Price for Smoked Fish, Incl. Fillets in Denmark - 2023

Price for Smoked Fish, Incl. Fillets in Denmark (FOB) - 2023

The average smoked fish, incl. fillets export price stood at $21,310 per ton in June 2023, with an increase of 2.4% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The growth pace was the most rapid in March 2023 when the average export price increased by 14% m-o-m. Over the period under review, the average export prices attained the maximum in June 2023.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Australia ($26,882 per ton), while the average price for exports to Belgium ($16,464 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Smoked Fish, Incl. Fillets in Denmark (CIF) - 2023

The average smoked fish, incl. fillets import price stood at $13,811 per ton in June 2023, increasing by 5.9% against the previous month. Over the period under review, import price indicated a moderate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, smoked fish, incl. fillets import price increased by +9.1% against April 2023 indices. The pace of growth appeared the most rapid in March 2023 an increase of 35% m-o-m. As a result, import price attained the peak level of $17,282 per ton. From April 2023 to June 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the Netherlands ($24,681 per ton), while the price for Poland ($6,901 per ton) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Smoked Fish, Incl. Fillets in Denmark

In 2022, exports of smoked fish, incl. fillets from Denmark contracted dramatically to 2.9K tons, shrinking by -19.2% on the previous year. In general, exports recorded a drastic downturn. The smallest decline of -8.5% was in 2020.

In value terms, smoked fish, incl. fillets exports contracted to $48M in 2022. Overall, exports recorded a deep downturn.

Export of Smoked Fish, Incl. Fillets in Denmark (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	29.1	26.7	21.3	19.3	-12.8%
Switzerland	8.3	9.2	9.1	7.7	-2.5%
Australia	5.3	5.9	4.0	6.5	7.0%
Belgium	4.4	3.7	4.5	4.4	0.0%
Netherlands	3.3	3.1	4.6	4.2	8.4%
Romania	0.1	0.8	0.9	1.0	115.4%
United States	0.6	0.4	0.3	1.0	18.6%
France	2.1	1.5	1.8	0.6	-34.1%
Others	11.1	7.4	5.3	3.5	-31.9%
Total	64.2	58.8	51.7	48.1	-9.2%

Top Export Markets for Smoked Fish, Incl. Fillets from Denmark in 2022:

Germany (1168.9 tons)
Switzerland (499.3 tons)
Australia (301.1 tons)
Belgium (286.6 tons)
Netherlands (286.0 tons)
Romania (74.1 tons)
United States (61.6 tons)
France (27.6 tons)

Imports of Smoked Fish, Incl. Fillets in Denmark

In 2022, overseas purchases of smoked fish, incl. fillets decreased by -17.5% to 255 tons, falling for the second consecutive year after two years of growth. In general, imports showed a significant contraction. The pace of growth was the most pronounced in 2020 when imports increased by 47%. As a result, imports attained the peak of 738 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, smoked fish, incl. fillets imports fell modestly to $2.7M in 2022. Over the period under review, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 82% against the previous year. As a result, imports attained the peak of $9.1M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Smoked Fish, Incl. Fillets in Denmark (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	852	1,500	1,066	638	-9.2%
Turkey	347	259	434	498	12.8%
Poland	68.5	189	280	426	83.9%
Lithuania	N/A	312	673	384	10.9%
Latvia	422	102	60.2	329	-8.0%
Sweden	0.6	3.0	N/A	254	650.9%
Netherlands	104	281	73.4	83.1	-7.2%
Spain	2,482	3,336	83.3	11.0	-83.6%
United Kingdom	420	7.5	17.6	0.1	-93.8%
Vietnam	N/A	2,556	N/A	N/A	0%
Others	275	511	92.4	87.0	-31.9%
Total	4,971	9,057	2,780	2,710	-18.3%