Denmark: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Denmark

In 2022, the Danish frozen crustaceans market was finally on the rise to reach $X after two years of decline. In general, consumption showed a relatively flat trend pattern. Frozen crustaceans consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Frozen Crustaceans Production in Denmark

In value terms, frozen crustaceans production declined slightly to $X in 2022 estimated in export price. Overall, production saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of X%. Frozen crustaceans production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Frozen Crustaceans Exports

Exports from Denmark

In 2022, after three years of growth, there was decline in overseas shipments of frozen crustaceans, when their volume decreased by X% to X tons. 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted modestly in the following year.

In value terms, frozen crustaceans exports rose remarkably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for frozen crustaceans exports from Denmark, accounting for a X% share of total exports. Moreover, frozen crustaceans exports to China exceeded the volume sent to the second major destination, Sweden (X tons), fourfold. The third position in this ranking was taken by Albania (X tons), with a X% share.

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

In value terms, China ($X) remains the key foreign market for frozen crustaceans exports from Denmark, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Sweden, with an X% share.

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

Export Prices by Country

The average frozen crustaceans export price 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%. The export price peaked at $X per ton in 2018; however, from 2019 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 Italy ($X per ton), while the average price for exports to Poland ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports into Denmark

In 2022, purchases abroad of frozen crustaceans increased by X% to X tons, rising for the third consecutive year after two years of decline. The total import 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 most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, frozen crustaceans imports rose remarkably to $X in 2022. Over the period under review, total imports indicated prominent growth 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 2015 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Greenland (X tons) constituted the largest frozen crustaceans supplier to Denmark, with a X% share of total imports. Moreover, frozen crustaceans imports from Greenland exceeded the figures recorded by the second-largest supplier, Canada (X tons), tenfold. The third position in this ranking was taken by Germany (X tons), with a X% share.

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

In value terms, Greenland ($X) constituted the largest supplier of frozen crustaceans to Denmark, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with an 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: Canada (X% per year) and Norway (X% per year).

Import Prices by Country

In 2022, the average frozen crustaceans import price amounted to $X per ton, increasing 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. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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 ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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