Tea or mate extracts and preparations market in Denmark

Earlier Report Observations

The market for tea or mate extracts and preparations in Denmark displayed considerable volatility between 2018 and 2024. Starting from a value of 5.9 million dollars in 2018, the market contracted sharply over the next two years, falling to 4.2 million dollars by 2020.

After stabilizing in 2021, market volume rebounded to 4.7 million dollars in 2022. However, a significant decline followed in 2023, bringing the market down to 3.5 million dollars. The most recent data for 2024 shows a strong recovery, with the market size reaching 5.1 million dollars, the highest level since the beginning of the period.

Domestic production peaked at 2.8 million dollars in 2020 but subsequently fell, while imports generally increased after 2020. Export volumes also grew, particularly in 2023, which contributed to the net market size fluctuations.

Production tea or mate extracts and preparations in Denmark

In value, 2018-2021, K $ US

After two consecutive years of growth, Denmark's production of tea or mate extracts and preparations declined in value terms. In 2021, output was valued at 1,901 thousand US dollars, representing a significant 32.3% decrease compared to the previous year. Over the period from 2018 to 2021, production increased by 46.6%, with a compound annual growth rate of 13.6%. The peak value was recorded in 2020 at 2,810 thousand US dollars, which also saw the largest annual increase of 65.7%.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, t

Denmark ranked among the world's top producers of tea or mate extracts and preparations from 2018 to 2021, holding the 10th position by production volume.

Top producers of tea or mate extracts and preparations, 2018-2021

World map of production of tea or mate extracts and preparations, 2018-2021

Following two years of growth, Denmark's production of tea or mate extracts and preparations declined in volume. In 2021, output totaled 236.2 tonnes, marking a sharp 24.9% decrease compared to 2020. Between 2018 and 2021, production increased by 48.2%, equivalent to an annualized growth rate of 14.0%. The highest volume was recorded in 2020 at 314.7 tonnes, while the largest annual increase occurred in 2019 at 65.9%.

Annual dynamics of production in Denmark in kind, 2018-2021, t

Exports tea or mate extracts and preparations from Denmark

Exports in kind, t

In 2021, Denmark's exports of tea or mate extracts and preparations reached 643 tonnes, up 25.1% year-over-year. From 2018 to 2021, exports grew by 41.4%, with an annualized rate of 12.2%. The largest decline was recorded in 2020 at 14.6%, while the largest increase occurred in 2019 at 32.3%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

From 2018 to 2021, Sweden, Malaysia, and Norway were the primary destinations for Denmark's exports in volume terms. Sweden accounted for 49.2% of exports, Malaysia for 20.8%, and Norway for 6.7%, together representing 76.8% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, K $ US

Denmark's exports of tea or mate extracts and preparations increased for the third consecutive year in value terms. In 2021, exports reached 6,050 thousand US dollars, a steep 27.6% rise compared to the previous year. Between 2018 and 2021, exports grew by 57.3%, with an annualized growth rate of 16.3%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

From 2018 to 2021, Sweden, the United States, and Norway formed the main cluster of markets for Denmark's exports in value terms. Sweden accounted for 57.0% of exports, the United States for 12.7%, and Norway for 7.0%, collectively representing 76.7% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports tea or mate extracts and preparations to Denmark

Imports in kind, t

Denmark's imports of tea or mate extracts and preparations increased for the second consecutive year in volume terms. In 2021, imports totaled approximately 4,484 tonnes, remaining broadly stable compared to the previous year. Over the period from 2018 to 2021, imports grew by 24.2%, with a compound annual growth rate of 7.5%. The lowest volume was recorded in 2019 at 3,067 tonnes, which also saw the largest annual decline of 15.1%. The largest increase occurred in 2020 at 45.5%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

Throughout 2018 to 2021, Germany played the leading role in Denmark's imports in volume terms, accounting for 87.0% of total flows, while other markets together made up the remainder.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, K $ US

After two years of reduction, Denmark's imports of tea or mate extracts and preparations increased in value terms. In 2021, import volume amounted to 8,320 thousand US dollars, a rise of 36.7% compared to 2020. The lowest value was recorded in 2020 at 6,087 thousand US dollars, which also saw the largest annual decline of 18.2%.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

From 2018 to 2021, Germany, the United States, and the United Kingdom were the main destinations for Denmark's imports in value terms. Germany accounted for 39.5% of imports, the United States for 18.3%, and the United Kingdom for 10.0%, together representing 67.8% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021