Norway: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Norway

The Norwegian dried or salted fish market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, showed a abrupt downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Dried Or Salted Fish in Norway

In value terms, dried or salted fish production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated slight growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Exports of Dried Or Salted Fish

Exports from Norway

In 2022, shipments abroad of dried or salted fish increased by X% to X tons, rising for the second year in a row after six years of decline. In general, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, dried or salted fish exports soared to $X in 2022. Overall, exports, however, showed a perceptible curtailment. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Portugal (X tons) was the main destination for dried or salted fish exports from Norway, with a X% share of total exports. Moreover, dried or salted fish exports to Portugal exceeded the volume sent to the second major destination, Brazil (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (X% per year) and Italy (X% per year).

In value terms, Portugal ($X) remains the key foreign market for dried or salted fish exports from Norway, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the average dried or salted fish export price amounted to $X per ton, picking up by X% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dried or salted fish export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Lithuania ($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 the Dominican Republic (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports into Norway

In 2022, supplies from abroad of dried or salted fish was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. Overall, imports, however, faced a precipitous contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, dried or salted fish imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a abrupt slump. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest dried or salted fish supplier to Norway, with a X% share of total imports. Moreover, dried or salted fish imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. The third position in this ranking was held by the Netherlands (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and the Netherlands (X% per year).

In value terms, China ($X), Iceland ($X) and Vietnam ($X) appeared to be the largest dried or salted fish suppliers to Norway, together accounting for X% of total imports.

Vietnam, with a CAGR of X%, saw 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 mixed trend patterns.

Import Prices by Country

The average dried or salted fish import price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price, however, posted a prominent increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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

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

Source: IndexBox Platform

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