Norway - Frozen Whole Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Whole Fish Price in Norway - 2023
Contents:
- Frozen Whole Fish Price in Norway (FOB) - 2023
- Frozen Whole Fish Price in Norway (CIF) - 2023
- Frozen Whole Fish Exports in Norway
- Frozen Whole Fish Imports in Norway
Frozen Whole Fish Price in Norway (FOB) - 2023
The average frozen whole fish export price stood at $2,820 per ton in August 2023, dropping by -6% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in April 2023 an increase of 17% month-to-month. Over the period under review, the average export prices hit record highs at $3,000 per ton in July 2023, and then contracted in the following month.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Kazakhstan ($6,634 per ton), while the average price for exports to Ukraine ($1,771 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 (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Whole Fish Price in Norway (CIF) - 2023
In August 2023, the average frozen whole fish import price amounted to $3,227 per ton, with an increase of 25% against the previous month. Over the period under review, import price indicated a temperate expansion from August 2022 to August 2023: its price increased at an average monthly rate of +4.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, frozen whole fish import price increased by +30.6% against June 2023 indices. The most prominent rate of growth was recorded in November 2022 an increase of 75% m-o-m. Over the period under review, average import prices hit record highs at $3,538 per ton in January 2023; however, from February 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Faroe Islands ($5,496 per ton), while the price for Denmark ($541 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 Lithuania (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Whole Fish Exports in Norway
In 2022, the amount of frozen whole fish exported from Norway fell to 759K tons, waning by -7.1% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 25%. As a result, the exports reached the peak of 818K tons, and then contracted in the following year.
In value terms, frozen whole fish exports rose rapidly to $1.9B in 2022. The total export value increased at an average annual rate of +8.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 30% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Frozen Whole Fish in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 393 | 277 | 337 | 432 | 3.2% |
| Japan | 134 | 138 | 144 | 147 | 3.1% |
| South Korea | 73.9 | 78.5 | 120 | 113 | 15.2% |
| Egypt | 49.1 | 61.0 | 149 | 102 | 27.6% |
| United Kingdom | 92.9 | 86.5 | 82.9 | 101 | 2.8% |
| Lithuania | 90.2 | 78.8 | 97.7 | 99.5 | 3.3% |
| Vietnam | 59.7 | 55.9 | 77.1 | 86.6 | 13.2% |
| Poland | 54.5 | 68.4 | 69.8 | 74.6 | 11.0% |
| Netherlands | 62.1 | 59.9 | 76.5 | 71.8 | 5.0% |
| United States | 37.7 | 42.2 | 48.1 | 69.3 | 22.5% |
| Thailand | 45.6 | 28.0 | 44.8 | 57.7 | 8.2% |
| Nigeria | 34.5 | 37.4 | 45.4 | 36.2 | 1.6% |
| Turkey | 21.8 | 18.3 | 21.6 | 29.0 | 10.0% |
| Others | 314 | 306 | 420 | 438 | 11.7% |
| Total | 1,463 | 1,335 | 1,734 | 1,859 | 8.3% |
Top Export Markets for Frozen Whole Fish from Norway in 2022:
- China (150.3K tons)
- Egypt (67.5K tons)
- Japan (64.8K tons)
- South Korea (43.9K tons)
- Vietnam (43.0K tons)
- Lithuania (39.3K tons)
- Netherlands (35.4K tons)
- Nigeria (32.2K tons)
- United Kingdom (26.3K tons)
- Poland (23.6K tons)
- United States (22.7K tons)
- Turkey (17.5K tons)
- Thailand (17.2K tons)
Frozen Whole Fish Imports in Norway
In 2022, overseas purchases of frozen whole fish decreased by -5% to 26K tons, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a noticeable decrease. The pace of growth was the most pronounced in 2020 when imports increased by 11%. As a result, imports reached the peak of 31K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, frozen whole fish imports rose to $63M in 2022. In general, imports continue to indicate a deep setback.
| Import of Frozen Whole Fish in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 67.4 | 38.6 | 41.0 | 46.3 | -11.8% |
| Denmark | 2.1 | 3.8 | 4.3 | 5.6 | 38.7% |
| Lithuania | 2.6 | 1.6 | 1.1 | 1.6 | -14.9% |
| United States | 9.5 | 6.2 | 0.5 | 1.5 | -46.0% |
| Faroe Islands | 6.6 | 2.4 | 2.7 | 1.2 | -43.3% |
| Netherlands | 0.9 | 2.6 | 1.7 | 0.7 | -8.0% |
| United Kingdom | 4.3 | 9.7 | 0.2 | N/A | -78.4% |
| Others | 6.3 | 7.6 | 8.7 | 6.0 | -1.6% |
| Total | 99.6 | 72.5 | 60.1 | 62.8 | -14.3% |
Top Suppliers of Frozen Whole Fish to Norway in 2022:
- United Kingdom (undefinedK tons)
- Russia (12.1K tons)
- Denmark (9.9K tons)
- Lithuania (0.9K tons)
- Netherlands (0.5K tons)
- Faroe Islands (0.4K tons)
- United States (0.3K tons)
This report provides an in-depth analysis of the frozen whole fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201600 - Frozen fish livers and roes
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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