Scandinavia: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Scandinavia

The Scandinavia market for fresh or chilled salmonoids meat declined dramatically to $X in 2022, with a decrease of -31.5% against the previous year. In general, consumption, however, posted a significant increase. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Fresh Or Chilled Salmonoids Meat in Scandinavia

In value terms, fresh or chilled salmonoids meat production expanded to $X in 2022 estimated in export price. In general, production recorded a significant expansion. The growth pace was the most rapid in 2017 when the production volume increased by 949% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Fresh Or Chilled Salmonoids Meat

Exports in Scandinavia

In 2022, fresh or chilled salmonoids meat exports in Scandinavia skyrocketed to X tons, rising by 95% compared with the year before. In general, exports saw a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 11,350% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, fresh or chilled salmonoids meat exports skyrocketed to $X in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2013 with an increase of 6,712% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden was the largest exporter of fresh or chilled salmonoids meat in Scandinavia, with the volume of exports amounting to X tons, which was approx. 71% of total exports in 2022. It was distantly followed by Norway (X tons), making up a 28% share of total exports.

Sweden was also the fastest-growing in terms of the fresh or chilled salmonoids meat exports, with a CAGR of +46.5% from 2012 to 2022. At the same time, Norway (+13.4%) displayed positive paces of growth. Sweden (+70 p.p.) and Norway (+27 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fresh or chilled salmonoids meat supplying countries in Scandinavia were Sweden ($X) and Norway ($X).

In terms of the main exporting countries, Sweden, with a CAGR of +48.9%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, declining by -30.4% against the previous year. Over the period under review, the export price showed a pronounced decline. The most prominent rate of growth was recorded in 2019 an increase of 220%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+9.8%).

Imports of Fresh Or Chilled Salmonoids Meat

Imports in Scandinavia

In 2022, fresh or chilled salmonoids meat imports in Scandinavia reduced remarkably to X tons, falling by -37.5% on 2021. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 4,380%. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, fresh or chilled salmonoids meat imports fell markedly to $X in 2022. In general, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 4,137% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Sweden (X tons) and Finland (X tons) prevails in imports structure, together mixing up 96% of total imports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sweden (with a CAGR of +87.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2022.

Sweden, with a CAGR of +90.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, picking up by 23% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 31%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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