Denmark: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Denmark

In 2021, the Danish seafood meals and pellets market decreased by -23.7% to $X, falling for the second year in a row after two years of growth. In general, consumption faced a abrupt curtailment. Seafood meals and pellets consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Denmark

In value terms, seafood meals and pellets production reduced to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 34% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Denmark

In 2021, approx. X tons of flours, meals and pellets of fish or of crustaceans and molluscs were exported from Denmark; flattening at 2020 figures. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 45%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, seafood meals and pellets exports expanded significantly to $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 26%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for seafood meals and pellets exports from Denmark, with a 40% share of total exports. Moreover, seafood meals and pellets exports to Norway exceeded the volume sent to the second major destination, the UK (X tons), fivefold. The third position in this ranking was held by China (X tons), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+8.1% per year) and China (+9.7% per year).

In value terms, Norway ($X) remains the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Denmark, comprising 41% of total exports. The second position in the ranking was held by the UK ($X), with an 8.4% share of total exports. It was followed by Canada, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to Norway totaled +6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+10.6% per year) and Canada (+8.2% per year).

Export Prices by Country

The average seafood meals and pellets export price stood at $X per ton in 2021, with an increase of 9.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2013 an increase of 18% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were France ($X per ton) and Canada ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Denmark

In 2021, imports of flours, meals and pellets of fish or of crustaceans and molluscs into Denmark expanded significantly to X tons, with an increase of 6.4% on 2020 figures. In general, imports, however, showed a deep setback. The growth pace was the most rapid in 2018 when imports increased by 45%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, seafood meals and pellets imports rose remarkably to $X in 2021. Overall, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 79% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Norway (X tons), Iceland (X tons) and Faroe Islands (X tons) were the main suppliers of seafood meals and pellets imports to Denmark, together comprising 60% of total imports. These countries were followed by South Africa, Germany, the United States and Chile, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +421.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Iceland ($X) and Faroe Islands ($X) appeared to be the largest seafood meals and pellets suppliers to Denmark, together comprising 59% of total imports. These countries were followed by South Africa, Germany, the United States and Chile, which together accounted for a further 26%.

In terms of the main suppliers, the United States, with a CAGR of +287.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2021, surging by 3.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2018 an increase of 23% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Norway ($X per ton) and Chile ($X per ton), while the price for the United States ($X per ton) and Faroe Islands ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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