Denmark: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in Denmark

The Danish market for herring, salted or in brine fell rapidly to $X in 2022, shrinking by -30% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Herring, Salted Or In Brine in Denmark

In value terms, herring, salted or in brine production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep reduction. The pace of growth appeared the most rapid in 2016 with an increase of 166%. Herring, salted or in brine production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Herring, Salted Or In Brine

Exports from Denmark

In 2022, overseas shipments of herring, salted or in brine increased by 42% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, herring, salted or in brine exports skyrocketed to $X in 2022. Overall, exports, however, showed a slight decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 36%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for herring, salted or in brine exports from Denmark, with a 70% share of total exports. Moreover, herring, salted or in brine exports to the Netherlands exceeded the volume sent to the second major destination, Croatia (X tons), fourfold. The third position in this ranking was held by Poland (X tons), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+462.8% per year) and Poland (+914.4% per year).

In value terms, the Netherlands ($X) remains the key foreign market for herring, salted or in brine exports from Denmark, comprising 79% of total exports. The second position in the ranking was held by Croatia ($X), with a 9.9% share of total exports. It was followed by Poland, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands amounted to -3.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+385.6% per year) and Poland (+856.3% per year).

Export Prices by Country

In 2022, the average export price for herring, salted or in brine amounted to $X per ton, with a decrease of -19% against the previous year. Overall, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Croatia ($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 the Netherlands (-1.1%), while the prices for the other major destinations experienced a decline.

Imports of Herring, Salted Or In Brine

Imports into Denmark

In 2022, the amount of herring, salted or in brine imported into Denmark surged to X tons, increasing by 990,750% compared with the previous year. Overall, imports, however, saw a significant curtailment. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, herring, salted or in brine imports soared to $X in 2022. Over the period under review, imports, however, showed a deep setback. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Norway (X tons) constituted the largest herring, salted or in brine supplier to Denmark, accounting for a 56% share of total imports. Moreover, herring, salted or in brine imports from Norway exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Poland (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from Norway stood at -25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (0.0% per year) and Poland (0.0% per year).

In value terms, Germany ($X), Norway ($X) and Poland ($X) appeared to be the largest herring, salted or in brine suppliers to Denmark, with a combined 94% share of total imports.

Among the main suppliers, Poland, with a CAGR of 0.0%, recorded the highest growth rate of the value of imports, 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 import price for herring, salted or in brine amounted to $X per ton, shrinking by -60.1% against the previous year. Over the period under review, the import price, however, saw mild growth. The pace of growth appeared the most rapid in 2021 when the average import price increased by 166%. As a result, import price attained the peak level of $X per ton, and then dropped dramatically in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-2.4%).

Source: IndexBox Platform

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