Scandinavia: Frozen Fish Market 2024

Frozen Fish Market Size in Scandinavia

The Scandinavia frozen fish market reduced modestly to $X in 2022, almost unchanged from the previous year. Overall, consumption showed a pronounced shrinkage. 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.

Frozen Fish Production in Scandinavia

In value terms, frozen fish production expanded sharply to $X in 2022 estimated in export price. Overall, production showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Frozen Fish Exports

Exports in Scandinavia

In 2022, overseas shipments of frozen fish decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, frozen fish exports expanded sharply to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Norway prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Sweden (X tons), generating a X% share of total exports. Finland (X tons) held a little share of total exports.

Norway experienced a relatively flat trend pattern with regard to volume of exports of frozen fish. At the same time, Sweden (X%) and Finland (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Sweden increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest frozen fish supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with an X% share of total exports.

In Norway, frozen fish exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sweden (X% per year) and Finland (X% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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 (X%), while the other leaders experienced mixed trends in the export price figures.

Frozen Fish Imports

Imports in Scandinavia

In 2022, the amount of frozen fish imported in Scandinavia reached X tons, therefore, remained relatively stable against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when imports increased by X%. The volume of import peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, frozen fish imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Imports by Country

Sweden was the main importer of frozen fish in Scandinavia, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Norway (X tons), mixing up a X% share of total imports. Finland (X tons) followed a long way behind the leaders.

Sweden was also the fastest-growing in terms of the frozen fish imports, with a CAGR of X% from 2012 to 2022. Norway (X%) and Finland (X%) illustrated a downward trend over the same period. Sweden (X p.p.) significantly strengthened its position in terms of the total imports, while Finland and Norway saw its share reduced by X% and X% from 2012 to 2022, respectively.

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

In Sweden, frozen fish imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Norway (X% per year) and Finland (X% per year).

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2022, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :