Denmark: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Denmark

The Danish frozen cuttlefishes market declined to $X in 2022, waning by X% against the previous year. In general, the total consumption indicated a buoyant expansion 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 2017 indices. Frozen cuttlefishes consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Frozen Cuttlefishes Production in Denmark

In value terms, frozen cuttlefishes production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Frozen Cuttlefishes Exports

Exports from Denmark

For the third year in a row, Denmark recorded growth in shipments abroad of frozen cuttlefishes, which increased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a significant contraction. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, frozen cuttlefishes exports soared to $X in 2022. In general, exports, however, continue to indicate a precipitous descent. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Greenland (X tons) was the main destination for frozen cuttlefishes exports from Denmark, with a X% share of total exports. Moreover, frozen cuttlefishes exports to Greenland exceeded the volume sent to the second major destination, Norway (X tons), twofold. Sweden (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, Greenland ($X) emerged as the key foreign market for frozen cuttlefishes exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports. It was followed by Norway, with a X% share.

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

Export Prices by Country

The average frozen cuttlefishes export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price showed a perceptible slump. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

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

Frozen Cuttlefishes Imports

Imports into Denmark

In 2022, supplies from abroad of frozen cuttlefishes decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, frozen cuttlefishes imports declined significantly to $X in 2022. Over the period under review, imports recorded a sharp reduction. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Latvia (X tons) and Belgium (X tons) were the main suppliers of frozen cuttlefishes imports to Denmark, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest frozen cuttlefishes suppliers to Denmark were the Netherlands ($X), Latvia ($X) and Italy ($X), with a combined X% share of total imports.

Latvia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average frozen cuttlefishes import price amounted to $X per ton, leveling off at the previous year. Over the period under review, import price indicated perceptible growth 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, frozen cuttlefishes import price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

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 Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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