Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Denmark - 2023

Contents:

1. Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Denmark (FOB) - 2023
2. Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Denmark (CIF) - 2023
3. Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Denmark
4. Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Denmark

Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Denmark (FOB) - 2023

The average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $7,273 per ton in September 2023, growing by 14% against the previous month. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $7,857 per ton in April 2023; however, from May 2023 to September 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In September 2023, the countries with the highest prices were Switzerland ($7,374 per ton) and Iceland ($7,008 per ton), while the average price for exports to Greenland ($5,853 per ton) and Azerbaijan ($6,252 per ton) were amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Denmark (CIF) - 2023

The average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $4,531 per ton in September 2023, falling by -9.7% against the previous month. In general, the import price showed a pronounced decrease. The most prominent rate of growth was recorded in March 2023 an increase of 29% m-o-m. The import price peaked at $7,063 per ton in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Vietnam ($8,140 per ton), while the price for Thailand ($5,893 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Denmark

In 2022, approx. 1K tons of mollusc preparations; cuttle fish and squid, prepared or preserveds were exported from Denmark; growing by 6.1% on the previous year's figure. The total export volume increased at an average annual rate of +6.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 26%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds expanded to $6.7M in 2022. The total export value increased at an average annual rate of +6.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 25%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in years to come.

Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from Denmark in 2022:

1. Germany (421.1 tons)
2. Austria (101.5 tons)
3. Netherlands (92.8 tons)
4. Sweden (63.4 tons)
5. Belgium (61.0 tons)
6. Romania (52.6 tons)
7. Italy (44.0 tons)
8. Poland (30.2 tons)
9. Norway (29.8 tons)
10. Latvia (24.1 tons)
11. Lithuania (12.0 tons)

Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Denmark

Imports of mollusc preparations; cuttle fish and squid, prepared or preserveds into Denmark contracted to 752 tons in 2022, declining by -6% on the previous year. The total import volume increased at an average annual rate of +1.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports reached the peak of 800 tons, and then contracted in the following year.

In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds reached $3.8M in 2022. The total import value increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Denmark in 2022:

1. Spain (366.4 tons)
2. Vietnam (282.7 tons)
3. Peru (20.5 tons)
4. Germany (17.0 tons)
5. Poland (16.9 tons)
6. Portugal (8.6 tons)
7. Thailand (4.5 tons)

Source: IndexBox Market Intelligence Platform