Norway - Herrings (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Herring Price in Norway - 2023
Contents:
- Preserved Herring Price in Norway (FOB) - 2023
- Preserved Herring Price in Norway (CIF) - 2023
- Preserved Herring Exports in Norway
- Preserved Herring Imports in Norway
Preserved Herring Price in Norway (FOB) - 2023
In August 2023, the average preserved herring export price amounted to $2,331 per ton, approximately reflecting the previous month. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 6.2% m-o-m. The export price peaked in August 2023.
Average prices varied noticeably for the major overseas markets. In August 2023, the highest price was recorded for prices to Sweden ($2,504 per ton) and Germany ($2,483 per ton), while the average price for exports to Poland ($2,257 per ton) and Denmark ($2,339 per ton) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.
Preserved Herring Price in Norway (CIF) - 2023
The average preserved herring import price stood at $5,794 per ton in August 2023, rising by 2.9% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +2.0%. The pace of growth appeared the most rapid in July 2023 an increase of 21% against the previous month. The import price peaked in August 2023.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was Sweden ($5,976 per ton), while the price for Latvia ($5,222 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 Sweden (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Herring Exports in Norway
In 2022, overseas shipments of herrings (prepared or preserved) decreased by -3.7% to 16K tons, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 10% against the previous year. As a result, the exports attained the peak of 18K tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, preserved herring exports contracted to $37M in 2022. The total export value increased at an average annual rate of +8.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 15% against the previous year.
| Export of Preserved Herring in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 13.7 | 15.6 | 16.1 | 21.1 | 15.5% |
| Sweden | 10.0 | 11.8 | 12.6 | 10.3 | 1.0% |
| Denmark | 4.7 | 3.1 | 7.4 | 3.3 | -11.1% |
| Germany | N/A | 0.1 | 1.5 | 1.8 | 324.3% |
| Others | 0.9 | 3.0 | 0.9 | 0.6 | -12.6% |
| Total | 29.3 | 33.5 | 38.4 | 37.1 | 8.2% |
Top Export Markets for Preserved Herring from Norway in 2022:
- Poland (9.3K tons)
- Sweden (4.7K tons)
- Denmark (1.4K tons)
- Germany (0.9K tons)
Preserved Herring Imports in Norway
For the third year in a row, Norway recorded decline in supplies from abroad of herrings (prepared or preserved), which decreased by -17.2% to 1K tons in 2022. Over the period under review, imports showed a abrupt decrease. The smallest decline of -9.6% was in 2020.
In value terms, preserved herring imports declined rapidly to $4.6M in 2022. In general, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2021 with an increase of 6.7% against the previous year. As a result, imports attained the peak of $5.5M, and then reduced rapidly in the following year.
| Import of Preserved Herring in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 4.1 | 3.9 | 3.9 | 3.3 | -7.0% |
| Sweden | 0.7 | 1.0 | 1.1 | 1.0 | 12.6% |
| Denmark | 0.3 | N/A | 0.2 | 0.1 | -30.7% |
| Lithuania | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Latvia | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 5.3 | 5.2 | 5.5 | 4.6 | -4.6% |
Top Suppliers of Preserved Herring to Norway in 2022:
- Poland (714.8 tons)
- Sweden (243.9 tons)
- Denmark (18.9 tons)
- Latvia (16.1 tons)
- Lithuania (15.8 tons)
This report provides an in-depth analysis of the preserved herring 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 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)
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
-
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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