Denmark: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Denmark

The Danish battered fish fillet market skyrocketed to $X in 2021, jumping by 34% against the previous year. In general, consumption showed a resilient increase. Over the period under review, the market attained the maximum level in 2021 and is expected to retain growth in the immediate term.

Battered Fish Fillet Production in Denmark

In value terms, battered fish fillet production surged to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 21% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Battered Fish Fillet Exports

Exports from Denmark

In 2021, approx. X tons of fish fillets in batter or breadcrumbs were exported from Denmark; surging by 7.1% against 2020. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 14%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, battered fish fillet exports rose significantly to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 17% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

France (X tons), Poland (X tons) and Germany (X tons) were the main destinations of battered fish fillet exports from Denmark, together comprising 66% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +40.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from Denmark, comprising 36% of total exports. The second position in the ranking was taken by Germany ($X), with a 15% share of total exports. It was followed by Poland, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France amounted to +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.1% per year) and Poland (+40.4% per year).

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, rising by 5.6% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 6.2% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Poland ($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 Sweden (+3.4%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into Denmark

In 2021, the amount of fish fillets in batter or breadcrumbs imported into Denmark stood at X tons, increasing by 11% compared with the year before. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +67.6% against 2015 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 16%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, battered fish fillet imports expanded markedly to $X in 2021. Over the period under review, imports showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 31%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of battered fish fillet to Denmark, with a 51% share of total imports. Moreover, battered fish fillet imports from Poland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Sweden (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Poland totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+7.7% per year) and Sweden (+12.8% per year).

In value terms, Poland ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Denmark, comprising 51% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 24% share of total imports. It was followed by Sweden, with a 9.5% share.

From 2012 to 2021, the average annual growth rate of value from Poland totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+11.6% per year) and Sweden (+9.7% per year).

Import Prices by Country

The average battered fish fillet import price stood at $X per ton in 2021, with an increase of 1.9% against the previous year. In general, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, battered fish fillet import price decreased by -0.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 21%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Iceland ($X per ton) and Poland ($X per ton), while the price for Sweden ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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