Report Update: Apr 1, 2024

Denmark - Condensed Or Evaporated Milk (Sweetened) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Sweetened Condensed and Evaporated Milk in Denmark - 2023

Price for Sweetened Condensed and Evaporated Milk in Denmark (CIF) - 2023

In May 2023, the average import price for condensed or evaporated milk (sweetened) amounted to $2,448 per ton, increasing by 6.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in September 2022 when the average import price increased by 53% m-o-m. As a result, import price attained the peak level of $2,876 per ton. From October 2022 to May 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Belgium ($5,170 per ton), while the price for the Netherlands ($1,557 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by France (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Sweetened Condensed and Evaporated Milk in Denmark (FOB) - 2023

The average export price for condensed or evaporated milk (sweetened) stood at $5,808 per ton in June 2023, therefore, remained relatively stable against the previous month. Over the period under review, export price indicated mild growth from June 2022 to June 2023: its price increased at an average monthly rate of +1.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, sweetened condensed and evaporated milk export price decreased by -7.8% against March 2023 indices. The pace of growth appeared the most rapid in November 2022 an increase of 89% month-to-month. Over the period under review, the average export prices reached the maximum at $6,301 per ton in March 2023; however, from April 2023 to June 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($9,250 per ton), while the average price for exports to the UK ($2,177 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sweetened Condensed and Evaporated Milk in Denmark

In 2022, the amount of condensed or evaporated milk (sweetened) imported into Denmark surged to 4.6K tons, increasing by 24% on the previous year. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 46% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, sweetened condensed and evaporated milk imports skyrocketed to $11M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 34% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Sweetened Condensed and Evaporated Milk in Denmark (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Netherlands	1.9	3.1	5.0	5.7	44.2%
Germany	2.3	1.1	1.0	2.3	0.0%
Belgium	2.2	1.6	1.8	1.9	-4.8%
France	0.5	0.4	0.3	0.6	6.3%
Spain	0.4	0.5	0.8	N/A	41.4%
Others	N/A	N/A	N/A	0.1	0%
Total	7.3	6.7	9.0	10.6	13.2%

Top Suppliers of Sweetened Condensed and Evaporated Milk to Denmark in 2022:

Netherlands (2980.9 tons)
Germany (942.4 tons)
Belgium (405.3 tons)
France (274.9 tons)

Exports of Sweetened Condensed and Evaporated Milk in Denmark

For the fourth year in a row, Denmark recorded growth in shipments abroad of condensed or evaporated milk (sweetened), which increased by 3.5% to 705 tons in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 91%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, sweetened condensed and evaporated milk exports skyrocketed to $3.2M in 2022. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 68%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Export of Sweetened Condensed and Evaporated Milk in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	32.3	43.7	111	639	170.5%
Poland	3.7	31.5	106	521	420.2%
Philippines	24.5	42.8	128	398	153.3%
United Kingdom	N/A	24.4	152	268	231.4%
Singapore	11.0	20.4	52.5	239	179.0%
Cambodia	4.3	5.3	19.1	87.9	173.4%
Greenland	12.8	10.7	27.1	74.6	80.0%
United Arab Emirates	763	374	13.3	37.7	-63.3%
Germany	1.6	7.5	22.6	35.8	181.8%
Oman	410	1,556	1,629	N/A	99.3%
Others	88.3	155	285	880	115.2%
Total	1,352	2,271	2,545	3,182	33.0%

Top Export Markets for Sweetened Condensed and Evaporated Milk from Denmark in 2022:

Poland (210.0 tons)
United Kingdom (160.6 tons)
Malaysia (81.4 tons)
Philippines (48.7 tons)
Singapore (31.3 tons)
Greenland (17.7 tons)
Germany (11.7 tons)
Cambodia (11.6 tons)
United Arab Emirates (5.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for sweetened condensed and evaporated milk in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 889 - Whole Milk, Condensed
FCL 896 - Skim Milk, Condensed

Country coverage:

Denmark

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Denmark
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023