Denmark - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Denmark - 2023
Contents:
- Frozen Crustaceans Price in Denmark (FOB) - 2023
- Frozen Crustaceans Price in Denmark (CIF) - 2023
- Frozen Crustaceans Exports in Denmark
- Frozen Crustaceans Imports in Denmark
Frozen Crustaceans Price in Denmark (FOB) - 2023
The average frozen crustaceans export price stood at $7,088 per ton in August 2023, rising by 3.5% against the previous month. In general, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 11% against the previous month. Over the period under review, the average export prices attained the maximum at $7,109 per ton in June 2023; afterwards, it flattened through to August 2023.
There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Poland ($14,295 per ton), while the average price for exports to Morocco ($4,318 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Price in Denmark (CIF) - 2023
In August 2023, the average frozen crustaceans import price amounted to $5,698 per ton, remaining relatively unchanged against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 22% against the previous month. As a result, import price reached the peak level of $6,174 per ton. From April 2023 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Vietnam ($9,510 per ton), while the price for Canada ($3,908 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Crustaceans Exports in Denmark
After three years of growth, shipments abroad of frozen crustaceans decreased by -3.3% to 81K tons in 2022. The total export volume increased at an average annual rate of +7.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, the exports reached the peak of 84K tons, and then contracted in the following year.
In value terms, frozen crustaceans exports rose modestly to $513M in 2022. The total export value increased at an average annual rate of +6.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.
| Export of Frozen Crustaceans in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 107 | 106 | 95.1 | 187 | 20.5% |
| Italy | 42.3 | 38.8 | 61.7 | 66.6 | 16.3% |
| Sweden | 61.7 | 57.3 | 56.5 | 42.0 | -12.0% |
| Norway | 34.7 | 34.5 | 38.7 | 30.4 | -4.3% |
| Albania | 14.2 | 10.5 | 14.1 | 23.4 | 18.1% |
| Morocco | 10.2 | 8.6 | 17.8 | 17.9 | 20.6% |
| Germany | 9.7 | 8.0 | 11.9 | 13.9 | 12.7% |
| Russia | 23.9 | 38.8 | 69.4 | 12.9 | -18.6% |
| Ukraine | 5.5 | 11.7 | 12.2 | 10.1 | 22.5% |
| Bulgaria | 8.2 | 7.7 | 7.9 | 10.1 | 7.2% |
| Poland | 2.6 | 5.1 | 8.1 | 7.6 | 43.0% |
| Others | 99.7 | 82.1 | 96.3 | 90.5 | -3.2% |
| Total | 420 | 410 | 490 | 513 | 6.9% |
Top Export Markets for Frozen Crustaceans from Denmark in 2022:
- China (31.0K tons)
- Sweden (7.0K tons)
- Albania (5.7K tons)
- Italy (5.7K tons)
- Norway (4.8K tons)
- Morocco (4.4K tons)
- Germany (3.0K tons)
- Russia (2.9K tons)
- Bulgaria (2.5K tons)
- Ukraine (2.2K tons)
- Poland (2.1K tons)
Frozen Crustaceans Imports in Denmark
For the fourth year in a row, Denmark recorded growth in supplies from abroad of frozen crustaceans, which increased by 4.3% to 74K tons in 2022. The total import volume increased at an average annual rate of +10.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 22%. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, frozen crustaceans imports rose significantly to $419M in 2022. The total import value increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.
| Import of Frozen Crustaceans in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Greenland | 204 | 241 | 258 | 279 | 11.0% |
| Canada | 24.3 | 23.2 | 31.6 | 34.6 | 12.5% |
| Vietnam | 14.9 | 10.8 | 13.9 | 19.6 | 9.6% |
| Germany | 2.9 | 7.6 | 12.1 | 9.4 | 48.0% |
| Ecuador | 2.6 | 4.9 | 10.5 | 8.4 | 47.8% |
| Faroe Islands | 6.0 | 8.2 | 3.3 | 3.9 | -13.4% |
| Others | 48.8 | 36.3 | 48.2 | 63.7 | 9.3% |
| Total | 304 | 332 | 378 | 419 | 11.3% |
Top Suppliers of Frozen Crustaceans to Denmark in 2022:
- Greenland (56.7K tons)
- Canada (5.4K tons)
- Germany (2.7K tons)
- Vietnam (1.7K tons)
- Ecuador (1.2K tons)
- Faroe Islands (0.9K tons)
This report provides an in-depth analysis of the frozen crustaceans market in Denmark. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- Denmark
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Denmark
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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