Denmark: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2025

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Denmark

In 2021, the Danish meat and fish extracts market increased by 15% to $X, rising for the second year in a row after six years of decline. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.5% against 2019 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Denmark

In value terms, meat and fish extracts production soared to $X in 2021 estimated in export price. In general, production enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 362% against the previous year. Meat and fish extracts production peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports from Denmark

In 2021, approx. X tons of extracts and juices of meat, fish, crustaceans and molluscs were exported from Denmark; rising by 243% compared with 2020. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, meat and fish extracts exports skyrocketed to $X in 2021. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), the Netherlands (X tons) and Spain (X tons) were the main destinations of meat and fish extracts exports from Denmark, with a combined 53% share of total exports. Argentina, Belgium, Canada, Japan and Italy lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +1,377.9%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Spain ($X) constituted the largest markets for meat and fish extracts exported from Denmark worldwide, with a combined 56% share of total exports. These countries were followed by Belgium, Canada, Italy, Argentina and Japan, which together accounted for a further 28%.

Italy, with a CAGR of +1,190.9%, 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 2021, the average meat and fish extracts export price amounted to $X per ton, which is down by -23.6% against the previous year. Overall, the export price, however, posted a prominent increase. The pace of growth appeared the most rapid in 2020 an increase of 77%. As a result, the export price reached the peak level of $X per ton, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Argentina ($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 (+16.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports into Denmark

In 2021, imports of extracts and juices of meat, fish, crustaceans and molluscs into Denmark plummeted to X tons, reducing by -22.8% against the year before. In general, imports showed a deep contraction. The growth pace was the most rapid in 2014 with an increase of 84%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, meat and fish extracts imports shrank significantly to $X in 2021. Over the period under review, imports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2016 when imports increased by 149%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of meat and fish extracts to Denmark, accounting for a 43% share of total imports. Moreover, meat and fish extracts imports from France exceeded the figures recorded by the second-largest supplier, Sweden (X tons), threefold. The third position in this ranking was taken by Norway (X tons), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from France amounted to +25.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+26.4% per year) and Norway (-27.5% per year).

In value terms, the largest meat and fish extracts suppliers to Denmark were France ($X), Norway ($X) and Sweden ($X), with a combined 86% share of total imports. These countries were followed by Thailand, Poland and China, which together accounted for a further 12%.

Poland, with a CAGR of +124.0%, 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 meat and fish extracts import price stood at $X per ton in 2021, dropping by -6.9% against the previous year. Overall, the import price, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 120% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+28.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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