Denmark: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in Denmark

For the fourth year in a row, the Danish market for frozen pig meat other than cuts or carcases recorded growth in sales value, which increased by 50% to $X in 2022. Over the period under review, consumption showed a prominent increase. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in Denmark

In value terms, production of frozen pig meat other than cuts or carcases dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 38%. Production of peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from Denmark

After three years of growth, overseas shipments of frozen pig meat other than cuts or carcases decreased by -16.6% to X tons in 2022. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 30% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2021, and then dropped markedly in the following year.

In value terms, exports of frozen pig meat other than cuts or carcases reduced markedly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 33% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

China (X tons), Japan (X tons) and Australia (X tons) were the main destinations of exports of frozen pig meat other than cuts or carcases from Denmark, together comprising 68% of total exports. The United States, the Philippines, South Korea, Taiwan (Chinese), Canada and the UK lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +58.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen pig meat other than cuts or carcases exported from Denmark were China ($X), Japan ($X) and Australia ($X), with a combined 66% share of total exports. The United States, South Korea, the Philippines, Taiwan (Chinese), Canada and the UK lagged somewhat behind, together accounting for a further 22%.

The Philippines, with a CAGR of +57.1%, 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

The average export price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, dropping by -4.2% against the previous year. Overall, the export price saw a pronounced reduction. The pace of growth was the most pronounced in 2017 when the average export price increased by 9.2% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($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 (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into Denmark

In 2022, overseas purchases of frozen pig meat other than cuts or carcases increased by 2.9% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.9% 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 +29.5% against 2020 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 35% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of frozen pig meat other than cuts or carcases amounted to $X in 2022. In general, total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +38.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 33%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Spain (X tons) and the Netherlands (X tons) were the main suppliers of imports of frozen pig meat other than cuts or carcases to Denmark, together accounting for 69% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +17.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the Netherlands ($X) appeared to be the largest frozen pig meat other than cuts or carcases suppliers to Denmark, together accounting for 68% of total imports.

Spain, with a CAGR of +15.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average import price for frozen pig meat other than cuts or carcases amounted to $X per ton, flattening at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 15%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Sweden ($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 Netherlands (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :