Denmark: Tea Market Overview 2020

Tea Market Size in Denmark

The revenue of the tea market in Denmark amounted to $X in 2018, waning by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total market indicated noticeable growth 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. The pace of growth was the most pronounced in 2013 when the market value increased by X% year-to-year. Over the period under review, the tea market reached its peak figure level at $X in 2017, and then declined slightly in the following year.

Tea Exports

Exports from Denmark

In 2018, the amount of tea exported from Denmark stood at X tonnes, falling by -X% against the previous year. Over the period under review, the total exports indicated a strong expansion from 2007 to 2018: its volume 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, tea exports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Over the period under review, tea exports reached their maximum at X tonnes in 2016; however, from 2017 to 2018, exports remained at a lower figure.

In value terms, tea exports amounted to $X in 2018. Overall, tea exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. In that year, tea exports attained their peak of $X. From 2012 to 2018, the growth of tea exports remained at a somewhat lower figure.

Exports by Country

Lithuania (X tonnes), Sweden (X tonnes) and Norway (X tonnes) were the main destinations of tea exports from Denmark, with a combined X% share of total exports. Greenland, Spain, the Netherlands, South Korea, France, the UK, Iceland and Switzerland lagged somewhat behind, together comprising a further X 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by South Korea, while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Sweden ($X) and Norway ($X) appeared to be the largest markets for tea exported from Denmark worldwide, together comprising X% of total exports. Greenland, Spain, the Netherlands, France, Iceland, the UK, Switzerland and South Korea lagged somewhat behind, together comprising a further X the main countries of destination, France recorded the highest rates of growth with regard to exports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average tea export price amounted to $X per tonne, waning by -X% against the previous year. Over the period under review, the tea export price continues to indicate a drastic decrease. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. In that year, the average export prices for tea reached their peak level of $X per tonne. From 2012 to 2018, the growth in terms of the average export prices for tea 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 Iceland ($X per tonne), while the average price for exports to South Korea ($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 Switzerland, while the prices for the other major destinations experienced a decline.

Tea Imports

Imports into Denmark

In 2018, the tea imports into Denmark amounted to X tonnes, declining by -X% against the previous year. In general, the total imports indicated a pronounced expansion from 2007 to 2018: its volume 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. The most prominent rate of growth was recorded in 2016 when imports increased by X% y-o-y. Imports peaked at X tonnes in 2017, and then declined slightly in the following year.

In value terms, tea imports stood at $X in 2018. In general, the total imports indicated prominent growth 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. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, tea imports reached their peak figure at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, Germany (X tonnes) constituted the largest supplier of tea to Denmark, accounting for a X% share of total imports. Moreover, tea imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tonnes), threefold. The third position in this ranking was occupied by Poland (X tonnes), with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of volume from Germany amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Poland (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of tea to Denmark, comprising X% of total tea imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value from Germany stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and Poland (+X% per year).

Import Prices by Country

In 2018, the average tea import price amounted to $X per tonne, increasing by X% against the previous year. Overall, the tea import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. The import price peaked at $X per tonne in 2013; however, from 2014 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 Hungary ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform