Denmark: Manuka Market Overview 2021

Manuka Market Size in Denmark

In 2019, the Danish manuka market decreased by -X% to $X, falling for the fourth consecutive year after six years of growth. Overall, the total consumption indicated noticeable 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, consumption decreased by -X% against 2015 indices. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2019, consumption failed to regain the momentum.

Manuka Production in Denmark

In value terms, manuka production stood at $X in 2019 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2019; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2008 when the production volume increased by X% against the previous year. Manuka production peaked at $X in 2011; however, from 2012 to 2019, production remained at a lower figure.

Manuka Exports

Exports from Denmark

Manuka exports from Denmark expanded to X tonnes in 2019, with an increase of X% on 2018 figures. The total export volume increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Exports peaked at X tonnes in 2017; however, from 2018 to 2019, exports remained at a lower figure.

In value terms, manuka exports stood at $X in 2019. The total export value increased at an average annual rate of +X% over the period from 2007 to 2019; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2011 with an increase of X% against the previous year. Exports peaked 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 manuka exports from Denmark, with a X% share of total exports. Moreover, manuka 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 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).

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

Export Prices by Country

In 2019, the average manuka export price amounted to $X per tonne, approximately equating 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 export price increased by X% year-to-year. 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 highest prices were recorded for prices to 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.

Manuka Imports

Imports into Denmark

In 2019, manuka imports into Denmark fell modestly to X tonnes, with a decrease of -X% against the previous year. Overall, total imports indicated a mild increase from 2007 to 2019: its volume 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 most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Imports peaked at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, manuka imports contracted to $X in 2019. In general, total imports indicated a tangible increase 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 most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

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

From 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Ukraine ($X) and Germany ($X) constituted the largest manuka suppliers to Denmark, together accounting for X% of total imports.

Among the main suppliers, Romania (+X% per year) saw 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 manuka import price stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. Over the period under review, average import prices hit record highs at $X per tonne in 2011; however, from 2012 to 2019, import prices stood at a somewhat 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 manuka in the world?

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The countries with the highest volumes of manuka consumption in 2019 were China (330K tonnes), the U.S. (252K tonnes) and Turkey (104K tonnes), with a combined 36% share of global consumption. These countries were followed by Canada, Iran, Germany, Russia, Ethiopia, the UK, Japan, France, Spain and Mexico, which together accounted for a further 30%.

What are the largest producers of manuka in the world?

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China (444K tonnes) constituted the country with the largest volume of manuka production, accounting for 23% of total volume. Moreover, manuka production in China exceeded the figures recorded by the second-largest producer, Turkey (109K tonnes), fourfold. The third position in this ranking was occupied by Canada (80K tonnes), with a 4.2% share.

What are the leading suppliers of manuka to Denmark?

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In value terms, Romania ($4.4M), Ukraine ($4M) and Germany ($2.7M) appeared to be the largest manuka suppliers to Denmark, with a combined 64% share of total imports.

What are the leading importers of manuka from Denmark?

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In value terms, Sweden ($8.6M) remains the key foreign market for manuka 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 manuka in Denmark?

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In 2019, the average manuka export price amounted to $4,853 per tonne, remaining stable against the previous year.

What is the average import price for manuka in Denmark?

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In 2019, the average manuka import price amounted to $3,103 per tonne, falling by -9.6% against the previous year.