Denmark: Honey Market Overview 2020

Honey Market Size in Denmark

The revenue of the honey market in Denmark amounted to $X in 2018, approximately reflecting the previous year. Overall, the total market indicated a remarkable expansion from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, honey consumption increased by +X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when the market value increased by X% against the previous year. Over the period under review, the honey market reached its peak figure level at $X in 2015; however, from 2016 to 2018, consumption remained at a lower figure.

Honey Production in Denmark

In value terms, honey production totaled $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2008 when production volume increased by X% year-to-year. Honey production peaked at $X in 2011; however, from 2012 to 2018, production stood at a somewhat lower figure.

Honey Exports

Exports from Denmark

In 2018, the amount of honey exported from Denmark stood at X tonnes, going down by -X% against the previous year. In general, honey exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when exports increased by X% against the previous year. Over the period under review, honey exports attained their maximum at X tonnes in 2016; however, from 2017 to 2018, exports failed to regain their momentum.

In value terms, honey exports stood at $X in 2018. The total export value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

Sweden (X tonnes) was the main destination for honey exports from Denmark, with a X% share of total exports. Moreover, honey exports to Sweden exceeded the volume sent to the second major destination, Finland (X tonnes), threefold. The third position in this ranking was occupied by Germany (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Germany (+X% per year).

In value terms, Sweden ($X) remains the key foreign market for honey exports from Denmark, comprising X% of total honey exports. The second position in the ranking was occupied by Finland ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual growth rate of value to Sweden totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+X% per year) and Germany (+X% per year).

Export Prices by Country

The average honey export price stood at $X per tonne in 2018, surging by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2011; however, from 2012 to 2018, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2018, the country with the highest price was Norway ($X per tonne), while the average price for exports to Bulgaria ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Germany, while the prices for the other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Denmark

In 2018, the honey imports into Denmark stood at X tonnes, lowering by -X% against the previous year. Over the period under review, the total imports indicated modest growth from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of X% year-to-year. Imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, honey imports totaled $X in 2018. In general, the total imports indicated strong growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when imports increased by X% against the previous year. Over the period under review, honey imports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

Ukraine (X tonnes), Germany (X tonnes) and Belgium (X tonnes) were the main suppliers of honey imports to Denmark, with a combined X% share of total imports. Romania, Hungary, Argentina, Luxembourg, Mexico, Italy, China and Bulgaria lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Romania (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, the largest honey suppliers to Denmark were Romania ($X), Germany ($X) and Ukraine ($X), together comprising X% of total imports.

Among the main suppliers, Romania (+X% per year) experienced the highest rates of growth with regard to imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2018, the average honey import price amounted to $X per tonne, rising by X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. The import price peaked at $X per tonne in 2011; however, from 2012 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was Romania ($X per tonne), while the price for Ukraine ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Argentina, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform