Denmark: Frozen Fish Meat Market 2025

Frozen Fish Meat Market Size in Denmark

The Danish frozen fish meat market contracted to $X in 2021, dropping by -5.2% against the previous year. In general, consumption saw a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Frozen Fish Meat Production in Denmark

In value terms, frozen fish meat production declined to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 71% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Frozen Fish Meat Exports

Exports from Denmark

In 2021, after two years of growth, there was decline in overseas shipments of frozen fish meat, when their volume decreased by -1.3% to X tons. In general, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +73.3% against 2018 indices. The pace of growth appeared the most rapid in 2020 with an increase of 45% against the previous year. As a result, the exports reached the peak of X tons, and then shrank modestly in the following year.

In value terms, frozen fish meat exports shrank slightly to $X in 2021. Over the period under review, exports recorded a abrupt decrease. The growth pace was the most rapid in 2020 with an increase of 83%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X tons) was the main destination for frozen fish meat exports from Denmark, accounting for a 44% share of total exports. Moreover, frozen fish meat exports to Norway exceeded the volume sent to the second major destination, Germany (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume to Norway totaled +44.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.5% per year) and Poland (+8.3% per year).

In value terms, the largest markets for frozen fish meat exported from Denmark were Germany ($X), France ($X) and Poland ($X), with a combined 45% share of total exports. These countries were followed by Spain, Norway, Italy, Lithuania, the Netherlands, Finland, the Philippines, Vietnam, Estonia and Russia, which together accounted for a further 40%.

Lithuania, with a CAGR of +21.8%, recorded the highest rates of growth with regard to the value of exports, among 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 2021, the average frozen fish meat export price amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price, however, saw a deep contraction. The growth pace was the most rapid in 2020 when the average export price increased by 26% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, 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 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+1.3%), while the prices for the other major destinations experienced a decline.

Frozen Fish Meat Imports

Imports into Denmark

In 2021, overseas purchases of frozen fish meat decreased by -26% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports saw a mild setback. The growth pace was the most rapid in 2020 with an increase of 26%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, frozen fish meat imports reduced remarkably to $X in 2021. Overall, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2019 when imports increased by 29%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Faroe Islands (X tons), Norway (X tons) and Poland (X tons) were the main suppliers of frozen fish meat imports to Denmark, together comprising 55% of total imports. These countries were followed by Iceland, Germany, Greenland, Chile, the Netherlands and Vietnam, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Iceland (with a CAGR of +17.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Faroe Islands ($X), Germany ($X) and Norway ($X) appeared to be the largest frozen fish meat suppliers to Denmark, together comprising 49% of total imports. These countries were followed by Poland, Iceland, Greenland, Chile, the Netherlands and Vietnam, which together accounted for a further 42%.

Iceland, with a CAGR of +16.9%, recorded 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

The average frozen fish meat import price stood at $X per ton in 2021, increasing by 7.2% against the previous year. Overall, the import price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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