Denmark: Preserved Mackerel Market 2024

Preserved Mackerel Market Size in Denmark

The Danish preserved mackerel market soared to $X in 2021, increasing by 169% against the previous year. In general, consumption enjoyed a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Preserved Mackerel Production in Denmark

In value terms, preserved mackerel production expanded notably to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 64% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Preserved Mackerel Exports

Exports from Denmark

In 2021, shipments abroad of mackerel (prepared or preserved) decreased by -14.3% to X tons, falling for the second consecutive year after two years of growth. In general, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2019 when exports increased by 45%. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved mackerel exports declined to $X in 2021. Over the period under review, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 63%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for preserved mackerel exports from Denmark, with a 39% share of total exports. Moreover, preserved mackerel exports to the Netherlands exceeded the volume sent to the second major destination, Belgium (X tons), twofold. The third position in this ranking was taken by the UK (X tons), with an 18% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-0.1% per year) and the UK (-11.6% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for mackerel (prepared or preserved) exports from Denmark, comprising 39% of total exports. The second position in the ranking was held by the UK ($X), with a 19% share of total exports. It was followed by Belgium, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands stood at +20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-13.1% per year) and Belgium (-3.0% per year).

Export Prices by Country

The average preserved mackerel export price stood at $X per ton in 2021, standing approx. at the previous year. Overall, the export price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were the UK ($X per ton) and Sweden ($X per ton), while the average price for exports to Belgium ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (-1.2%), while the prices for the other major destinations experienced a decline.

Preserved Mackerel Imports

Imports into Denmark

In 2021, the amount of mackerel (prepared or preserved) imported into Denmark declined rapidly to X tons, waning by -23.4% against 2020. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 79% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, preserved mackerel imports contracted notably to $X in 2021. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 54%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Latvia (X tons), Germany (X tons) and the UK (X tons) were the main suppliers of preserved mackerel imports to Denmark, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +30.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Latvia ($X), Germany ($X) and the UK ($X) were the largest preserved mackerel suppliers to Denmark, together comprising 85% of total imports.

In terms of the main suppliers, Latvia, with a CAGR of +28.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average preserved mackerel import price stood at $X per ton in 2021, growing by 7.4% against the previous year. In general, the import price, however, recorded a mild descent. The pace of growth was the most pronounced in 2020 an increase of 12%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Sweden ($X per ton) and Germany ($X per ton), while the price for Latvia ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :