Denmark: Preserved Herring Market 2024

Preserved Herring Market Size in Denmark

The Danish preserved herring market rose rapidly to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption posted a buoyant expansion. Preserved herring consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Preserved Herring Production in Denmark

In value terms, preserved herring production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

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Preserved Herring Exports

Exports from Denmark

In 2022, the amount of herrings (prepared or preserved) exported from Denmark shrank to X tons, which is down by X% on 2021 figures. In general, exports, however, showed mild growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, preserved herring exports shrank to $X in 2022. Over the period under review, exports recorded a perceptible contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of preserved herring exports from Denmark, with a combined X% share of total exports. Austria, the UK, the Czech Republic and Sweden lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved herring exported from Denmark were Poland ($X), Germany ($X) and the Netherlands ($X), together accounting for X% of total exports. The UK, Austria, the Czech Republic and Sweden lagged somewhat behind, together accounting for a further X%.

The Czech Republic, 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

In 2022, the average preserved herring export price amounted to $X per ton, flattening at the previous year. Overall, the export price continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2016 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 the UK ($X per ton), while the average price for exports to Sweden ($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 the UK (X%), while the prices for the other major destinations experienced a decline.

Preserved Herring Imports

Imports into Denmark

In 2022, overseas purchases of herrings (prepared or preserved) increased by X% to X tons, rising for the second year in a row after five years of decline. Overall, imports, however, saw a noticeable slump. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, preserved herring imports reduced to $X in 2022. Over the period under review, imports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Norway (X tons) constituted the largest preserved herring supplier to Denmark, with a X% share of total imports. Moreover, preserved herring imports from Norway exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was taken by Finland (X tons), with an X% share.

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

In value terms, Norway ($X), Sweden ($X) and Finland ($X) constituted the largest preserved herring suppliers to Denmark, with a combined X% share of total imports. Latvia, Germany, Poland and Iceland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Latvia, 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

The average preserved herring import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price saw a noticeable curtailment. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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