Report Update: Apr 1, 2024

World - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights

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Frozen fish market

Frozen Fish - World's Largest Markets

Rating	Country
1	United States
2	China
3	Russia
4	Japan
5	Thailand

In value terms, the largest frozen fish markets worldwide were the United States, China and Russia, with a combined 34% share of the global market. These countries were followed by Japan, Thailand, Mauritania, South Korea, Vietnam, Namibia, Nigeria, Ukraine and Cote d'Ivoire, which together accounted for a further 23%.

Namibia saw the highest growth rate of market size, among the main consuming countries over the period under review, while frozen fish market for the other global leaders experienced more modest paces of growth.

Frozen Fish Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
Senegal	1202	1327	994	-9.1%
Morocco	1031	1094	1107	3.6%
Japan	1473	1639	1615	4.7%
Russia	1804	1830	1623	-5.1%
Netherlands	1917	2082	2118	5.1%
Taiwan (Chinese)	2276	2072	2186	-2.0%
Spain	2551	2493	2401	-3.0%
Vietnam	2875	2763	2483	-7.1%
Indonesia	2970	2974	2596	-6.5%
Norway	2688	2725	2691	0.1%
United States	3203	3179	3102	-1.6%
China	3415	3492	3530	1.7%
Chile	5528	5094	5043	-4.5%
Average	2636	2623	2597	-0.7%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Chile ($5,043 per ton), while Senegal ($994 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	USD per ton			CAGR, 2018-2020
United States	6251	6157	5730	-4.3%
Japan	5352	5143	4961	-3.7%
Germany	3978	4204	4296	3.9%
Spain	3366	3171	3109	-3.9%
Vietnam	2946	2799	2878	-1.2%
Russia	2239	2109	2529	6.3%
Netherlands	2358	2626	2465	2.2%
China	1995	1975	1975	-0.5%
South Korea	2166	2098	1949	-5.1%
Thailand	1683	1909	1641	-1.3%
Ukraine	1259	1396	1426	6.4%
Cote d'Ivoire	1054	998	931	-6.0%
Nigeria	767	786	816	3.1%
Average	2646	2684	2602	-0.8%

Prices varied noticeably by the country of destination; the country with the highest price was the United States ($5,730 per ton), while Nigeria ($816 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Ukraine, while the other global leaders experienced more modest paces of growth.

Frozen Fish - Top Importers

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
Japan	6.2	5.8	5.2	-8.9%
China	4.7	5.1	5.1	4.5%
United States	4.7	4.3	4.2	-5.7%
Thailand	2.4	1.9	2.1	-7.0%
South Korea	2	1.8	1.7	-7.7%

In value terms, Japan ($5.2B), China ($5.1B) and the United States ($4.2B) appeared to be the countries with the highest levels of imports in 2020, with a combined 36% share of global imports. These countries were followed by Thailand, South Korea, Spain, Germany, the Netherlands, Russia, Vietnam, Nigeria, Ukraine and Cote d'Ivoire, which together accounted for a further 28%.

The Netherlands saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Frozen Fish - Top Exporters

COUNTRY	2018	2019	2020	CAGR, 2018-2020
COUNTRY	billion USD			CAGR, 2018-2020
China	7.1	7.1	7.4	2.2%
Russia	2.9	2.9	2.8	-2.6%
United States	3.4	3.2	2.7	-11.7%
Chile	2.9	2.9	2.6	-5.3%
Norway	2.2	2.4	2.4	2.6%

In value terms, China ($7.4B) remains the largest frozen fish supplier worldwide, comprising 19% of global exports. The second position in the ranking was occupied by Russia ($2.8B), with a 7.2% share of global exports. It was followed by the United States, with a 7% share.

In China, frozen fish exports expanded at an average annual rate of +2.2% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Russia (-2.6% per year) and the United States (-11.7% per year).

Frozen Fish - Market Forecast

Driven by rising demand for frozen fish worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Frozen Fish - Top Companies

Hainan Guangtai Ocean Breeding Co.,Ltd., Austevoll Seafood ASA, Negocios Industriales Real N.I.R.S.A. S.A, SANFORD LIMITED, Hansung Enterprise Co., Ltd., KURITSYNY, OBSHCHINA, ANGRE, OBSHCHINA, BELY MEDVED, OBSHCHINA, MUKHANE, OBSHCHINA, SEVER, OBSHCHINA, SIDUKU, OBSHCHINA, TILMITIL, OBSHCHINA, CHAIKA, OBSHCHINA, SEMENOVY, OBSHCHINA, ORLAN, OBSHCHINA, AGITUDA, OBSHCHINA, NADEZHDA, OBSHCHINA, ANAPKA, OBSHCHINA, MARIYA, OBSHCHINA, TYLMYN, OBSHCHINA

Frozen Fish - Product Coverage

HS 0303 - Fish; frozen, excluding fish fillets and other fish meat of heading 0304
HS 030421 - Fish; swordfish (Xiphias gladius), fillets, frozen
HS 030422 - Fish; toothfish (Dissostichus spp.), fillets, frozen
HS 030429 - Fish; fillets, frozen, other than swordfish (Xiphias gladius) and toothfish (Dissostichus spp.)
HS 030461 - Fish fillets; frozen, tilapias (Oreochromis spp.)
HS 030462 - Fish fillets; frozen, catfish (Pangasius spp., Silurus spp., Clarias spp., Ictalurus spp.)
HS 030463 - Fish fillets; frozen, Nile Perch (Lates niloticus)
HS 030469 - Fish fillets; frozen, carp (Cyprinus/Carassius/Ctenopharyngodon idellus/Hypophthalmichthys/Cirrhinus/Mylopharyngodon piceus/Catla catla/Labeo/Osteochilus hasselti/Leptobarbus hoeveni/Megalobrama), eels (Anguilla) and snakeheads (Channa)
HS 030471 - Fish fillets; frozen, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus)
HS 030472 - Fish fillets; frozen, haddock (Melanogrammus aeglefinus)
HS 030473 - Fish fillets; frozen, coalfish (Pollachius virens)
HS 030474 - Fish fillets; frozen, hake (Merluccius spp., Urophycis spp.)
HS 030475 - Fish fillets; frozen, Alaska pollack (Theragra chalcogramma)
HS 030479 - Fish fillets; frozen, of the families Bregmacerotidae, Euclichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae and Muraenolepididae other than cod, haddock, coalfish, hake, and Alaska pollack
HS 030481 - Fish fillets; frozen, salmon, Pacific (Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tschawytscha, Oncorhynchus kisutch, Oncorhynchus masou, Oncorhynchus rhodurus), Atlantic (Salmo salar), and Danube (Hucho hucho)
HS 030482 - Fish fillets; frozen, trout (Salmo trutta, Oncorhynchus mykiss, Oncorhynchus clarki, Oncorhynchus aguabonita, Oncorhynchus gilae, Oncorhynchus apache and Oncorhynchus chrysogaster)
HS 030483 - Fish fillets; frozen, flat fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae)
HS 030484 - Fish fillets; frozen, swordfish (Xiphias gladius)
HS 030485 - Fish fillets; frozen, toothfish (Dissostichus spp.)
HS 030486 - Fish fillets; frozen, herrings (Clupea harengus, Clupea pallasii)
HS 030487 - Fish fillets; frozen, tunas (of the genus Thunnus), skipjack or stripe-bellied bonito (Euthynnus (Katsuwonus) pelamis)
HS 030488 - Fish fillets; frozen, dogfish, other sharks, rays and skates (Rajidae)
HS 030489 - Fish fillets; frozen, of fish n.e.c. in heading 0304.8
HS 030491 - Fish; swordfish (Xiphias gladius), frozen, other than fillets
HS 030492 - Fish; toothfish (Dissostichus spp.), frozen, other than fillets
HS 030493 - Fish meat, excluding fillets, whether or not minced; frozen, tilapias, catfish, carp, eels, Nile perch, and snakeheads
HS 030494 - Fish meat, excluding fillets, whether or not minced; frozen, Alaska Pollack (Theragra chalcogramma)
HS 030495 - Fish meat, excluding fillets, whether or not minced; frozen, of the families Bregmacerotidae, Euclichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae and Muraenolepididae, other than Alaska Pollack (Theragra chalcogramma)
HS 030496 - Fish meat, excluding fillets, whether or not minced; frozen, dogfish and other sharks
HS 030497 - Fish meat, excluding fillets, whether or not minced; frozen, rays and skates (Rajidae)
HS 030499 - Fish; fish meat (whether or not minced) other than fillets, frozen, excluding swordfish (Xiphias gladius) and toothfish (Dissostichus spp.)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global frozen fish market. 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 10201330 - Frozen whole salt water fish
Prodcom 10201360 - Frozen whole fresh water fish
Prodcom 10201400 - Frozen fish fillets
Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
Prodcom 10201600 - Frozen fish livers and roes

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023