Denmark: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Denmark

The Danish frozen norway lobster market skyrocketed to $X in 2022, rising by X% against the previous year. Overall, consumption, however, faced a deep setback. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Frozen Norway Lobster Production in Denmark

In value terms, frozen norway lobster production fell slightly to $X in 2022 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Frozen norway lobster production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Frozen Norway Lobster Exports

Exports from Denmark

Frozen norway lobster exports from Denmark reached X tons in 2022, growing by X% compared with the previous year's figure. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, frozen norway lobster exports surged to $X in 2022. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Italy (X tons) was the main destination for frozen norway lobster exports from Denmark, with a X% share of total exports. Moreover, frozen norway lobster exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), sevenfold. Greece (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Greece (X% per year).

In value terms, Italy ($X) remains the key foreign market for frozen norway lobsters exports from Denmark, comprising X% of total exports. The second position in the ranking was held by Spain ($X), with a X% share of total exports. It was followed by Iceland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and Iceland (X% per year).

Export Prices by Country

In 2022, the average frozen norway lobster export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

Frozen Norway Lobster Imports

Imports into Denmark

In 2022, frozen norway lobster imports into Denmark skyrocketed to X tons, jumping by X% compared with the previous year's figure. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, frozen norway lobster imports soared to $X in 2022. Overall, imports saw strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The UK (X tons), the Netherlands (X tons) and Norway (X tons) were the main suppliers of frozen norway lobster imports to Denmark, with a combined X% share of total imports. Italy, Ireland, Faroe Islands and Sweden lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen norway lobster suppliers to Denmark were the UK ($X), Norway ($X) and the Netherlands ($X), together accounting for X% of total imports. Ireland, Italy, Faroe Islands and Sweden lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Ireland, with a CAGR of X%, 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 2022, the average frozen norway lobster import price amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

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