Denmark: Market for Frozen Fish and Seafood 2024

Market Size for Frozen Fish and Seafood in Denmark

The Danish frozen fish and seafood market soared to $X in 2023, surging by X% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2018 indices. Frozen fish and seafood consumption peaked in 2023 and is likely to see gradual growth in the immediate term.

Production of Frozen Fish and Seafood in Denmark

In value terms, frozen fish and seafood production contracted to $X in 2023 estimated in export price. Over the period under review, production posted a prominent expansion. The growth pace was the most rapid in 2021 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2022, and then fell in the following year.

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Exports of Frozen Fish and Seafood

Exports from Denmark

In 2023, shipments abroad of frozen fish and seafood decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, total exports indicated moderate growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

In value terms, frozen fish and seafood exports reached $X in 2023. Over the period under review, total exports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked in 2023 and are likely to see gradual growth in the near future.

Exports by Country

China (X tons) was the main destination for frozen fish and seafood exports from Denmark, accounting for a X% share of total exports. Moreover, frozen fish and seafood exports to China exceeded the volume sent to the second major destination, Poland (X tons), twofold. The third position in this ranking was held by Germany (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (X% per year).

In value terms, China ($X) remains the key foreign market for frozen fish and seafood exports from Denmark, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Germany (X% per year).

Export Prices by Country

The average frozen fish and seafood export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2023 and is likely to continue growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish and Seafood

Imports into Denmark

In 2023, purchases abroad of frozen fish and seafood decreased by X% to X tons, falling for the second consecutive year after two years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, frozen fish and seafood imports stood at $X in 2023. Over the period under review, total imports indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports reached the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

In 2023, Greenland (X tons) constituted the largest frozen fish and seafood supplier to Denmark, accounting for a X% share of total imports. Moreover, frozen fish and seafood imports from Greenland exceeded the figures recorded by the second-largest supplier, Faroe Islands (X tons), eightfold. Sweden (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Greenland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Faroe Islands (X% per year) and Sweden (X% per year).

In value terms, Greenland ($X) constituted the largest supplier of frozen fish and seafood to Denmark, comprising X% of total imports. The second position in the ranking was taken by Faroe Islands ($X), with a X% share of total imports. It was followed by Norway, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Greenland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Faroe Islands (X% per year) and Norway (X% per year).

Import Prices by Country

In 2023, the average frozen fish and seafood import price amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Faroe Islands ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform