Norway - Frozen Yellowfin Tuna - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Yellowfin Tuna Price in Norway - 2023
Contents:
- Frozen Yellowfin Tuna Price in Norway (CIF) - 2022
- Frozen Yellowfin Tuna Price in Norway (FOB) - 2022
- Frozen Yellowfin Tuna Imports in Norway
- Frozen Yellowfin Tuna Exports in Norway
Frozen Yellowfin Tuna Price in Norway (CIF) - 2022
In 2022, the average frozen yellowfin tuna import price amounted to $8,905 per ton, growing by 8.9% against the previous year. Over the period under review, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen yellowfin tuna import price decreased by -32.6% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of 87% against the previous year. The import price peaked at $13,215 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($22,934 per ton), while the price for Denmark ($3,005 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Yellowfin Tuna Price in Norway (FOB) - 2022
The average frozen yellowfin tuna export price stood at $2,847 per ton in 2022, rising by 11% against the previous year. Over the period under review, the export price, however, recorded a abrupt downturn. The growth pace was the most rapid in 2016 an increase of 21%. The export price peaked at $8,888 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Malaysia.
From 2012 to 2022, the rate of growth in terms of prices for Namibia amounted to +19.2% per year.
Frozen Yellowfin Tuna Imports in Norway
In 2022, the amount of frozen yellowfin tuna imported into Norway surged to 6.4 tons, growing by 1,589% compared with 2021 figures. Over the period under review, imports saw strong growth.
In value terms, frozen yellowfin tuna imports soared to $57K in 2022. In general, imports, however, showed a pronounced slump.
| Import of Frozen Yellowfin Tuna in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 43.1 | 82.2 | 1.2 | 27.1 | -14.3% |
| South Korea | 7.5 | 7.9 | 0.9 | 21.5 | 42.1% |
| Sweden | 6.2 | 14.7 | 0.2 | 6.9 | 3.6% |
| Netherlands | 1.6 | 1.9 | N/A | 0.6 | -27.9% |
| Others | 3.8 | 4.2 | 0.8 | 0.9 | -38.1% |
| Total | 62.1 | 111 | 3.1 | 57.0 | -2.8% |
Top Suppliers of Frozen Yellowfin Tuna to Norway in 2022:
- Vietnam (3.5 tons)
- Sweden (1.7 tons)
- South Korea (0.9 tons)
- Netherlands (0.1 tons)
Frozen Yellowfin Tuna Exports in Norway
In 2022, exports of frozen yellowfin tuna from Norway shrank to 4.9 tons, waning by -5.1% compared with the year before. Overall, exports continue to indicate a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year.
In value terms, frozen yellowfin tuna exports expanded rapidly to $14K in 2022. In general, exports saw a deep reduction.
| Export of Frozen Yellowfin Tuna in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 16.5 | 11.3 | 9.9 | 13.3 | -6.9% |
| Namibia | 1.5 | 0.6 | N/A | N/A | -60.0% |
| Philippines | 0.8 | N/A | N/A | N/A | 0% |
| Slovenia | N/A | 0.3 | 2.3 | N/A | 666.7% |
| Estonia | N/A | 2.1 | N/A | N/A | 0% |
| Turkey | N/A | N/A | 0.5 | N/A | 0% |
| Others | 0.5 | 0.3 | 0.4 | 0.6 | 6.3% |
| Total | 19.3 | 14.5 | 13.2 | 13.9 | -10.4% |
Top Export Markets for Frozen Yellowfin Tuna from Norway in 2022:
- Malaysia (4.8 tons)
This report provides an in-depth analysis of the frozen yellowfin tuna 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 2025.
Product coverage:
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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