Denmark: Preserved Sardines Market 2024

Preserved Sardines Market Size in Denmark

The Danish preserved sardines market soared to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a mild contraction. Preserved sardines consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Preserved Sardines Production in Denmark

In value terms, preserved sardines production surged to $X in 2022 estimated in export price. In general, the total production indicated a pronounced 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Preserved Sardines Exports

Exports from Denmark

In 2022, shipments abroad of sardines (prepared or preserved) decreased by X% to X tons, falling for the third year in a row after four years of growth. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, preserved sardines exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) was the main destination for preserved sardines exports from Denmark, accounting for a X% share of total exports. Moreover, preserved sardines exports to Sweden exceeded the volume sent to the second major destination, Norway (X tons), more than tenfold. France (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 Sweden totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (X% per year) and France (X% per year).

In value terms, Sweden ($X) emerged as the key foreign market for sardines (prepared or preserved) exports from Denmark, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with an X% share of total exports. It was followed by Faroe Islands, with a X% share.

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

Export Prices by Country

The average preserved sardines export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price, however, showed a pronounced reduction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Preserved Sardines Imports

Imports into Denmark

Preserved sardines imports into Denmark soared to X tons in 2022, growing by X% on 2021 figures. In general, imports, however, recorded a deep slump. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved sardines imports surged to $X in 2022. Overall, imports, however, showed a deep setback. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

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

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

In value terms, Morocco ($X), Latvia ($X) and Portugal ($X) were the largest preserved sardines suppliers to Denmark, together accounting for X% of total imports.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved sardines import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The import price peaked at $X per ton in 2021, and then contracted dramatically in the following year.

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 Norway ($X per ton), while the price for Poland ($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 UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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