The processed milk price per kilogram in Denmark has experienced notable fluctuations from 2010 to 2020, starting at 0.88 Euros in 2010 and peaking at 1.37 Euros in 2019. Between 2010 and 2013, the price mostly hovered around 0.86 and 0.96 Euros before sharply increasing to over 1 Euro from 2014 onwards. Significant jumps occurred in 2014 and 2019, indicating market volatility. In 2020, the price slightly decreased to 1.33 Euros.
Looking at long-term trends:
- From 2018 to 2019, there was a significant increase of approximately 25.7% in prices.
- From 2019 to 2020, a moderate decrease of around 2.9% was observed.
- Over the last five years, the compound annual growth rate (CAGR) reflects a notable upward trend.
Future trends to watch for include potential impacts from economic inflation on milk prices, dairy supply chain disruptions, and policy changes affecting agricultural subsidies. Observing consumer preferences towards plant-based milk alternatives might also influence processed milk prices in Denmark beyond 2024.
