Denmark: Market for Dried Or Smoked Fish 2025

Market Size for Dried Or Smoked Fish in Denmark

After three years of decline, the Danish dried or smoked fish market increased by 53% to $X in 2021. Over the period under review, consumption showed a buoyant expansion. Dried or smoked fish consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Dried Or Smoked Fish in Denmark

In value terms, dried or smoked fish production stood at $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 17%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Dried Or Smoked Fish

Exports from Denmark

In 2021, approx. X tons of dried or smoked fish were exported from Denmark; flattening at 2020 figures. The total export volume increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 29%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, dried or smoked fish exports reached $X in 2021. The total export value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when exports increased by 18% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons), Germany (X tons) and Spain (X tons) were the main destinations of dried or smoked fish exports from Denmark, with a combined 50% share of total exports. These countries were followed by the Netherlands, Portugal, Poland, Australia and Switzerland, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +28.2%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Australia ($X) were the largest markets for dried or smoked fish exported from Denmark worldwide, together comprising 56% of total exports. Spain, the Netherlands, Portugal, Switzerland and Poland lagged somewhat behind, together comprising a further 26%.

In terms of the main countries of destination, Portugal, with a CAGR of +22.6%, 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

In 2021, the average dried or smoked fish export price amounted to $X per ton, rising by 2.2% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 10%. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Australia ($X per ton), while the average price for exports to Poland ($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 the Netherlands (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports into Denmark

In 2021, supplies from abroad of dried or smoked fish increased by 0.3% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 89% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, dried or smoked fish imports expanded markedly to $X in 2021. Over the period under review, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +89.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 80%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Faroe Islands (X tons), Norway (X tons) and Greenland (X tons) were the main suppliers of dried or smoked fish imports to Denmark, together comprising 82% of total imports.

From 2012 to 2021, the biggest increases were recorded for Greenland (with a CAGR of +25.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dried or smoked fish suppliers to Denmark were Faroe Islands ($X), Norway ($X) and Greenland ($X), with a combined 75% share of total imports.

Greenland, with a CAGR of +35.2%, saw the highest rates of growth with regard to 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 dried or smoked fish import price stood at $X per ton in 2021, rising by 5.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2019 an increase of 13%. 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 Latvia ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Greenland (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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