Norway - Fresh Or Chilled Fish Fillets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFresh Fish Fillet Price in Norway - 2023
Contents:
- Fresh Fish Fillet Price in Norway (FOB) - 2023
- Fresh Fish Fillet Price in Norway (CIF) - 2023
- Fresh Fish Fillet Exports in Norway
- Fresh Fish Fillet Imports in Norway
Fresh Fish Fillet Price in Norway (FOB) - 2023
The average fresh fish fillet export price stood at $12,813 per ton in September 2023, declining by -3% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 11% against the previous month. Over the period under review, the average export prices hit record highs at $14,939 per ton in April 2023; however, from May 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Canada ($16,547 per ton), while the average price for exports to Denmark ($9,699 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Fresh Fish Fillet Price in Norway (CIF) - 2023
In September 2023, the average fresh fish fillet import price amounted to $16,054 per ton, approximately mirroring the previous month. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 44% against the previous month. Over the period under review, average import prices hit record highs at $17,293 per ton in December 2022; however, from January 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Spain ($47,167 per ton), while the price for China ($3,749 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Fresh Fish Fillet Exports in Norway
For the fourth year in a row, Norway recorded growth in overseas shipments of fresh or chilled fish fillets, which increased by 7.2% to 144K tons in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.8% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 21%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, fresh fish fillet exports surged to $1.7B in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +15.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Fresh Fish Fillet in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 317 | 273 | 330 | 466 | 13.7% |
| Japan | 187 | 183 | 234 | 210 | 3.9% |
| France | 97.6 | 93.0 | 135 | 173 | 21.0% |
| Poland | 48.4 | 88.8 | 112 | 142 | 43.2% |
| Sweden | 98.1 | 95.9 | 102 | 121 | 7.2% |
| South Korea | 50.1 | 56.8 | 83.0 | 98.5 | 25.3% |
| Israel | 38.1 | 67.0 | 90.9 | 91.2 | 33.8% |
| Denmark | 58.7 | 52.8 | 67.4 | 74.1 | 8.1% |
| Belgium | 61.5 | 56.7 | 51.2 | 60.3 | -0.7% |
| Spain | 26.2 | 21.7 | 34.7 | 59.4 | 31.4% |
| United Kingdom | 35.1 | 28.8 | 29.6 | 40.7 | 5.1% |
| Netherlands | 8.5 | 12.9 | 32.0 | 34.7 | 59.8% |
| Finland | 25.8 | 26.5 | 29.4 | 30.1 | 5.3% |
| Others | 77.5 | 67.2 | 122 | 137 | 20.9% |
| Total | 1,130 | 1,124 | 1,452 | 1,738 | 15.4% |
Top Export Markets for Fresh Fish Fillet from Norway in 2022:
- United States (32.8K tons)
- Japan (20.3K tons)
- France (15.1K tons)
- Poland (14.2K tons)
- Sweden (10.7K tons)
- South Korea (7.0K tons)
- Denmark (6.9K tons)
- Israel (6.4K tons)
- Belgium (5.4K tons)
- Spain (5.4K tons)
- United Kingdom (3.1K tons)
- Netherlands (3.0K tons)
- Finland (2.6K tons)
Fresh Fish Fillet Imports in Norway
In 2022, overseas purchases of fresh or chilled fish fillets decreased by -42.4% to 195 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by 33%. As a result, imports reached the peak of 339 tons, and then shrank significantly in the following year.
In value terms, fresh fish fillet imports dropped markedly to $2.5M in 2022. In general, imports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of $3.7M, and then declined sharply in the following year.
| Import of Fresh Fish Fillet in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 866 | 940 | 1,935 | 1,228 | 12.3% |
| Sri Lanka | 611 | 842 | 647 | 500 | -6.5% |
| Maldives | 426 | 72.0 | 157 | 213 | -20.6% |
| Philippines | 211 | 28.1 | 133 | 129 | -15.1% |
| Germany | 1.0 | 0.4 | N/A | 119 | 391.9% |
| Iceland | 36.2 | 8.4 | 28.2 | 70.6 | 24.9% |
| Sweden | 130 | 83.6 | 186 | 33.4 | -36.4% |
| Australia | 283 | 148 | 197 | 23.6 | -56.3% |
| Portugal | 61.6 | 49.6 | N/A | 1.1 | -73.9% |
| Russia | 225 | 680 | 24.6 | N/A | -66.9% |
| Others | 154 | 67.5 | 386 | 228 | 14.0% |
| Total | 3,005 | 2,919 | 3,693 | 2,545 | -5.4% |
Top Suppliers of Fresh Fish Fillet to Norway in 2022:
- Denmark (137.5 tons)
- Sri Lanka (18.7 tons)
- Germany (8.5 tons)
- Maldives (8.0 tons)
- Iceland (4.9 tons)
- Philippines (4.7 tons)
- Sweden (1.3 tons)
- Australia (1.0 tons)
- Portugal (0.1 tons)
This report provides an in-depth analysis of the fresh fish fillet market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201100 - Fresh or chilled fish fillets and other fish meat without bones
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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