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Scandinavia: Market for Powdered, Evaporated And Condensed Milk 2022

Market Size for Powdered, Evaporated And Condensed Milk in Scandinavia

After three years of growth, the Scandinavia market for powdered, evaporated and condensed milk decreased by -8.5% to $X in 2021. The total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted in the following year.

Production of Powdered, Evaporated And Condensed Milk in Scandinavia

In value terms, powdered, evaporated and condensed milk production contracted to $X in 2021 estimated in export price. The total production indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +34.6% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 28%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Powdered, Evaporated And Condensed Milk

Exports in Scandinavia

In 2021, shipments abroad of powdered, evaporated and condensed milk increased by 3.9% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 19% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, powdered, evaporated and condensed milk exports expanded markedly to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by 22% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of powdered, evaporated and condensed milk, namely Sweden, Denmark and Finland, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Finland (with a CAGR of +11.9%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest powdered, evaporated and condensed milk supplying countries in Scandinavia were Sweden ($X), Denmark ($X) and Finland ($X), together accounting for 99% of total exports.

In terms of the main exporting countries, Finland, with a CAGR of +11.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, increasing by 8.9% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 27%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.2%), while the other leaders experienced a decline in the export price figures.

Imports of Powdered, Evaporated And Condensed Milk

Imports in Scandinavia

In 2021, supplies from abroad of powdered, evaporated and condensed milk decreased by -0.8% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a mild descent. The pace of growth was the most pronounced in 2019 when imports increased by 51%. As a result, imports attained the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, powdered, evaporated and condensed milk imports declined slightly to $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 50% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Denmark (X tons) and Sweden (X tons) dominates imports structure, together generating 89% of total imports. It was distantly followed by Norway (X tons), achieving a 6.6% share of total imports. Finland (X tons) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in Norway (with a CAGR of +12.4%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 94% of total imports.

Norway, with a CAGR of +11.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, approximately mirroring the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 when the import price increased by 22%. Over the period under review, import prices attained the peak figure at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for powdered, evaporated and condensed milk in Scandinavia?
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The countries with the highest volumes of consumption in 2021 were Denmark, Finland and Norway, with a combined 93% share of total consumption.
What are the largest producers of powdered, evaporated and condensed milk in Scandinavia?
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The countries with the highest volumes of production in 2021 were Denmark, Finland and Sweden, with a combined 91% share of total production.
What are the leading suppliers of powdered, evaporated and condensed milk in Scandinavia?
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In value terms, the largest powdered, evaporated and condensed milk supplying countries in Scandinavia were Sweden, Denmark and Finland, with a combined 99% share of total exports.
What are the leading importers of powdered, evaporated and condensed milk in Scandinavia?
+
In value terms, Sweden, Denmark and Norway were the countries with the highest levels of imports in 2021, with a combined 94% share of total imports.
What is the average export price for powdered, evaporated and condensed milk in Scandinavia?
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In 2021, the export price in Scandinavia amounted to $3,109 per ton, increasing by 8.9% against the previous year.
What is the average import price for powdered, evaporated and condensed milk in Scandinavia?
+
The import price in Scandinavia stood at $2,543 per ton in 2021, flattening at the previous year.

This report provides an in-depth analysis of the market for powdered, evaporated and condensed milk in Scandinavia. 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 897 - Dry Whole Cow Milk
• FCL 898 - Dry Skim Cow Milk
• FCL 889 - Whole Milk, Condensed
• FCL 894 - Whole Milk, Evaporated
• FCL 895 - Skim Milk, Evaporated
• FCL 896 - Skim Milk, Condensed
Country coverage:

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in Scandinavia, split by region and country
• Trade (exports and imports) in Scandinavia
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Denmark
• Finland
• Iceland
• Norway
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption, By Country, 2018–2021
Table 5:
Production, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Physical Terms, By Country, 2012–2021
Table 7:
Imports, In Value Terms, By Country, 2012–2021
Table 8:
Import Prices, By Country Of Destination, 2012–2021
Table 9:
Exports, In Physical Terms, By Country, 2012–2021
Table 10:
Exports, In Value Terms, By Country, 2012–2021
Table 11:
Export Prices, By Country Of Origin, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Consumption, By Country, 2021
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2021
Figure 17:
Production, In Value Terms, 2012–2021
Figure 18:
Production, By Country, 2021
Figure 19:
Production, In Physical Terms, By Country, 2012–2021
Figure 20:
Imports, In Physical Terms, 2012–2021
Figure 21:
Imports, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, By Country, 2021
Figure 23:
Imports, In Physical Terms, By Country, 2012–2021
Figure 24:
Imports, In Value Terms, By Country, 2012–2021
Figure 25:
Import Prices, By Country, 2012–2021
Figure 26:
Exports, In Physical Terms, 2012–2021
Figure 27:
Exports, In Value Terms, 2012–2021
Figure 28:
Exports, In Physical Terms, By Country, 2021
Figure 29:
Exports, In Physical Terms, By Country, 2012–2021
Figure 30:
Exports, In Value Terms, By Country, 2012–2021
Figure 31:
Export Prices, 2012–2021
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