Denmark - Honey - Market Analysis, Forecast, Size, Trends and Insights

Denmark: Honey Market Overview 2019

Honey Market Size in Denmark

The revenue of the honey market in Denmark amounted to $X in 2017, increasing by X% against the previous year. Overall, the total market indicated a prominent growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the honey consumption decreased by -X% against 2014 indices. The growth pace was the most rapid in 2008, when it surged by X% y-o-y. Over the period under review, the honey market attained its maximum level of $X in 2014; however, from 2015 to 2017, it failed to regain its momentum.

Honey Production in Denmark

Honey production in Denmark amounted to X tonnes in 2017, flattening at the previous year. Overall, honey production continues to indicate a relatively flat trend pattern. The honey production peaked of X tonnes in 2007; afterwards, it flattened through to 2017. Honey output in Denmark indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the producing animals and a relatively flat trend pattern in yield figures.

Honey Exports

Exports from Denmark

In 2017, approx. X tonnes of honey were exported from Denmark; approximately mirroring the previous year. The total export volume increased an average annual rate of +X% from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The pace of growth was the most pronounced in 2011, with an increase of X% y-o-y. The exports peaked of X tonnes in 2016, and then declined slightly in the following year.

In value terms, honey exports totaled $X in 2017. The total export value increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations in certain years. Over the period under review, the honey exports reached its maximum level in 2017, and are expected to retain its growth in the immediate term.

Exports by Country

Sweden (X tonnes) was the main destination of 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. Germany (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2017, the average annual growth rate of volume to Sweden amounted to +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 ($X) remains the key foreign market for honey exports from Denmark, making up X% of total honey exports. The second position in the ranking was occupied by Finland ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value to Sweden amounted to +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

In 2017, the average honey export price amounted to $X per tonne, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2008, an increase of X% y-o-y. The export price peaked of $X per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Average export prices varied noticeably for the major foreign markets. In 2017, the highest prices were recorded for export prices to Iceland ($X per tonne) and Norway ($X per tonne), while average price for exports to Finland ($X per tonne) and Germany ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was recorded for supplies to Sweden (+X% per year), the export prices for other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Denmark

In 2017, approx. X tonnes of honey were imported into Denmark; coming up by X% against the previous year. Overall, the total imports indicated a significant increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the honey imports increased by +X% against 2009 indices. The growth pace was the most rapid in 2011, when imports increased by X% y-o-y. Over the period under review, the honey imports attained its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, honey imports amounted to $X in 2017. In general, the total imports indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, the honey imports reached its maximum level in 2017, and are expected to retain its growth in the near future.

Imports by Country

Germany (X tonnes), Belgium (X tonnes) and Ukraine (X tonnes) were the main suppliers of honey imports to Denmark, together comprising X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main suppliers, was attained by Ukraine (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, largest honey suppliers to Denmark were Germany ($X), Belgium ($X) and Ukraine ($X), together accounting for X% of total imports.

Ukraine (+X% per year) experienced the highest rates of growth with regard to imports,in terms of the main suppliers over the last decade, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average honey import price stood at $X per tonne in 2017, falling by -X% against the previous year. Over the period from 2007 to 2017, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008, when it surged by X% against the previous year. Over the period under review, the average import prices for honey attained its maximum level of $X per tonne in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Average import prices varied somewhat amongst the major supplying countries. In 2017, the highest prices were recorded for import prices from Ukraine ($X per tonne) and Romania ($X per tonne), while price for Hungary ($X per tonne) and Belgium ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Argentina (+X% per year), the import prices for other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform