Denmark: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Denmark

The Danish inedible fish products market contracted to $X in 2022, shrinking by -7.8% against the previous year. Overall, consumption, however, continues to indicate a perceptible curtailment. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Inedible Fish Products Production in Denmark

In value terms, inedible fish products production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 65%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Inedible Fish Products Exports

Exports from Denmark

In 2022, the amount of inedible fish products exported from Denmark fell to X tons, leveling off at the year before. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 440%. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, inedible fish products exports rose to $X in 2022. Overall, exports, however, continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 133%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons), the UK (X tons) and France (X tons) were the main destinations of inedible fish products exports from Denmark, together accounting for 53% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +317.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for inedible fish products exported from Denmark were Norway ($X), the UK ($X) and Germany ($X), with a combined 52% share of total exports.

The UK, with a CAGR of +331.7%, recorded the highest rates of growth with regard to 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

The average inedible fish products export price stood at $X per ton in 2022, picking up by 4.3% against the previous year. Overall, the export price, however, showed a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of 139%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Norway ($X per ton), while the average price for exports to France ($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 Iceland (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Inedible Fish Products Imports

Imports into Denmark

After five years of decline, purchases abroad of inedible fish products increased by 9.5% to X tons in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 36% against the previous year. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, inedible fish products imports reduced to $X in 2022. In general, imports, however, continue to indicate a mild setback. The most prominent rate of growth was recorded in 2013 when imports increased by 68%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Norway (X tons), Sweden (X tons) and Poland (X tons) were the main suppliers of inedible fish products imports to Denmark, together comprising 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +8.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest inedible fish products suppliers to Denmark were Sweden ($X), Norway ($X) and Poland ($X), with a combined 80% share of total imports. Faroe Islands, Lithuania, Germany and Iceland lagged somewhat behind, together comprising a further 13%.

Faroe Islands, with a CAGR of +7.3%, recorded 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 more modest paces of growth.

Import Prices by Country

The average inedible fish products import price stood at $X per ton in 2022, dropping by -19.2% against the previous year. Overall, the import price saw a noticeable decrease. The most prominent rate of growth was recorded in 2013 when the average import price increased by 32%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained 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 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 Germany (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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