Denmark: Smoked Herring Market 2025

Smoked Herring Market Size in Denmark

In 2022, after two years of growth, there was significant decline in the Danish smoked herring market, when its value decreased by -5.7% to $X. In general, consumption, however, saw a deep slump. Smoked herring consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Smoked Herring Production in Denmark

In value terms, smoked herring production reduced to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable decrease. The most prominent rate of growth was recorded in 2014 when the production volume increased by 16% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Smoked Herring Exports

Exports from Denmark

In 2022, approx. X tons of smoked herrings were exported from Denmark; with a decrease of -41.8% against the previous year. Overall, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2019 when exports increased by 45%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, smoked herring exports shrank remarkably to $X in 2022. In general, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Italy (X tons), Norway (X tons) and Sweden (X tons) were the main destinations of smoked herring exports from Denmark, together accounting for 97% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +14.5%), while shipments for the other leaders experienced a decline.

In value terms, Italy ($X), Norway ($X) and Sweden ($X) were the largest markets for smoked herring exported from Denmark worldwide, together comprising 97% of total exports.

Sweden, with a CAGR of +13.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average smoked herring export price stood at $X per ton in 2022, reducing by -14.8% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 13%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Sweden ($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 Norway (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Herring Imports

Imports into Denmark

After two years of growth, overseas purchases of smoked herrings decreased by -13.2% to X tons in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 751%. As a result, imports attained the peak of X tons, and then reduced in the following year.

In value terms, smoked herring imports declined remarkably to $X in 2022. Overall, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 1,023% against the previous year. As a result, imports attained the peak of $X, and then reduced dramatically in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of smoked herring to Denmark, accounting for a 77% share of total imports. Moreover, smoked herring imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled +46.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+46.3% per year) and the Netherlands (-30.0% per year).

In value terms, Poland ($X) constituted the largest supplier of smoked herrings to Denmark, comprising 76% of total imports. The second position in the ranking was held by Germany ($X), with a 21% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Poland amounted to +53.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+51.8% per year) and the Netherlands (-28.1% per year).

Import Prices by Country

In 2022, the average smoked herring import price amounted to $X per ton, with a decrease of -6.9% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, smoked herring import price increased by +57.4% against 2018 indices. The growth pace was the most rapid in 2013 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($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 (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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