Price for Crustacean Preparations; Lobster, Prepared or Preserved in Denmark - 2023
Contents:
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Denmark (FOB) - 2023
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Denmark (CIF) - 2022
- Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Denmark
- Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Denmark
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Denmark (FOB) - 2023
In November 2023, the average export price for crustacean preparations; lobster, prepared or preserveds amounted to $30,396 per ton, shrinking by -47.6% against the previous month. Over the period under review, the export price, however, continues to indicate a measured expansion. The pace of growth was the most pronounced in March 2023 an increase of 225% m-o-m. The export price peaked at $58,020 per ton in October 2023, and then contracted significantly in the following month.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was Norway ($98,732 per ton), while the average price for exports to Greenland ($3,955 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Denmark (CIF) - 2022
In 2022, the average import price for crustacean preparations; lobster, prepared or preserveds amounted to $31,786 per ton, declining by -28.1% against the previous year. Overall, the import price, however, saw significant growth. The pace of growth was the most pronounced in 2015 an increase of 120% against the previous year. The import price peaked at $44,216 per ton in 2021, and then contracted rapidly in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($84,149 per ton), while the price for Canada amounted to $30,212 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Denmark
In 2022, shipments abroad of crustacean preparations; lobster, prepared or preserveds increased by 26% to 65 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt shrinkage.
In value terms, exports of crustacean preparations; lobster, prepared or preserveds skyrocketed to $1.2M in 2022. In general, exports, however, saw a sharp decline.
| Export of Crustacean Preparations; Lobster, Prepared or Preserved in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 40.3 | 70.9 | 181 | 408 | 116.3% |
| Sweden | 256 | 199 | 232 | 320 | 7.7% |
| Netherlands | 20.7 | N/A | 55.5 | 164 | 99.4% |
| France | 11.6 | 12.2 | 195 | 156 | 137.8% |
| Germany | 6.8 | 141 | 17.5 | 53.7 | 99.1% |
| Norway | 84.4 | 10.9 | 36.1 | 42.1 | -20.7% |
| United Kingdom | 46.7 | 420 | N/A | 10.3 | -39.6% |
| Faroe Islands | 85.0 | 2.7 | 4.2 | 7.0 | -56.5% |
| Latvia | 122 | N/A | N/A | N/A | 0% |
| Iceland | 2,800 | N/A | N/A | N/A | 0% |
| Others | 144 | 94.7 | 215 | 45.9 | -31.7% |
| Total | 3,617 | 951 | 937 | 1,206 | -30.7% |
Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from Denmark in 2022:
- Italy (33.2 tons)
- Sweden (13.8 tons)
- France (4.6 tons)
- Norway (4.5 tons)
- Germany (3.3 tons)
- Netherlands (1.8 tons)
- Faroe Islands (1.1 tons)
- United Kingdom (0.4 tons)
Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Denmark
In 2022, imports of crustacean preparations; lobster, prepared or preserveds into Denmark rose markedly to 30 tons, growing by 11% against the previous year's figure. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 164% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of crustacean preparations; lobster, prepared or preserveds fell sharply to $944K in 2022. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 209%. As a result, imports reached the peak of $1.2M, and then contracted dramatically in the following year.
| Import of Crustacean Preparations; Lobster, Prepared or Preserved in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 16.0 | 175 | 936 | 862 | 277.7% |
| Sweden | 54.1 | 136 | 196 | 70.9 | 9.4% |
| Germany | 53.7 | 12.6 | 3.4 | N/A | -74.8% |
| United Kingdom | N/A | 57.1 | N/A | N/A | 0% |
| Others | 61.3 | 1.3 | 47.5 | 11.2 | -43.3% |
| Total | 185 | 382 | 1,183 | 944 | 72.2% |
Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to Denmark in 2022:
- Canada (28.5 tons)
- Sweden (0.8 tons)
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