Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Norway - 2024
Contents:
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Norway (FOB) - 2024
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Norway (CIF) - 2024
- Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Norway
- Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Norway
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Norway (FOB) - 2024
The average export price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s stood at $8,474 per ton in January 2024, declining by -3.4% against the previous month. Overall, the export price saw a mild reduction. The pace of growth was the most pronounced in April 2023 an increase of 39% month-to-month. As a result, the export price reached the peak level of $11,812 per ton. From May 2023 to January 2024, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was Sweden ($11,911 per ton), while the average price for exports to China ($2,054 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Norway (CIF) - 2024
In January 2024, the average import price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s amounted to $9,799 per ton, surging by 2.1% against the previous month. In general, the import price, however, saw a mild contraction. The most prominent rate of growth was recorded in June 2023 an increase of 14% against the previous month. Over the period under review, average import prices reached the peak figure at $12,035 per ton in July 2023; however, from August 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Iceland ($11,950 per ton), while the price for Poland ($5,449 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Iceland (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Norway
After three years of growth, shipments abroad of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s decreased by -23.4% to 9.9K tons in 2022. Overall, exports showed a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 17%. As a result, the exports reached the peak of 13K tons, and then fell dramatically in the following year.
In value terms, exports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s shrank significantly to $87M in 2022. In general, exports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. As a result, the exports attained the peak of $115M, and then declined sharply in the following year.
| Export of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 27.1 | 25.6 | 38.9 | 33.5 | 7.3% |
| Sweden | 17.1 | 19.7 | 18.1 | 15.8 | -2.6% |
| United States | 14.6 | 15.3 | 15.8 | 7.0 | -21.7% |
| France | 14.5 | 16.6 | 17.2 | 6.7 | -22.7% |
| Netherlands | 8.5 | 10.3 | 11.7 | 6.4 | -9.0% |
| Portugal | 0.4 | N/A | 0.1 | 4.3 | 120.7% |
| Spain | 1.2 | 1.0 | 2.1 | 3.8 | 46.8% |
| Canada | 4.5 | 5.8 | 4.7 | 3.6 | -7.2% |
| Others | 6.2 | 7.2 | 6.2 | 6.4 | 1.1% |
| Total | 94.0 | 101 | 115 | 87.4 | -2.4% |
Top Export Markets for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) from Norway in 2022:
- United Kingdom (3.3K tons)
- Sweden (1.4K tons)
- Netherlands (1.2K tons)
- Spain (1.0K tons)
- Portugal (0.8K tons)
- France (0.7K tons)
- United States (0.5K tons)
- Canada (0.3K tons)
Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Norway
In 2022, the amount of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s imported into Norway reduced notably to 3.9K tons, declining by -22% on the previous year's figure. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 2.3%.
In value terms, imports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s declined to $41M in 2022. Overall, imports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 4.4% against the previous year. As a result, imports reached the peak of $46M, and then declined in the following year.
| Import of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Lithuania | 2.5 | 4.9 | 8.8 | 10.1 | 59.3% |
| China | 15.1 | 11.9 | 8.6 | 9.1 | -15.5% |
| Latvia | 15.2 | 13.4 | 15.7 | 8.5 | -17.6% |
| Russia | 5.1 | 5.2 | 4.6 | 4.7 | -2.7% |
| Poland | 2.3 | 2.6 | 3.9 | 3.0 | 9.3% |
| Netherlands | N/A | 1.0 | 0.2 | 1.1 | 4.9% |
| Vietnam | N/A | 0.6 | 0.7 | 0.9 | 22.5% |
| Iceland | 1.0 | 0.5 | 0.7 | 0.5 | -20.6% |
| Estonia | 2.6 | 1.2 | N/A | N/A | -53.8% |
| Others | 2.0 | 2.9 | 3.2 | 2.6 | 9.1% |
| Total | 45.8 | 44.3 | 46.2 | 40.5 | -4.0% |
Top Suppliers of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) to Norway in 2022:
- Lithuania (928.6 tons)
- China (830.0 tons)
- Latvia (634.5 tons)
- Russia (504.8 tons)
- Poland (338.9 tons)
- Netherlands (130.9 tons)
- Vietnam (116.0 tons)
- Iceland (59.9 tons)
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