Scandinavia: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Scandinavia

In 2022, the Scandinavia seafood meals and pellets market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, showed a noticeable decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Scandinavia

In value terms, seafood meals and pellets production rose modestly to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports in Scandinavia

After four years of growth, overseas shipments of flours, meals and pellets of fish or of crustaceans and molluscs decreased by X% to X tons in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2021, and then contracted significantly in the following year.

In value terms, seafood meals and pellets exports fell rapidly to $X in 2022. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

Norway dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by Finland (X tons), achieving a X% share of total exports.

Exports from Norway increased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Finland increased by X percentage points.

In value terms, Norway ($X) remains the largest seafood meals and pellets supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

In Norway, seafood meals and pellets exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%).

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports in Scandinavia

In 2022, purchases abroad of flours, meals and pellets of fish or of crustaceans and molluscs increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, continue to indicate a mild setback. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, seafood meals and pellets imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Norway prevails in imports structure, finishing at X tons, which was approx. X% of total imports in 2022. Sweden (X tons) followed a long way behind the leaders.

Norway was also the fastest-growing in terms of the flours, meals and pellets of fish or of crustaceans and molluscs imports, with a CAGR of X% from 2012 to 2022. Sweden (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported flours, meals and pellets of fish or of crustaceans and molluscs in Scandinavia, comprising X% of total imports. The second position in the ranking was taken by Sweden ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Norway was relatively modest.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per ton), while Sweden amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%).

Source: IndexBox Platform

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