Denmark: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Denmark

In 2022, the Danish market for fresh or chilled salmonoids meat decreased by -76.1% to $X, falling for the fourth consecutive year after three years of growth. Over the period under review, consumption continues to indicate a drastic downturn. Fresh or chilled salmonoids meat consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Salmonoids Meat in Denmark

In value terms, fresh or chilled salmonoids meat production amounted to less than $X in 2022 estimated in export price. Overall, production, however, recorded a deep downturn. The growth pace was the most rapid in 2018 with a decrease of -6.4% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Fresh Or Chilled Salmonoids Meat

Exports from Denmark

In 2022, overseas shipments of fresh or chilled salmonoids meat increased by 417% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2020 when exports increased by 2,229%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, fresh or chilled salmonoids meat exports surged to $X in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 849%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for fresh or chilled salmonoids meat exports from Denmark, accounting for a 59% share of total exports. Moreover, fresh or chilled salmonoids meat exports to the United States exceeded the volume sent to the second major destination, Sweden (X tons), twofold. The third position in this ranking was taken by Norway (X tons), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+58.6% per year) and Norway (+81.5% per year).

In value terms, Sweden ($X) emerged as the key foreign market for fresh or chilled salmonoids meat exports from Denmark, comprising 75% of total exports. The second position in the ranking was held by Norway ($X), with a 12% share of total exports. It was followed by Italy, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to +68.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Norway (+55.0% per year) and Italy (+8.6% per year).

Export Prices by Country

The average export price for fresh or chilled salmonoids meat stood at $X per ton in 2022, dropping by -58.4% against the previous year. Over the period under review, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 546%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to the United States ($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 France (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fresh Or Chilled Salmonoids Meat

Imports into Denmark

In 2022, imports of fresh or chilled salmonoids meat into Denmark soared to X tons, jumping by 23% on the year before. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 1,671% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, fresh or chilled salmonoids meat imports expanded to $X in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 962%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Norway (X tons), the Netherlands (X tons) and France (X tons) were the main suppliers of fresh or chilled salmonoids meat imports to Denmark, together comprising 92% of total imports. Poland, Faroe Islands and Spain lagged somewhat behind, together comprising a further 5.8%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +140.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Norway ($X) and Poland ($X) appeared to be the largest fresh or chilled salmonoids meat suppliers to Denmark, with a combined 94% share of total imports.

Among the main suppliers, Poland, with a CAGR of +107.5%, saw 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 import price for fresh or chilled salmonoids meat stood at $X per ton in 2022, which is down by -16% against the previous year. In general, the import price saw a deep contraction. The growth pace was the most rapid in 2019 when the average import price increased by 362% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+207.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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