Denmark: Market for Fresh Or Chilled Anchovies 2024

Market Size for Fresh Or Chilled Anchovies in Denmark

After two years of growth, the Danish fresh or chilled anchovies market decreased by X% to $X in 2022. Over the period under review, consumption saw a buoyant increase. Fresh or chilled anchovies consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Anchovies in Denmark

In value terms, fresh or chilled anchovies production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X,100% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Exports of Fresh Or Chilled Anchovies

Exports from Denmark

Fresh or chilled anchovies exports from Denmark contracted rapidly to X tons in 2022, which is down by X% against the previous year. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, fresh or chilled anchovies exports reduced rapidly to $X in 2022. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Norway (X kg) was the main destination for fresh or chilled anchovies exports from Denmark, accounting for a X% share of total exports. Moreover, fresh or chilled anchovies exports to Norway exceeded the volume sent to the second major destination, Italy (X kg), threefold. The third position in this ranking was held by Sweden (X kg), with a X% share.

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

In value terms, Norway ($X) remains the key foreign market for fresh or chilled anchovieses exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

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

Export Prices by Country

In 2022, the average fresh or chilled anchovies export price amounted to $X per ton, flattening at the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price 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, fresh or chilled anchovies export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to France ($X per ton) and Italy ($X per ton), while the average price for exports to Sweden ($X per ton) and Norway ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Anchovies

Imports into Denmark

In 2022, supplies from abroad of fresh or chilled anchovieses increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled anchovies imports dropped markedly to $X in 2022. Over the period under review, imports posted a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) was the main fresh or chilled anchovies supplier to Denmark, accounting for a X% share of total imports. Moreover, fresh or chilled anchovies imports from Italy exceeded the figures recorded by the second-largest supplier, Spain (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Portugal (X% per year).

In value terms, Italy ($X) constituted the largest supplier of fresh or chilled anchovieses to Denmark, comprising X% of total imports. The second position in the ranking was taken by Portugal ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Spain (X% per year).

Import Prices by Country

The average fresh or chilled anchovies import price stood at $X per ton in 2022, with a decrease of X% against the previous year. In general, the import price, however, saw a significant increase. The growth pace was the most rapid in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

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 Portugal ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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