Denmark: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Denmark

The Danish market for frozen, dried and smoked fish soared to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Frozen, dried and smoked fish consumption peaked in 2022 and is likely to see steady growth in the near future.

Production of Frozen, Dried And Smoked Fish in Denmark

In value terms, frozen, dried and smoked fish production surged to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Frozen, Dried And Smoked Fish

Exports from Denmark

After two years of growth, overseas shipments of frozen, dried and smoked fish decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, frozen, dried and smoked fish exports expanded markedly to $X in 2022. In general, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

China (X tons) was the main destination for frozen, dried and smoked fish exports from Denmark, with a X% share of total exports. Moreover, frozen, dried and smoked fish exports to China exceeded the volume sent to the second major destination, Poland (X tons), twofold. Germany (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (X% per year).

In value terms, China ($X), Germany ($X) and Italy ($X) were the largest markets for frozen, dried and smoked fish exported from Denmark worldwide, together accounting for X% of total exports. Poland, France, Sweden, Spain, the Netherlands, Portugal, Taiwan (Chinese), Norway, Albania and Russia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Albania, with a CAGR of X%, 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

The average export price for frozen, dried and smoked fish stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Imports of Frozen, Dried And Smoked Fish

Imports into Denmark

In 2022, after two years of growth, there was decline in overseas purchases of frozen, dried and smoked fish, when their volume decreased by X% to X tons. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by X%. Imports peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, frozen, dried and smoked fish imports expanded rapidly to $X in 2022. Overall, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Greenland (X tons) constituted the largest frozen, dried and smoked fish supplier to Denmark, accounting for a X% share of total imports. Moreover, frozen, dried and smoked fish imports from Greenland exceeded the figures recorded by the second-largest supplier, Faroe Islands (X tons), fivefold. The third position in this ranking was held by Norway (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Greenland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Faroe Islands (X% per year) and Norway (X% per year).

In value terms, Greenland ($X) constituted the largest supplier of frozen, dried and smoked fish to Denmark, comprising X% of total imports. The second position in the ranking was held by Faroe Islands ($X), with a X% share of total imports. It was followed by Norway, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Greenland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Faroe Islands (X% per year) and Norway (X% per year).

Import Prices by Country

In 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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