Norway - Inedible Fish Products - Market Analysis, Forecast, Size, Trends And Insights
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View PricingInedible Fish Products Price in Norway - 2023
Contents:
- Inedible Fish Products Price in Norway (CIF) - 2022
- Inedible Fish Products Price in Norway (FOB) - 2023
- Inedible Fish Products Imports in Norway
- Inedible Fish Products Exports in Norway
Inedible Fish Products Price in Norway (CIF) - 2022
The average inedible fish products import price stood at $602 per ton in 2022, rising by 11% against the previous year. Overall, the import price, however, saw a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 25%. The import price peaked at $902 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($3,370 per ton), while the price for Faroe Islands ($241 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Inedible Fish Products Price in Norway (FOB) - 2023
The average inedible fish products export price stood at $116 per ton in June 2023, reducing by -12.6% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 198% m-o-m. As a result, the export price reached the peak level of $217 per ton. From February 2023 to June 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Germany ($459 per ton), while the average price for exports to Denmark ($56.0 per ton) was amongst the lowest.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Inedible Fish Products Imports in Norway
In 2022, approx. 72K tons of inedible fish products were imported into Norway; increasing by 21% on 2021 figures. In general, imports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 35% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, inedible fish products imports surged to $43M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +47.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Inedible Fish Products in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iceland | 6.3 | 6.8 | 8.8 | 16.3 | 37.3% |
| Argentina | 10.4 | 16.7 | 9.8 | 11.4 | 3.1% |
| Denmark | 1.0 | 1.4 | 4.2 | 7.2 | 93.1% |
| Faroe Islands | 3.5 | 4.3 | 3.6 | 3.8 | 2.8% |
| Sweden | 0.2 | 0.5 | 0.1 | 0.7 | 51.8% |
| Taiwan (Chinese) | 3.3 | 3.0 | 2.1 | 0.6 | -43.3% |
| Poland | 0.7 | 0.6 | 1.1 | 0.6 | -5.0% |
| United Kingdom | 0.4 | 0.3 | 0.2 | 0.1 | -37.0% |
| Others | 3.6 | 5.6 | 2.5 | 2.6 | -10.3% |
| Total | 29.4 | 39.2 | 32.4 | 43.3 | 13.8% |
Top Suppliers of Inedible Fish Products to Norway in 2022:
- Iceland (24.6K tons)
- Denmark (22.3K tons)
- Faroe Islands (15.8K tons)
- Argentina (4.2K tons)
- Sweden (1.8K tons)
- Poland (0.6K tons)
- United Kingdom (0.4K tons)
- Taiwan (Chinese) (0.2K tons)
Inedible Fish Products Exports in Norway
In 2022, exports of inedible fish products from Norway soared to 64K tons, jumping by 32% against the year before. Over the period under review, exports, however, showed a relatively flat trend pattern.
In value terms, inedible fish products exports dropped modestly to $16M in 2022. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 6.6%.
| Export of Inedible Fish Products in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 6.0 | 3.6 | 4.8 | 8.0 | 10.1% |
| Russia | 5.3 | 6.2 | 5.1 | 2.2 | -25.4% |
| Germany | 0.7 | 0.5 | 0.8 | 1.1 | 16.3% |
| Latvia | 3.6 | 0.2 | 0.6 | 0.6 | -45.0% |
| Canada | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| Finland | 1.1 | 0.7 | 0.8 | 0.4 | -28.6% |
| Lithuania | 0.2 | 0.3 | 0.3 | 0.4 | 26.0% |
| Others | 6.0 | 3.9 | 3.9 | 3.2 | -18.9% |
| Total | 22.9 | 15.5 | 16.5 | 16.2 | -10.9% |
Top Export Markets for Inedible Fish Products from Norway in 2022:
- Denmark (47.0K tons)
- Lithuania (4.6K tons)
- Latvia (3.3K tons)
- Germany (3.3K tons)
- Finland (2.4K tons)
- Canada (1.3K tons)
- Russia (1.0K tons)
This report provides an in-depth analysis of the inedible fish products 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 10204200 - Inedible fish products (including fish waste, excluding whalebone and whalebone hair, coral and similar materials, s hells and cuttle-bone, unworked or simply prepared/natural sponges)
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.
-
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
-
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
-
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
-
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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