Denmark: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Denmark

For the third consecutive year, the Danish frozen atlantic halibut market recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, consumption recorded resilient growth. The pace of growth appeared the most rapid in 2019 with an increase of X% year-to-year. Frozen atlantic halibut consumption peaked in 2020 and is expected to retain growth in years to come.

Frozen Atlantic Halibut Production in Denmark

In value terms, frozen atlantic halibut production stood at $X in 2020 estimated in export prices. Over the period under review, production continues to indicate a relatively flat trend pattern. Over the period under review, production attained the peak level in 2020 and is expected to retain growth in the near future.

Frozen Atlantic Halibut Exports

Exports from Denmark

In 2020, the amount of frozen atlantic halibut exported from Denmark was estimated at X tons, remaining relatively unchanged against the year before. Overall, exports enjoyed buoyant growth. Over the period under review, exports attained the maximum in 2020 and are expected to retain growth in the immediate term.

In value terms, frozen atlantic halibut exports stood at $X in 2020. Over the period under review, exports recorded a strong increase. Exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for frozen atlantic halibut exports from Denmark, with a X% share of total exports. Moreover, frozen atlantic halibut exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), sevenfold. The third position in this ranking was occupied by Germany (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Germany (+X% per year).

It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the average frozen atlantic halibut export price amounted to $X per ton, approximately mirroring the previous year. In general, the export price showed a relatively flat trend pattern. Over the period under review, average export prices reached the peak figure in 2020 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2020, the highest prices were recorded for prices to Germany ($X per ton) and Taiwan (Chinese) ($X per ton), while the average price for exports to China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Atlantic Halibut Imports

Imports into Denmark

In 2020, overseas purchases of frozen atlantic halibut decreased by -X% to X tons for the first time since 2017, thus ending a two-year rising trend. Overall, total imports indicated a pronounced increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2016 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2019, and then reduced in the following year.

In value terms, frozen atlantic halibut imports fell remarkably to $X in 2020. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of X% year-to-year. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

In 2020, Greenland (X tons) constituted the largest supplier of frozen atlantic halibut to Denmark, accounting for a X% share of total imports. Moreover, frozen atlantic halibut imports from Greenland exceeded the figures recorded by the second-largest supplier, Canada (X tons), fivefold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Greenland stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Faroe Islands (+X% per year).

In value terms, Greenland ($X) constituted the largest supplier of frozen atlantic halibut to Denmark, comprising X% of total imports. The second position in the ranking was occupied by Canada ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Greenland amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+X% per year) and Faroe Islands (+X% per year).

Import Prices by Country

The average frozen atlantic halibut import price stood at $X per ton in 2020, reducing by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019, and then shrank modestly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2020, the country with the highest price was Faroe Islands ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Faroe Islands, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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