Denmark: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Denmark

The Danish preserved anchovies market rose to $X in 2022, picking up by X% against the previous year. Overall, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Preserved Anchovies Production in Denmark

In value terms, preserved anchovies production rose slightly to $X in 2022 estimated in export price. Overall, production showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Preserved Anchovies Exports

Exports from Denmark

After four years of decline, overseas shipments of anchovies (prepared or preserved) increased by X% to X tons in 2022. Overall, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, preserved anchovies exports soared to $X in 2022. In general, exports posted a slight increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for preserved anchovies exports from Denmark, accounting for a X% share of total exports. Moreover, preserved anchovies exports to Norway exceeded the volume sent to the second major destination, Iceland (X kg), sixfold. The third position in this ranking was taken by Sweden (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Sweden (X% per year).

In value terms, Norway ($X) remains the key foreign market for anchovies (prepared or preserved) exports from Denmark, comprising X% of total exports. The second position in the ranking was held by Iceland ($X), with a X% share of total exports. It was followed by Faroe Islands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Norway totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (X% per year) and Faroe Islands (X% per year).

Export Prices by Country

In 2022, the average preserved anchovies export price amounted to $X per ton, growing by X% against the previous year. Overall, the export price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Faroe Islands ($X per ton), while the average price for exports to Italy ($X 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 Norway (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Anchovies Imports

Imports into Denmark

In 2022, supplies from abroad of anchovies (prepared or preserved) increased by X% to X tons, rising for the third year in a row after four years of decline. Over the period under review, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, preserved anchovies imports surged to $X in 2022. In general, imports continue to indicate a perceptible increase. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), Spain (X tons) and France (X tons) were the main suppliers of preserved anchovies imports to Denmark, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and France ($X) were the largest preserved anchovies suppliers to Denmark, with a combined X% share of total imports.

In terms of the main suppliers, France, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved anchovies import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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