Denmark: Frozen Fish Market 2024

Frozen Fish Market Size in Denmark

The Danish frozen fish market soared to $X in 2022, rising 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 remained consistent, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Frozen Fish Production in Denmark

In value terms, frozen fish production soared to $X in 2022 estimated in export price. Over the period under review, production, however, posted strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Frozen fish production peaked in 2022 and is likely to continue growth in the immediate term.

Frozen Fish Exports

Exports from Denmark

After two years of growth, overseas shipments of frozen fish decreased by X% to X tons in 2022. Over the period under review, total exports indicated a buoyant increase from 2012 to 2022: its volume 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. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then contracted in the following year.

In value terms, frozen fish exports rose significantly to $X in 2022. In general, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

China (X tons), Poland (X tons) and Germany (X tons) were the main destinations of frozen fish exports from Denmark, with a combined X% share of total exports. Norway, France, the Netherlands, Taiwan (Chinese), Italy, Spain, Sweden, Portugal, Israel and Vietnam lagged somewhat behind, together accounting for a further X%.

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

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

Portugal, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average frozen fish export price amounted to $X per ton, increasing by 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 Israel ($X per ton), while the average price for exports to Norway ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Denmark

After two years of growth, purchases abroad of frozen fish decreased by X% to X tons in 2022. 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 pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then declined in the following year.

In value terms, frozen fish imports rose significantly to $X in 2022. In general, total imports indicated a prominent 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, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms 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 Sweden (X% per year).

In value terms, the largest frozen fish suppliers to Denmark were Greenland ($X), Faroe Islands ($X) and Sweden ($X), together accounting for X% of total imports.

Sweden, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen fish import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the price for the UK ($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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