Non-Liquid Margarine Price in Denmark - 2023
Contents:
- Non-Liquid Margarine Price in Denmark (FOB) - 2023
- Non-Liquid Margarine Price in Denmark (CIF) - 2023
- Non-Liquid Margarine Exports in Denmark
- Non-Liquid Margarine Imports in Denmark
Non-Liquid Margarine Price in Denmark (FOB) - 2023
In June 2023, the average non-liquid margarine export price amounted to $2,306 per ton, declining by -4.1% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 39% against the previous month. As a result, the export price attained the peak level of $2,513 per ton. From May 2023 to June 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Israel ($6,154 per ton), while the average price for exports to the Netherlands ($702 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 Israel (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Price in Denmark (CIF) - 2023
In June 2023, the average non-liquid margarine import price amounted to $2,942 per ton, surging by 3.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.9%. The growth pace was the most rapid in January 2023 when the average import price increased by 12% m-o-m. As a result, import price attained the peak level of $2,989 per ton. From February 2023 to June 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($5,009 per ton), while the price for Germany ($2,311 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Lithuania (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Liquid Margarine Exports in Denmark
In 2022, overseas shipments of non-liquid margarine increased by 10% to 30K tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a relatively flat trend pattern.
In value terms, non-liquid margarine exports skyrocketed to $68M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +17.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.1% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Non-Liquid Margarine in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 11.8 | 12.5 | 14.2 | 21.8 | 22.7% |
| Belgium | 4.7 | 4.0 | 6.7 | 9.2 | 25.1% |
| Germany | 4.4 | 4.2 | 5.6 | 6.7 | 15.0% |
| United Kingdom | 2.2 | 3.1 | 4.4 | 5.9 | 38.9% |
| Finland | 2.1 | 1.8 | 2.7 | 3.5 | 18.6% |
| Norway | 1.8 | 2.7 | 3.1 | 3.1 | 19.9% |
| Poland | 0.8 | 1.2 | 2.1 | 2.1 | 37.9% |
| Greece | 1.3 | 1.3 | 2.2 | 2.1 | 17.3% |
| United States | 1.0 | 0.9 | 0.8 | 1.3 | 9.1% |
| Israel | 0.9 | 1.5 | 1.0 | 1.3 | 13.0% |
| Italy | 0.1 | 0.8 | 0.9 | 1.2 | 128.9% |
| Czech Republic | 1.0 | 0.9 | 1.1 | 0.9 | -3.5% |
| Portugal | 2.5 | 2.1 | 0.5 | 0.9 | -28.9% |
| Others | 7.1 | 7.0 | 7.8 | 8.0 | 4.1% |
| Total | 41.6 | 43.8 | 53.2 | 67.9 | 17.7% |
Top Export Markets for Non-Liquid Margarine from Denmark in 2022:
- Sweden (12.1K tons)
- Belgium (4.2K tons)
- Finland (1.8K tons)
- Germany (1.8K tons)
- United Kingdom (1.6K tons)
- Norway (1.5K tons)
- Greece (1.2K tons)
- Poland (1.1K tons)
- Israel (0.6K tons)
- Italy (0.6K tons)
- United States (0.5K tons)
- Portugal (0.5K tons)
- Czech Republic (0.4K tons)
Non-Liquid Margarine Imports in Denmark
In 2022, imports of non-liquid margarine into Denmark declined rapidly to 3.4K tons, with a decrease of -63.8% compared with the previous year. Over the period under review, imports faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 324%. As a result, imports attained the peak of 9.4K tons, and then dropped notably in the following year.
In value terms, non-liquid margarine imports fell significantly to $8.4M in 2022. Overall, imports, however, recorded mild growth. The pace of growth appeared the most rapid in 2021 when imports increased by 393%. As a result, imports reached the peak of $17M, and then declined significantly in the following year.
| Import of Non-Liquid Margarine in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 5.6 | 0.2 | 14.0 | 4.6 | -6.3% |
| Germany | 1.7 | 2.3 | 2.2 | 2.6 | 15.2% |
| Belgium | 0.3 | 0.5 | 0.7 | 0.6 | 26.0% |
| Netherlands | 0.1 | 0.3 | 0.2 | 0.3 | 44.2% |
| Lithuania | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.2 | 0.2 | 0.2 | 0.2 | 0.0% |
| Total | 8.0 | 3.5 | 17.3 | 8.4 | 1.6% |
Top Suppliers of Non-Liquid Margarine to Denmark in 2022:
- Sweden (1737.5 tons)
- Germany (1249.6 tons)
- Belgium (171.3 tons)
- Netherlands (108.1 tons)
- Lithuania (80.7 tons)
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