Norway - Smoked Herrings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSmoked Herring Price in Norway - 2023
Contents:
- Smoked Herring Price in Norway (CIF) - 2022
- Smoked Herring Price in Norway (FOB) - 2022
- Smoked Herring Imports in Norway
- Smoked Herring Exports in Norway
Smoked Herring Price in Norway (CIF) - 2022
The average smoked herring import price stood at $9,798 per ton in 2022, which is down by -2.7% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, smoked herring import price increased by +63.2% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 58%. The import price peaked at $10,071 per ton in 2021, and then contracted in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($9,878 per ton), while the price for Canada amounted to $6,770 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+26.6%).
Smoked Herring Price in Norway (FOB) - 2022
The average smoked herring export price stood at $20,715 per ton in 2022, picking up by 29% against the previous year. In general, the export price saw a resilient increase. The growth pace was the most rapid in 2020 an increase of 157% against the previous year. As a result, the export price attained the peak level of $20,830 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($22,644 per ton), while the average price for exports to Jordan totaled $11,489 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Smoked Herring Imports in Norway
For the third consecutive year, Norway recorded decline in overseas purchases of smoked herrings, which decreased by -6.8% to 4.9 tons in 2022. Overall, imports recorded a abrupt downturn.
In value terms, smoked herring imports declined to $48K in 2022. In general, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when imports increased by 3.8% against the previous year. As a result, imports reached the peak of $59K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Smoked Herring in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 46.1 | 59.2 | 53.3 | 47.5 | 1.0% |
| Canada | 10.5 | N/A | N/A | 0.9 | -55.9% |
| Others | 0.4 | N/A | N/A | N/A | 0% |
| Total | 57.0 | 59.2 | 53.3 | 48.4 | -5.3% |
Top Suppliers of Smoked Herring to Norway in 2022:
- Denmark (4.8 tons)
- Canada (0.1 tons)
Smoked Herring Exports in Norway
For the third year in a row, Norway recorded decline in shipments abroad of smoked herrings, which decreased by -63% to 509 kg in 2022. In general, exports faced a sharp shrinkage. The smallest decline of -1.9% was in 2021.
In value terms, smoked herring exports shrank sharply to $11K in 2022. Overall, exports continue to indicate a sharp slump. The most prominent rate of growth was recorded in 2020 when exports increased by 7.3% against the previous year. As a result, the exports reached the peak of $29K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Smoked Herring in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 2.8 | 27.5 | 22.0 | 9.5 | 50.3% |
| Jordan | N/A | N/A | N/A | 1.0 | 0% |
| United Arab Emirates | 2.9 | 1.7 | 0.1 | N/A | -81.4% |
| Singapore | 20.2 | N/A | N/A | N/A | 0% |
| Italy | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.9 | N/A | N/A | N/A | 0% |
| Total | 27.2 | 29.2 | 22.1 | 10.5 | -27.2% |
Top Export Markets for Smoked Herring from Norway in 2022:
- Switzerland (421.0 kg)
- Jordan (88.0 kg)
This report provides an in-depth analysis of the smoked 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 10202455 - Smoked herrings (including fillets, excluding heads, tails and maws)
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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