Denmark: Frozen Pork Cut Market 2024

Frozen Pork Cut Market Size in Denmark

The Danish frozen pork cut market declined to $X in 2022, shrinking by -7.2% against the previous year. Overall, consumption, however, posted a prominent increase. Frozen pork cut consumption peaked at $X in 2021, and then declined in the following year.

Frozen Pork Cut Production in Denmark

In value terms, frozen pork cut production fell markedly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 800% against the previous year. Frozen pork cut production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Frozen Pork Cut Exports

Exports from Denmark

In 2022, after three years of growth, there was significant decline in shipments abroad of frozen hams, shoulders and cuts of pig meat, when their volume decreased by -28% to X tons. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2019 with an increase of 199%. Over the period under review, the exports hit record highs at X tons in 2021, and then contracted remarkably in the following year.

In value terms, frozen pork cut exports contracted rapidly to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 369%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped sharply in the following year.

Exports by Country

China (X tons) was the main destination for frozen pork cut exports from Denmark, accounting for a 89% share of total exports. It was followed by Ukraine (X tons), with a 2.9% share of total exports. The third position in this ranking was taken by Germany (X tons), with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +57.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+36.2% per year) and Germany (+20.9% per year).

In value terms, China ($X) remains the key foreign market for frozen hams, shoulders and cuts of pig meat exports from Denmark, comprising 88% of total exports. The second position in the ranking was held by Germany ($X), with a 2.9% share of total exports. It was followed by Ukraine, with a 2.3% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +61.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.2% per year) and Ukraine (+33.7% per year).

Export Prices by Country

In 2022, the average frozen pork cut export price amounted to $X per ton, which is down by -6% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 57%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Ukraine ($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 Russia (+27.0%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Pork Cut Imports

Imports into Denmark

Frozen pork cut imports into Denmark soared to X tons in 2022, picking up by 66% against 2021. Overall, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by 70% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, frozen pork cut imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Spain (X tons) constituted the largest frozen pork cut supplier to Denmark, accounting for a 76% share of total imports. Moreover, frozen pork cut imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. Poland (X tons) ranked third in terms of total imports with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain stood at +26.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.5% per year) and Poland (+48.5% per year).

In value terms, Spain ($X) constituted the largest supplier of frozen hams, shoulders and cuts of pig meat to Denmark, comprising 71% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Poland, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain totaled +25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.4% per year) and Poland (+55.1% per year).

Import Prices by Country

The average frozen pork cut import price stood at $X per ton in 2022, waning by -9.9% against the previous year. Over the period under review, the import price saw a mild decline. The most prominent rate of growth was recorded in 2020 an increase of 21%. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Poland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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