Denmark: Frozen Fish Fillet Market 2025

Frozen Fish Fillet Market Size in Denmark

The Danish frozen fish fillet market dropped notably to $X in 2022, which is down by -19.2% against the previous year. Overall, consumption recorded a deep setback. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Frozen Fish Fillet Production in Denmark

In value terms, frozen fish fillet production soared to $X in 2022 estimated in export price. In general, production, however, showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 122% against the previous year. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Frozen Fish Fillet Exports

Exports from Denmark

In 2022, shipments abroad of frozen fish fillet decreased by -5.2% to X tons, falling for the second year in a row after three years of growth. In general, exports, however, posted strong growth. The pace of growth was the most pronounced in 2020 with an increase of 69%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen fish fillet exports soared to $X in 2022. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 65%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons), Italy (X tons) and Poland (X tons) were the main destinations of frozen fish fillet exports from Denmark, with a combined 38% share of total exports. France, Israel, Sweden, Spain, Portugal, the Netherlands, the United States, Belgium, Australia and the Czech Republic lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +101.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fish fillet exported from Denmark were Germany ($X), Italy ($X) and France ($X), together comprising 39% of total exports. Israel, the United States, Poland, Sweden, Portugal, Spain, the Netherlands, Belgium, Australia and the Czech Republic lagged somewhat behind, together comprising a further 37%.

Among the main countries of destination, the United States, with a CAGR of +103.8%, recorded 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 frozen fish fillet export price stood at $X per ton in 2022, increasing by 25% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish fillet export price increased by +52.9% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to the Czech Republic ($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 (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into Denmark

After three years of growth, purchases abroad of frozen fish fillet decreased by -20.3% to X tons in 2022. Over the period under review, imports showed a slight contraction. The pace of growth was the most pronounced in 2020 with an increase of 26%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, frozen fish fillet imports contracted to $X in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.6% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 53%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Faroe Islands (X tons), the United States (X tons) and Greenland (X tons) were the main suppliers of frozen fish fillet imports to Denmark, with a combined 45% share of total imports. Poland, Lithuania, Germany, the Netherlands, China, Norway, Sweden, Russia, Vietnam and Chile lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +13.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Faroe Islands ($X) constituted the largest supplier of frozen fish fillet to Denmark, comprising 28% of total imports. The second position in the ranking was held by Greenland ($X), with an 11% share of total imports. It was followed by the United States, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Faroe Islands amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Greenland (+5.5% per year) and the United States (+8.3% per year).

Import Prices by Country

In 2022, the average frozen fish fillet import price amounted to $X per ton, surging by 7.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2020 an increase of 21%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Faroe Islands ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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