Denmark: Frozen Fish Market 2024

Frozen Fish Market Size in Denmark

The Danish frozen fish market surged to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Frozen Fish Production in Denmark

In value terms, frozen fish production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, production attained the maximum level in 2022 and is expected to retain growth in the near future.

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Frozen Fish Exports

Exports from Denmark

After two years of growth, shipments abroad of frozen fish decreased by X% to X tons in 2022. Overall, total exports indicated a resilient increase from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, frozen fish exports expanded remarkably to $X in 2022. Over the period under review, exports, however, recorded buoyant growth. 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 reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons), Poland (X tons) and Germany (X tons) were the main destinations of frozen fish exports from Denmark, with a combined X% share of total exports. Norway, France, the Netherlands, Taiwan (Chinese), Italy, Spain, Sweden, Portugal, Israel and Vietnam lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

The average frozen fish export price stood at $X per ton in 2022, surging by X% against the previous year. Over the last decade, 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the average price for exports to Norway ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Denmark

In 2022, after two years of growth, there was decline in supplies from abroad of frozen fish, when their volume decreased by X% to X tons. 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 throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, frozen fish imports rose significantly to $X in 2022. In general, total imports indicated a strong 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 was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Greenland (X tons) constituted the largest frozen fish supplier to Denmark, accounting for a X% share of total imports. Moreover, frozen fish imports from Greenland exceeded the figures recorded by the second-largest supplier, Faroe Islands (X tons), fourfold. Sweden (X tons) ranked third in terms of total imports with an X% share.

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

In value terms, the largest frozen fish suppliers to Denmark were Greenland ($X), Faroe Islands ($X) and Sweden ($X), with a combined X% share of total imports.

In terms of the main suppliers, Sweden, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average frozen fish import price amounted to $X per ton, growing 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, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: 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

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