Denmark: Tea Market Overview 2021

Tea Market Size in Denmark

The Danish tea market skyrocketed to $X in 2020, picking up 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, consumption enjoyed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tea Exports

Exports from Denmark

In 2020, after two years of decline, there was significant growth in overseas shipments of tea, when their volume increased by X% to X tonnes. Over the period under review, exports saw a noticeable expansion. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. Exports peaked at X tonnes in 2009; however, from 2010 to 2020, exports remained at a lower figure.

In value terms, tea exports surged to $X in 2020. Overall, exports showed a noticeable expansion. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2020, exports remained at a lower figure.

Exports by Country

Sweden (X tonnes) was the main destination for tea exports from Denmark, accounting for a X% share of total exports. Moreover, tea exports to Sweden exceeded the volume sent to the second major destination, Norway (X tonnes), twofold. The Netherlands (X tonnes) ranked third in terms of total exports with a X% share.

From 2007 to 2020, 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: Norway (+X% per year) and the Netherlands (+X% per year).

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

From 2007 to 2020, the average annual rate of growth in terms of value to Sweden stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the average tea export price amounted to $X per tonne, rising by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Greenland ($X per tonne), while the average price for exports to Switzerland ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to France, while the prices for the other major destinations experienced more modest paces of growth.

Tea Imports

Imports into Denmark

In 2020, approx. X tonnes of tea were imported into Denmark; growing by X% against the previous year. In general, total imports indicated a resilient increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, tea imports surged to $X in 2020. Over the period under review, total imports indicated prominent growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tonnes), the Netherlands (X tonnes) and Poland (X tonnes) were the main suppliers of tea imports to Denmark, together comprising X% of total imports. These countries were followed by the UK, Sri Lanka, Italy, France, Spain, Sweden, the U.S. and Belgium, which together accounted for a further X 2007 to 2020, the biggest increases were in Italy (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

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

From 2007 to 2020, the average annual rate of growth in terms of value 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).

Import Prices by Country

The average tea import price stood at $X per tonne in 2020, with an increase of X% against the previous year. Over the last thirteen-year period, 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% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Sweden ($X per tonne), while the price for the Netherlands ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the U.S., 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 tea in the world?

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China (5.6M tonnes) remains the largest tea consuming country worldwide, comprising approx. 56% of total volume. Moreover, tea consumption in China exceeded the figures recorded by the second-largest consumer, India (1.3M tonnes), fourfold. The third position in this ranking was occupied by Turkey (269K tonnes), with a 2.7% share.

What are the largest producers of tea in the world?

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China (6M tonnes) remains the largest tea producing country worldwide, accounting for 61% of total volume. Moreover, tea production in China exceeded the figures recorded by the second-largest producer, India (1.4M tonnes), fourfold. Kenya (467K tonnes) ranked third in terms of total production with a 4.7% share.

What are the leading suppliers of tea to Denmark?

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In value terms, Germany ($12M) constituted the largest supplier of tea to Denmark, comprising 37% of total imports. The second position in the ranking was occupied by the Netherlands ($5M), with a 16% share of total imports. It was followed by Poland, with a 7.4% share.

What are the leading importers of tea from Denmark?

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In value terms, Sweden ($2.4M) remains the key foreign market for tea exports from Denmark, comprising 34% of total exports. The second position in the ranking was occupied by Norway ($1.1M), with a 16% share of total exports. It was followed by Germany, with a 8.5% share.

What is the average export price for tea in Denmark?

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The average tea export price stood at $14,038 per tonne in 2020, growing by 32% against the previous year.

What is the average import price for tea in Denmark?

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In 2020, the average tea import price amounted to $9,234 per tonne, with an increase of 10% against the previous year.