Live Fish Price in Norway - 2023
Contents:
- Live Fish Price in Norway (FOB) - 2023
- Live Fish Price in Norway (CIF) - 2023
- Live Fish Exports in Norway
- Live Fish Imports in Norway
Live Fish Price in Norway (FOB) - 2023
The average live fish export price stood at $19,743 per ton in August 2023, rising by 29% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Russia.
From August 2022 to August 2023, the rate of growth in terms of prices for Russia amounted to +0.8% per month.
Live Fish Price in Norway (CIF) - 2023
In August 2023, the average live fish import price amounted to $61,233 per ton, growing by 36% against the previous month. In general, the import price, however, continues to indicate a mild shrinkage. The pace of growth was the most pronounced in October 2022 when the average import price increased by 97% m-o-m. Over the period under review, average import prices attained the maximum at $136K per ton in February 2023; however, from March 2023 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the Czech Republic ($330K per ton), while the price for Sweden ($25,612 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 the Czech Republic (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Live Fish Exports in Norway
Live fish exports from Norway expanded modestly to 1.7K tons in 2022, growing by 3.2% on the previous year's figure. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 92%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, live fish exports expanded slightly to $24M in 2022. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 93% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Live Fish in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 10.1 | 19.5 | 22.7 | 23.6 | 32.7% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 10.1 | 19.5 | 22.7 | 23.6 | 32.7% |
Top Export Markets for Live Fish from Norway in 2022:
- Russia (1654.1 tons)
Live Fish Imports in Norway
Live fish imports into Norway fell modestly to 42 tons in 2022, declining by -1.5% compared with the previous year's figure. In general, imports saw a pronounced setback. The pace of growth was the most pronounced in 2021 with an increase of 0.9%.
In value terms, live fish imports rose to $3.3M in 2022. The total import value increased at an average annual rate of +4.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 14%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of Live Fish in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 62.6 | 29.3 | 193 | 556 | 107.1% |
| Czech Republic | 270 | 317 | 367 | 483 | 21.4% |
| Sweden | 1,002 | 709 | 700 | 480 | -21.8% |
| Singapore | 366 | 415 | 445 | 387 | 1.9% |
| Israel | 322 | 360 | 364 | 309 | -1.4% |
| Indonesia | 180 | 209 | 210 | 205 | 4.4% |
| Spain | 170 | 164 | 200 | 189 | 3.6% |
| Japan | 103 | 108 | 129 | 184 | 21.3% |
| Vietnam | 176 | 205 | 208 | 181 | 0.9% |
| Thailand | 81.5 | 100 | 138 | 110 | 10.5% |
| Netherlands | 7.4 | 47.7 | 40.0 | 52.0 | 91.5% |
| Sri Lanka | 19.7 | 23.5 | 21.8 | 8.2 | -25.3% |
| Others | 188 | 134 | 213 | 171 | -3.1% |
| Total | 2,948 | 2,822 | 3,230 | 3,317 | 4.0% |
Top Suppliers of Live Fish to Norway in 2022:
- Sweden (13.9 tons)
- United Kingdom (8.6 tons)
- Singapore (3.5 tons)
- Israel (2.6 tons)
- Spain (2.6 tons)
- Czech Republic (2.4 tons)
- Indonesia (1.7 tons)
- Vietnam (1.6 tons)
- Japan (1.4 tons)
- Netherlands (1.1 tons)
- Thailand (0.9 tons)
- Sri Lanka (0.3 tons)
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