Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Denmark - 2023
Contents:
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Denmark (FOB) - 2022
- Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Denmark (CIF) - 2022
- Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Denmark
- Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Denmark
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Denmark (FOB) - 2022
The average export price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $2,588 per ton in 2022, growing by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Faroe Islands ($4,694 per ton), while the average price for exports to the Netherlands ($1,887 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Faroe Islands (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Denmark (CIF) - 2022
The average import price for fats and oils and their fractions; of fish, (excluding liver-oils)s stood at $2,464 per ton in 2022, rising by 33% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($3,609 per ton), while the price for Faroe Islands ($1,152 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Denmark
In 2022, shipments abroad of fats and oils and their fractions; of fish, (excluding liver-oils)s decreased by -11.3% to 113K tons, falling for the second year in a row after two years of growth. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 2.2%. As a result, the exports reached the peak of 150K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of fats and oils and their fractions; of fish, (excluding liver-oils)s expanded rapidly to $293M in 2022. The total export value increased at an average annual rate of +6.5% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when exports increased by 23%. As a result, the exports reached the peak of $299M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 193 | 234 | 198 | 211 | 3.0% |
| United Kingdom | 26.9 | 31.3 | 31.7 | 46.2 | 19.8% |
| Gibraltar | N/A | N/A | N/A | 11.0 | 0% |
| Germany | 0.8 | 2.0 | 6.4 | 6.8 | 104.1% |
| Greece | 10.8 | 10.9 | 4.9 | 5.8 | -18.7% |
| Others | 11.6 | 21.3 | 15.4 | 12.7 | 3.1% |
| Total | 243 | 299 | 257 | 293 | 6.4% |
Top Export Markets for Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) from Denmark in 2022:
- Norway (84.5K tons)
- United Kingdom (15.9K tons)
- Gibraltar (3.2K tons)
- Germany (3.0K tons)
- Greece (1.7K tons)
Imports of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Denmark
In 2022, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s into Denmark expanded sharply to 96K tons, growing by 8.1% on the previous year. In general, imports, however, recorded a deep contraction.
In value terms, imports of fats and oils and their fractions; of fish, (excluding liver-oils)s soared to $238M in 2022. The total import value increased at an average annual rate of +8.7% over the period from 2019 to 2022; however, the trend pattern 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.
| Import of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 51.2 | 19.6 | 67.4 | 59.1 | 4.9% |
| Norway | 26.9 | 44.8 | 31.4 | 40.7 | 14.8% |
| Chile | 41.8 | 24.3 | 13.1 | 35.6 | -5.2% |
| Iceland | 0.7 | 19.0 | 8.2 | 16.8 | 188.4% |
| South Africa | 1.0 | 3.4 | 4.1 | 16.2 | 153.0% |
| United States | 20.4 | 32.7 | 11.2 | 11.7 | -16.9% |
| Mauritania | 2.8 | 1.9 | N/A | 11.6 | 60.6% |
| Faroe Islands | N/A | 0.1 | 0.2 | 11.3 | 963.0% |
| Georgia | N/A | N/A | N/A | 7.0 | 0% |
| France | 2.4 | 3.5 | 3.7 | 5.5 | 31.8% |
| Germany | 7.0 | 4.9 | 10.0 | 4.1 | -16.3% |
| Mexico | 6.9 | 15.7 | 1.9 | 1.3 | -42.7% |
| Panama | 11.7 | 13.8 | 6.5 | N/A | -25.5% |
| Others | 12.0 | 28.7 | 7.6 | 16.9 | 12.1% |
| Total | 185 | 212 | 165 | 238 | 8.8% |
Top Suppliers of Fats and Oils and Their Fractions; of Fish, (Excluding Liver-Oils) to Denmark in 2022:
- Norway (24.1K tons)
- Peru (17.7K tons)
- Chile (14.0K tons)
- Faroe Islands (9.8K tons)
- Iceland (6.4K tons)
- South Africa (5.1K tons)
- Mauritania (4.3K tons)
- United States (3.6K tons)
- Georgia (2.5K tons)
- France (1.5K tons)
- Germany (1.4K tons)
- Mexico (1.1K tons)
572
This report provides an in-depth analysis of the market for fish fat and oil in Denmark.
742
This report provides an in-depth analysis of the global market for fish fat and oil.
572
This report provides an in-depth analysis of the market for fish fat and oil in Denmark.
742
This report provides an in-depth analysis of the global market for fish fat and oil.
593
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
593
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
