Finland: Frozen Fish Meat Market 2024

Frozen Fish Meat Market Size in Finland

In 2023, the Finnish frozen fish meat market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw resilient growth. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Frozen Fish Meat Production in Finland

In value terms, frozen fish meat production totaled $X in 2023 estimated in export price. Over the period under review, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2023, production failed to regain momentum.

Frozen Fish Meat Exports

Exports from Finland

In 2023, exports of frozen fish meat from Finland stood at X tons, with an increase of X% compared with 2022. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, frozen fish meat exports soared to $X in 2023. Over the period under review, exports posted strong growth. The growth pace was the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for frozen fish meat exports from Finland, accounting for a X% share of total exports. Moreover, frozen fish meat exports to Japan exceeded the volume sent to the second major destination, Germany (X tons), eightfold.

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

In value terms, Japan ($X) remains the key foreign market for frozen fish meat exports from Finland, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with an X% share of total exports.

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

Export Prices by Country

In 2023, the average frozen fish meat export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Germany ($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 Estonia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Fish Meat Imports

Imports into Finland

In 2023, overseas purchases of frozen fish meat were finally on the rise to reach X tons after two years of decline. Over the period under review, imports showed resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen fish meat imports surged to $X in 2023. Overall, imports recorded buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X tons), Poland (X tons) and Sweden (X tons) were the main suppliers of frozen fish meat imports to Finland, with a combined X% share of total imports. Lithuania, the Netherlands, Estonia and Canada lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Poland ($X) and Sweden ($X) constituted the largest frozen fish meat suppliers to Finland, together accounting for X% of total imports. Lithuania, the Netherlands, Estonia and Canada lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 frozen fish meat import price amounted to $X per ton, approximately reflecting the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform