Norway - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Norway - 2023
Contents:
- Frozen Crustaceans Price in Norway (FOB) - 2023
- Frozen Crustaceans Price in Norway (CIF) - 2023
- Frozen Crustaceans Exports in Norway
- Frozen Crustaceans Imports in Norway
Frozen Crustaceans Price in Norway (FOB) - 2023
In September 2023, the average frozen crustaceans export price amounted to $5,829 per ton, shrinking by -37.2% against the previous month. In general, the export price, however, continues to indicate a tangible increase. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 198% against the previous month. Over the period under review, the average export prices hit record highs at $13,139 per ton in December 2022; however, from January 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($42,854 per ton), while the average price for exports to Iceland ($1,919 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 the United States (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Price in Norway (CIF) - 2023
The average frozen crustaceans import price stood at $8,140 per ton in September 2023, shrinking by -17.3% against the previous month. Over the period under review, import price indicated a notable expansion from September 2022 to September 2023: its price increased at an average monthly rate of +4.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, frozen crustaceans import price increased by +51.2% against June 2023 indices. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 88% against the previous month. The import price peaked at $9,913 per ton in November 2022; however, from December 2022 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($16,969 per ton), while the price for Ireland ($3,922 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 Germany (+826.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Exports in Norway
Frozen crustaceans exports from Norway skyrocketed to 16K tons in 2022, rising by 45% on the previous year's figure. Over the period under review, exports enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by 71%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.
In value terms, frozen crustaceans exports contracted to $146M in 2022. Overall, exports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 114%. As a result, the exports attained the peak of $168M, and then declined in the following year.
| Export of Frozen Crustaceans in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iceland | 13.6 | 1.4 | 9.1 | 24.6 | 21.8% |
| Denmark | 15.3 | 13.0 | 29.5 | 24.0 | 16.2% |
| United States | 7.9 | 19.1 | 57.4 | 19.8 | 35.8% |
| Netherlands | 7.9 | 3.5 | 13.4 | 15.7 | 25.7% |
| Japan | 13.1 | 7.0 | 15.0 | 12.1 | -2.6% |
| China | 4.3 | 8.7 | 4.2 | 9.2 | 28.9% |
| France | 5.3 | 4.0 | 8.2 | 8.0 | 14.7% |
| Vietnam | 1.4 | 0.4 | 1.4 | 2.8 | 26.0% |
| Ukraine | N/A | 1.2 | 1.7 | 1.5 | 11.8% |
| Others | 25.2 | 20.2 | 28.1 | 28.3 | 3.9% |
| Total | 93.9 | 78.6 | 168 | 146 | 15.8% |
Top Export Markets for Frozen Crustaceans from Norway in 2022:
- Iceland (9.0K tons)
- Denmark (1.7K tons)
- United States (0.8K tons)
- China (0.8K tons)
- Netherlands (0.6K tons)
- Japan (0.6K tons)
- France (0.5K tons)
- Ukraine (0.3K tons)
- Vietnam (0.3K tons)
Frozen Crustaceans Imports in Norway
In 2022, the amount of frozen crustaceans imported into Norway fell dramatically to 8.4K tons, shrinking by -21.9% on the previous year. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 11%.
In value terms, frozen crustaceans imports reduced sharply to $60M in 2022. Overall, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 23% against the previous year. As a result, imports attained the peak of $89M, and then fell dramatically in the following year.
| Import of Frozen Crustaceans in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 13.3 | 12.2 | 14.8 | 17.2 | 8.9% |
| Greenland | 25.7 | 25.7 | 22.7 | 15.5 | -15.5% |
| Denmark | 5.9 | 5.0 | 6.6 | 9.7 | 18.0% |
| Canada | 2.4 | 3.8 | 7.3 | 3.5 | 13.4% |
| India | 3.3 | 3.4 | 2.4 | 2.8 | -5.3% |
| Faroe Islands | 6.8 | 4.1 | 5.4 | 1.8 | -35.8% |
| Russia | 14.9 | 9.7 | 21.9 | 1.5 | -53.5% |
| Lithuania | 1.8 | 1.4 | 0.7 | 1.4 | -8.0% |
| Others | 7.7 | 7.2 | 7.2 | 7.0 | -3.1% |
| Total | 81.8 | 72.4 | 89.0 | 60.3 | -9.7% |
Top Suppliers of Frozen Crustaceans to Norway in 2022:
- Greenland (2752.2 tons)
- Denmark (1601.4 tons)
- Vietnam (1576.5 tons)
- Faroe Islands (910.5 tons)
- Canada (396.6 tons)
- India (284.9 tons)
- Lithuania (214.9 tons)
- Russia (58.4 tons)
This report provides an in-depth analysis of the frozen crustaceans 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 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
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
-
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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