Denmark: Honey Market Overview 2021

Honey Market Size in Denmark

In 2019, the Danish honey market decreased by -X% to $X, falling for the fourth year in a row after six years of growth. Over the period under review, the total consumption indicated a perceptible expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, consumption decreased by -X% against 2015 indices. The growth pace was the most rapid in 2008 with an increase of X% year-to-year. Honey consumption peaked at $X in 2015; however, from 2016 to 2019, consumption remained at a lower figure.

Honey Production in Denmark

In value terms, honey production totaled $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% year-to-year. Over the period under review, production reached the peak level at $X in 2011; however, from 2012 to 2019, production failed to regain the momentum.

Honey Exports

Exports from Denmark

In 2019, honey exports from Denmark amounted to X tonnes, increasing by X% against the year before. The total export volume increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure at X tonnes in 2017; however, from 2018 to 2019, exports failed to regain the momentum.

In value terms, honey exports expanded to $X in 2019. The total export value increased at an average annual rate of +X% from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at $X in 2017; however, from 2018 to 2019, exports stood at a somewhat lower figure.

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. Germany (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2019, 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 ($X) remains the key foreign market for honey exports from Denmark, comprising X% of total exports. The second position in the ranking was occupied by Finland ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2007 to 2019, the average annual growth rate 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 2019, the average honey export price amounted to $X per tonne, remaining constant against the previous year. Over the period from 2007 to 2019, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2011; however, from 2012 to 2019, export prices failed to regain the momentum.

Average prices varied somewhat for the major external markets. In 2019, the countries with the highest prices were Norway ($X per tonne) and Iceland ($X per tonne), while the average price for exports to Germany ($X per tonne) and Finland ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Sweden, while the prices for the other major destinations experienced more modest paces of growth.

Honey Imports

Imports into Denmark

In 2019, approx. X tonnes of honey were imported into Denmark; shrinking by -X% compared with 2018. In general, total imports indicated slight growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

In value terms, honey imports declined to $X in 2019. Over the period under review, total imports indicated perceptible growth from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2017 indices. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Ukraine (X tonnes), Romania (X tonnes) and Germany (X tonnes) were the main suppliers of honey imports to Denmark, with a combined X% share of total imports.

From 2007 to 2019, the biggest increases were in Romania (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

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

Among the main suppliers, Romania (+X% per year) recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average honey import price stood at $X per tonne in 2019, falling by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the maximum at $X per tonne in 2011; however, from 2012 to 2019, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Belgium ($X per tonne), while the price for Ukraine ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Belgium, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for honey in the world?

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The countries with the highest volumes of honey consumption in 2019 were China (330K tonnes), the U.S. (252K tonnes) and Turkey (104K tonnes), together comprising 36% of global consumption. Canada, Iran, Germany, Russia, Ethiopia, the UK, Japan, France, Spain and Mexico lagged somewhat behind, together accounting for a further 30%.

What are the largest producers of honey in the world?

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The country with the largest volume of honey production was China (444K tonnes), comprising approx. 23% of total volume. Moreover, honey production in China exceeded the figures recorded by the second-largest producer, Turkey (109K tonnes), fourfold. Canada (80K tonnes) ranked third in terms of total production with a 4.2% share.

What are the leading suppliers of honey to Denmark?

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In value terms, Romania ($4.4M), Ukraine ($4M) and Germany ($2.7M) were the largest honey suppliers to Denmark, together comprising 64% of total imports.

What are the leading importers of honey from Denmark?

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In value terms, Sweden ($8.6M) remains the key foreign market for honey exports from Denmark, comprising 54% of total exports. The second position in the ranking was occupied by Finland ($3M), with a 19% share of total exports. It was followed by Germany, with a 16% share.

What is the average export price for honey in Denmark?

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In 2019, the average honey export price amounted to $4,853 per tonne, remaining relatively unchanged against the previous year.

What is the average import price for honey in Denmark?

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The average honey import price stood at $3,103 per tonne in 2019, shrinking by -9.6% against the previous year.