Norway - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Meat Price in Norway - 2023
Contents:
- Frozen Fish Meat Price in Norway (FOB) - 2023
- Frozen Fish Meat Price in Norway (CIF) - 2023
- Frozen Fish Meat Exports in Norway
- Frozen Fish Meat Imports in Norway
Frozen Fish Meat Price in Norway (FOB) - 2023
The average frozen fish meat export price stood at $2,551 per ton in August 2023, shrinking by -23.1% against the previous month. Overall, export price indicated a slight increase from August 2022 to August 2023: its price increased at an average monthly rate of +1.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, frozen fish meat export price decreased by -23.1% against July 2023 indices. The pace of growth was the most pronounced in April 2023 an increase of 16% m-o-m. Over the period under review, the average export prices hit record highs at $3,318 per ton in July 2023, and then shrank remarkably in the following month.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Vietnam ($7,393 per ton), while the average price for exports to Belarus ($1,590 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Meat Price in Norway (CIF) - 2023
The average frozen fish meat import price stood at $3,177 per ton in August 2023, falling by -7.4% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average import price increased by 64% m-o-m. As a result, import price reached the peak level of $5,687 per ton. From June 2023 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($4,222 per ton), while the price for Poland ($2,585 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Iceland (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Meat Exports in Norway
In 2022, overseas shipments of frozen fish meat decreased by -9.4% to 81K tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 31%. As a result, the exports reached the peak of 97K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, frozen fish meat exports stood at $166M in 2022. The total export value increased at an average annual rate of +10.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 28%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Frozen Fish Meat in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 19.8 | 27.6 | 39.5 | 34.9 | 20.8% |
| Vietnam | 24.3 | 20.1 | 13.1 | 29.1 | 6.2% |
| Germany | 17.1 | 36.8 | 36.5 | 28.3 | 18.3% |
| Poland | 12.0 | 17.9 | 14.9 | 14.5 | 6.5% |
| Ukraine | 4.2 | 6.7 | 13.9 | 11.6 | 40.3% |
| Belarus | 11.7 | 15.1 | 12.6 | 7.1 | -15.3% |
| Canada | 0.3 | 3.2 | 4.2 | 6.5 | 178.8% |
| Japan | 4.9 | 4.2 | 3.6 | 6.5 | 9.9% |
| Netherlands | 8.5 | 4.1 | 3.8 | 3.4 | -26.3% |
| Czech Republic | 2.2 | 2.7 | 2.3 | 2.1 | -1.5% |
| Denmark | 3.0 | 3.5 | 0.9 | 0.7 | -38.4% |
| Others | 13.6 | 13.8 | 18.8 | 21.2 | 15.9% |
| Total | 122 | 156 | 164 | 166 | 10.8% |
Top Export Markets for Frozen Fish Meat from Norway in 2022:
- Lithuania (22.2K tons)
- Germany (17.3K tons)
- Poland (9.6K tons)
- Vietnam (5.1K tons)
- Belarus (4.8K tons)
- Ukraine (4.0K tons)
- Canada (3.7K tons)
- Netherlands (1.9K tons)
- Japan (1.6K tons)
- Czech Republic (1.3K tons)
- Denmark (0.5K tons)
Frozen Fish Meat Imports in Norway
In 2022, purchases abroad of frozen fish meat decreased by -31.4% to 2.4K tons, falling for the second year in a row after two years of growth. In general, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 6% against the previous year. As a result, imports attained the peak of 3.9K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, frozen fish meat imports dropped dramatically to $7.9M in 2022. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 9.9%. As a result, imports reached the peak of $12M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Frozen Fish Meat in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Faroe Islands | 8.1 | 8.7 | 9.0 | 5.4 | -12.6% |
| United States | 1.0 | 0.6 | 1.0 | 0.7 | -11.2% |
| Netherlands | 1.1 | 1.6 | 0.9 | 0.6 | -18.3% |
| Poland | N/A | 0.6 | 0.1 | 0.6 | 0.0% |
| Iceland | 0.4 | 0.3 | 0.1 | 0.1 | -37.0% |
| Others | 0.6 | 0.6 | 0.9 | 0.5 | -5.9% |
| Total | 11.3 | 12.4 | 11.9 | 7.9 | -11.2% |
Top Suppliers of Frozen Fish Meat to Norway in 2022:
- Faroe Islands (1773.0 tons)
- Poland (215.7 tons)
- United States (158.0 tons)
- Netherlands (146.0 tons)
- Iceland (31.7 tons)
This report provides an in-depth analysis of the frozen fish meat 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 10201500 - Frozen fish meat without bones (excluding fillets)
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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