Finland: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Finland

In 2023, after two years of growth, there was significant decline in the Finnish fresh fish fillet market, when its value decreased by X% to $X. Overall, consumption, however, enjoyed a remarkable increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Fresh Fish Fillet Production in Finland

In value terms, fresh fish fillet production expanded slightly to $X in 2023 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Fresh Fish Fillet Exports

Exports from Finland

In 2023, approx. X tons of fresh or chilled fish fillets were exported from Finland; shrinking by X% on the previous year. Over the period under review, exports recorded a perceptible decrease. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, fresh fish fillet exports dropped to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for fresh fish fillet exports from Finland, accounting for a X% share of total exports. Moreover, fresh fish fillet exports to Sweden exceeded the volume sent to the second major destination, Estonia (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Sweden stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Spain (X% per year).

In value terms, Sweden ($X) remains the key foreign market for fresh or chilled fish fillets exports from Finland, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value to Sweden amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Spain (X% per year).

Export Prices by Country

The average fresh fish fillet export price stood at $X per ton in 2023, jumping by X% against the previous year. Over the period under review, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Fish Fillet Imports

Imports into Finland

In 2023, fresh fish fillet imports into Finland fell dramatically to X tons, which is down by X% against 2022. Overall, imports, however, showed slight growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at X tons in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, fresh fish fillet imports fell to $X in 2023. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2022, and then fell in the following year.

Imports by Country

Norway (X tons), Sweden (X tons) and the Netherlands (X tons) were the main suppliers of fresh fish fillet imports to Finland, with a combined X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest fresh fish fillet suppliers to Finland were Norway ($X), Sweden ($X) and the Netherlands ($X), with a combined X% share of total imports.

Sweden, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average fresh fish fillet import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X%. The import price peaked in 2023 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iceland ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform