Finland: Preserved Salmon Market 2024

Preserved Salmon Market Size in Finland

In 2022, the Finnish preserved salmon market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed notable growth. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Preserved Salmon Production in Finland

In value terms, preserved salmon production soared to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Preserved Salmon Exports

Exports from Finland

In 2022, approx. X tons of salmon (prepared or preserved) were exported from Finland; picking up by X% on the previous year. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, preserved salmon exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tons) was the main destination for preserved salmon exports from Finland, accounting for a X% share of total exports. Moreover, preserved salmon exports to Norway exceeded the volume sent to the second major destination, Estonia (X tons), eightfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Iraq (X% per year).

In value terms, Norway ($X) emerged as the key foreign market for salmon (prepared or preserved) exports from Finland, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (X% per year) and Iraq (X% per year).

Export Prices by Country

The average preserved salmon export price stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Iraq ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Preserved Salmon Imports

Imports into Finland

In 2022, the amount of salmon (prepared or preserved) imported into Finland plummeted to X tons, waning by X% against 2021 figures. Over the period under review, imports showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved salmon imports declined sharply to $X in 2022. In general, imports showed a perceptible descent. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) constituted the largest preserved salmon supplier to Finland, accounting for a X% share of total imports. Moreover, preserved salmon imports from Sweden exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by Estonia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Estonia (X% per year).

In value terms, the largest preserved salmon suppliers to Finland were Sweden ($X), Germany ($X) and Estonia ($X), together accounting for X% of total imports.

Among the main suppliers, Sweden, with a CAGR of X%, saw 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 2022, the average preserved salmon import price amounted to $X per ton, standing approx. at the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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