Denmark: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in Denmark

In 2021, after six years of growth, there was significant decline in the Danish caviar (sturgeon) market, when its value decreased by -98.6% to $X. Overall, consumption recorded a sharp curtailment. Caviar (sturgeon) consumption peaked at $X in 2020, and then dropped sharply in the following year.

Caviar (Sturgeon) Production in Denmark

In value terms, caviar (sturgeon) production shrank sharply to $X in 2021 estimated in export price. Over the period under review, production showed a dramatic setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 29%. Over the period under review, production attained the peak level at $X in 2020, and then fell sharply in the following year.

Caviar (Sturgeon) Exports

Exports from Denmark

Caviar (sturgeon) exports from Denmark fell significantly to X tons in 2021, reducing by -32.2% on 2020 figures. In general, exports showed a sharp decline. The most prominent rate of growth was recorded in 2014 when exports increased by 150%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, caviar (sturgeon) exports declined markedly to $X in 2021. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 213% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X tons) was the main destination for caviar (sturgeon) exports from Denmark, with a 52% share of total exports. Moreover, caviar (sturgeon) exports to Norway exceeded the volume sent to the second major destination, Switzerland (X tons), threefold. The third position in this ranking was held by Italy (X tons), with a 16% share.

From 2012 to 2021, the average annual growth rate of volume to Norway stood at +104.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+26.2% per year) and Italy (-15.5% per year).

In value terms, the largest markets for caviar (sturgeon) exported from Denmark were Norway ($X), Switzerland ($X) and Italy ($X), with a combined 79% share of total exports. These countries were followed by Canada, Greece, Iceland, Sweden, the UK and Germany, which together accounted for a further 13%.

Among the main countries of destination, Iceland, with a CAGR of +131.3%, 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 caviar (sturgeon) export price stood at $X per ton in 2021, with a decrease of -23.5% against the previous year. Overall, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 371% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank sharply in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+42.2%), while the prices for the other major destinations experienced more modest paces of growth.

Caviar (Sturgeon) Imports

Imports into Denmark

In 2021, overseas purchases of caviar (sturgeon) were finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a pronounced setback. The pace of growth was the most pronounced in 2016 with an increase of 217% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, caviar (sturgeon) imports skyrocketed to $X in 2021. Overall, imports showed strong growth. The growth pace was the most rapid in 2016 with an increase of 1,585% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest caviar (sturgeon) supplier to Denmark, with a 67% share of total imports. Moreover, caviar (sturgeon) imports from France exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from France totaled +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+42.2% per year) and Germany (+12.2% per year).

In value terms, France ($X) constituted the largest supplier of caviar (sturgeon) to Denmark, comprising 76% of total imports. The second position in the ranking was taken by Italy ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from France amounted to +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+32.9% per year) and Germany (-7.5% per year).

Import Prices by Country

In 2021, the average caviar (sturgeon) import price amounted to $X per ton, with an increase of 17% against the previous year. In general, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 432% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+14.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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