Price for Fish Meal; Fit for Human Consumption in Denmark - 2022
Contents:
- Price for Fish Meal; Fit for Human Consumption in Denmark (CIF) - 2022
- Price for Fish Meal; Fit for Human Consumption in Denmark (FOB) - 2022
- Imports of Fish Meal; Fit for Human Consumption in Denmark
- Exports of Fish Meal; Fit for Human Consumption in Denmark
Price for Fish Meal; Fit for Human Consumption in Denmark (CIF) - 2022
The average import price for fish meal; fit for human consumptia stood at $7,668 per ton in December 2021, reducing by -16.9% against the previous month. In general, the import price recorded a deep contraction. The most prominent rate of growth was recorded in November 2021 when the average import price increased by 126% m-o-m. Over the period under review, average import prices reached the maximum at $15,887 per ton in August 2021; however, from September 2021 to December 2021, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Norway.
From January 2021 to December 2021, the rate of growth in terms of prices for Norway amounted to -5.3% per month.
Price for Fish Meal; Fit for Human Consumption in Denmark (FOB) - 2022
The average export price for fish meal; fit for human consumptia stood at $7,395 per ton in December 2021, declining by -16.6% against the previous month. Over the period under review, the export price saw a drastic downturn. The pace of growth was the most pronounced in November 2021 when the average export price increased by 131% month-to-month. The export price peaked at $17,044 per ton in March 2021; however, from April 2021 to December 2021, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2021, the country with the highest price was Germany ($20,796 per ton), while the average price for exports to the Netherlands ($6,970 per ton) was amongst the lowest.
From January 2021 to December 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Meal; Fit for Human Consumption in Denmark
For the fourth year in a row, Denmark recorded growth in overseas purchases of fish meal; fit for human consumptia, which increased by 8.3% to 146 tons in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 5,882%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, imports of fish meal; fit for human consumptia rose to $1.2M in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 3,561%. As a result, imports attained the peak of $1.2M; afterwards, it flattened through to 2022.
| Import of Fish Meal; Fit for Human Consumption in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 20.3 | 1,227 | 1,141 | 1,182 | 287.6% |
| Others | 13.7 | 15.5 | 20.1 | 20.0 | 13.4% |
| Total | 33.9 | 1,243 | 1,161 | 1,202 | 228.5% |
Top Suppliers of Fish Meal; Fit for Human Consumption to Denmark in 2022:
- Norway (144.6 tons)
Exports of Fish Meal; Fit for Human Consumption in Denmark
In 2022, shipments abroad of fish meal; fit for human consumptia decreased by -3.1% to 123 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 616% against the previous year.
In value terms, exports of fish meal; fit for human consumptia expanded sharply to $1.1M in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 485%. As a result, the exports reached the peak of $1.2M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
| Export of Fish Meal; Fit for Human Consumption in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 5.0 | 8.5 | 221 | 397 | 329.8% |
| United Kingdom | 24.3 | 114 | 105 | 188 | 97.8% |
| France | 15.4 | 230 | 83.1 | 180 | 126.9% |
| Portugal | 0.1 | 174 | 64.6 | 131 | 994.2% |
| Germany | 10.2 | 95.4 | 67.1 | 121 | 128.1% |
| Italy | 58.9 | 61.0 | 42.7 | 89.2 | 14.8% |
| Norway | 29.3 | 0.2 | 0.1 | 15.8 | -18.6% |
| Spain | N/A | 229 | 110 | N/A | -52.0% |
| Belgium | N/A | 203 | 368 | N/A | 81.3% |
| Others | 63.2 | 92.9 | 21.2 | 22.7 | -28.9% |
| Total | 206 | 1,207 | 1,081 | 1,144 | 77.1% |
Top Export Markets for Fish Meal; Fit for Human Consumption from Denmark in 2022:
- Netherlands (57.9 tons)
- United Kingdom (19.8 tons)
- France (19.1 tons)
- Portugal (11.0 tons)
- Italy (7.1 tons)
- Germany (4.5 tons)
- Norway (2.4 tons)
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