Denmark: Preserved Tuna Market 2024

Preserved Tuna Market Size in Denmark

The Danish preserved tuna market fell to $X in 2021, with a decrease of -5.4% against the previous year. Overall, consumption saw a slight reduction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Preserved Tuna Production in Denmark

In value terms, preserved tuna production fell sharply to $X in 2021 estimated in export price. Overall, production saw a pronounced descent. The pace of growth appeared the most rapid in 2020 with an increase of 134%. Preserved tuna production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Preserved Tuna Exports

Exports from Denmark

In 2021, approx. X tons of tuna (prepared or preserved) were exported from Denmark; picking up by 24% on the previous year. In general, exports showed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 37%. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, preserved tuna exports surged to $X in 2021. Overall, exports showed a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by 53% against the previous year. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Sweden (X tons) was the main destination for preserved tuna exports from Denmark, accounting for a 58% share of total exports. Moreover, preserved tuna exports to Sweden exceeded the volume sent to the second major destination, Iceland (X tons), fivefold. Norway (X tons) ranked third in terms of total exports with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden stood at +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (-0.5% per year) and Norway (+34.1% per year).

In value terms, Sweden ($X) remains the key foreign market for tuna (prepared or preserved) exports from Denmark, comprising 54% of total exports. The second position in the ranking was held by Iceland ($X), with an 11% share of total exports. It was followed by Germany, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Sweden amounted to +26.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (-2.2% per year) and Germany (+73.3% per year).

Export Prices by Country

In 2021, the average preserved tuna export price amounted to $X per ton, rising by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2013 when the average export price increased by 21% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Faroe Islands (+0.4%), while the prices for the other major destinations experienced a decline.

Preserved Tuna Imports

Imports into Denmark

Preserved tuna imports into Denmark declined to X tons in 2021, with a decrease of -8.1% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 52% 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 somewhat lower figure.

In value terms, preserved tuna imports contracted slightly to $X in 2021. In general, imports saw a mild shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 69% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X tons), Seychelles (X tons) and Germany (X tons) were the main suppliers of preserved tuna imports to Denmark, with a combined 51% share of total imports. Colombia, Mauritius, Thailand, Vietnam, Spain, Ghana, the UK, Ecuador and the Philippines lagged somewhat behind, together comprising a further 43%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +64.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Seychelles ($X) and Germany ($X) appeared to be the largest preserved tuna suppliers to Denmark, together comprising 54% of total imports. Colombia, Thailand, Mauritius, Spain, Vietnam, Ghana, the UK, Ecuador and the Philippines lagged somewhat behind, together accounting for a further 40%.

Among the main suppliers, Vietnam, with a CAGR of +61.9%, saw 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 2021, the average preserved tuna import price amounted to $X per ton, rising by 6.6% against the previous year. In general, the import price, however, recorded a mild decline. The pace of growth was the most pronounced in 2013 an increase of 11% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average 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 Spain ($X per ton), while the price for Ghana ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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