Margarine market in Denmark

Earlier Report Observations

The market volume for margarine in Denmark remained stable at around 26 700 tonnes in 2018 and 2019 before falling sharply to 16 219 tonnes in 2020.

Volume recovered to 22 476 tonnes in 2021, driven by increased European demand for industrial hard margarine used in bakery products like Danish pastries and the rising veganism trend boosting plant-based spreads. However, it dropped to 20 088 tonnes in 2022 due to global supply chain disruptions and higher import prices, which constrained availability, while European bans on trans-fat consumption prompted product reformulations.

Growth resumed in 2023 as the market reached 22 939 tonnes, supported by peak European margarine production and consumer preference for low-calorie alternatives. In 2024, volume rose further to 24 150 tonnes, fueled by growing demand for convenient liquid and soft margarine varieties alongside packaging innovations.

Production margarine in Denmark

In value, 2018-2021, K $ US

Denmark's margarine production value rebounded after a two-year decline. In 2021, output reached 70 977 thousand US dollars, marking a 21.3% increase from the previous year. Over the period from 2018 to 2021, production grew by 5.2%, which translates to an average annual growth rate of 1.7%. The lowest value was recorded in 2020 at 58 520 thousand US dollars, with the largest decline of 8.1% occurring that same year.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, t

Denmark's margarine production volume saw a modest recovery following a two-year reduction. In 2021, production amounted to 42 785 tonnes, reflecting a slight increase of 2.5% compared to 2020. However, from 2018 to 2021, overall production decreased by 18.3%, averaging an annual decline of 6.5%. The lowest volume was recorded in 2020 at 41 759 tonnes, with the largest drop of 19.9% also occurring in that year.

Annual dynamics of production in Denmark in kind, 2018-2021, t

Exports margarine from Denmark

Exports in kind, t

Denmark's margarine export volume declined for the second consecutive year. In 2021, exports stood at 27 573 tonnes, showing no significant change from 2020. Over the period from 2018 to 2021, exports decreased by 9.5%, equating to an average annual decline of 3.3%. The highest volume was recorded in 2019 at 30 708 tonnes, with the largest decline of 9.8% occurring in 2020, while the largest increase of 0.8% was also observed in 2019.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

From 2018 to 2021, Sweden, Belgium, and Germany were the main destinations for Denmark's margarine exports by volume. Sweden accounted for 33.6% of exports, Belgium for 11.2%, and Germany for 7.7%, together absorbing 52.4% of total export volume.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, K $ US

Denmark's margarine export value increased for the third consecutive year. In 2021, exports totaled 53 610 thousand US dollars, reflecting a 22.9% rise compared to 2020. Over the period from 2018 to 2021, exports grew by 28.9%, averaging an annual increase of 8.8%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

From 2018 to 2021, Denmark's margarine export market by value was relatively diversified. Sweden accounted for 28.6% of export value, Belgium for 11.0%, and Germany for 9.5%, together contributing 49.1% of total exports. Many other countries held smaller but notable shares, indicating a broad portfolio of buyers.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports margarine to Denmark

Imports in kind, t

Denmark's margarine import volume showed significant volatility during the observed period. In 2021, imports reached 7 264 tonnes, a substantial increase of 234.5% compared to the previous year. The lowest volume was recorded in 2020 at 2 171 tonnes, with the largest decline of 55.6% occurring that same year. Import levels fluctuated widely, with a 3.3-fold difference between the high in 2021 and the low in 2020.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

Throughout 2018 to 2021, Sweden and Germany remained the primary sources for Denmark's margarine imports by volume, jointly accounting for 92.1% of total imports. Other partners each held significantly smaller shares.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, K $ US

Denmark's margarine import value exhibited an unstable trend over the timeframe. In 2021, imports amounted to 13 861 thousand US dollars, reflecting a sharp increase of 312.8% from the previous year. The lowest value was recorded in 2020 at 3 358 thousand US dollars, with the largest decline of 57.9% occurring that same year. The highest value was observed in 2021, while the lowest occurred in 2020, resulting in a peak-to-trough ratio of 4.1 times.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

From 2018 to 2021, Sweden and Germany consistently dominated Denmark's margarine imports by value, jointly accounting for 88.9% of total imports. This indicates a high degree of market concentration, alongside a long tail of smaller markets with minimal shares.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021