Denmark: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Denmark

The Danish market for frozen, dried and smoked fish was finally on the rise to reach $X in 2022, after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Frozen, dried and smoked fish consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Frozen, Dried And Smoked Fish in Denmark

In value terms, frozen, dried and smoked fish production soared to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Frozen, Dried And Smoked Fish

Exports from Denmark

In 2022, shipments abroad of frozen, dried and smoked fish decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped in the following year.

In value terms, frozen, dried and smoked fish exports rose rapidly to $X in 2022. In general, total exports indicated a prominent 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, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

China (X tons) was the main destination for frozen, dried and smoked fish exports from Denmark, accounting for a X% share of total exports. Moreover, frozen, dried and smoked fish exports to China exceeded the volume sent to the second major destination, Poland (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (X% per year).

In value terms, the largest markets for frozen, dried and smoked fish exported from Denmark were China ($X), Germany ($X) and Italy ($X), with a combined X% share of total exports. Poland, France, Sweden, Spain, the Netherlands, Portugal, Taiwan (Chinese), Norway, Albania and Russia lagged somewhat behind, together accounting for a further X%.

Albania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for frozen, dried and smoked fish stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Imports of Frozen, Dried And Smoked Fish

Imports into Denmark

After two years of growth, purchases abroad of frozen, dried and smoked fish decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then fell in the following year.

In value terms, frozen, dried and smoked fish imports rose rapidly to $X in 2022. Overall, total imports indicated a remarkable 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, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Greenland (X tons) constituted the largest supplier of frozen, dried and smoked fish to Denmark, with a X% share of total imports. Moreover, frozen, dried and smoked fish imports from Greenland exceeded the figures recorded by the second-largest supplier, Faroe Islands (X tons), fivefold. Norway (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Greenland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Faroe Islands (X% per year) and Norway (X% per year).

In value terms, Greenland ($X) constituted the largest supplier of frozen, dried and smoked fish to Denmark, comprising X% of total imports. The second position in the ranking was taken by Faroe Islands ($X), with a X% share of total imports. It was followed by Norway, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Greenland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Faroe Islands (X% per year) and Norway (X% per year).

Import Prices by Country

In 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Faroe Islands ($X per ton), while the price for the UK ($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

Frequently Asked Questions (FAQ) :