Switzerland: Market for Frozen Fish and Seafood 2024

Market Size for Frozen Fish and Seafood in Switzerland

The Swiss frozen fish and seafood market declined to $X in 2023, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Frozen fish and seafood consumption peaked at $X in 2022, and then contracted in the following year.

Production of Frozen Fish and Seafood in Switzerland

In value terms, frozen fish and seafood production reduced to $X in 2023 estimated in export price. In general, the total production indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Frozen fish and seafood production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

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Exports of Frozen Fish and Seafood

Exports from Switzerland

In 2023, shipments abroad of frozen fish and seafood decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, exports recorded a slight descent. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The exports peaked at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, frozen fish and seafood exports contracted significantly to $X in 2023. Overall, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Germany (X tons), the Netherlands (X tons) and Denmark (X tons) were the main destinations of frozen fish and seafood exports from Switzerland, with a combined X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Denmark ($X) constituted the largest markets for frozen fish and seafood exported from Switzerland worldwide, with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen fish and seafood export price stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the export price saw strong growth. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish and Seafood

Imports into Switzerland

After three years of growth, supplies from abroad of frozen fish and seafood decreased by X% to X tons in 2023. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, frozen fish and seafood imports contracted to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then shrank in the following year.

Imports by Country

In 2023, Vietnam (X tons) constituted the largest frozen fish and seafood supplier to Switzerland, accounting for a X% share of total imports. Moreover, frozen fish and seafood imports from Vietnam exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. The third position in this ranking was taken by the Netherlands (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Vietnam totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and the Netherlands (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of frozen fish and seafood to Switzerland, comprising X% of total imports. The second position in the ranking was taken by Norway ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Vietnam was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2023, the average frozen fish and seafood import price amounted to $X per ton, approximately mirroring the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. The import price peaked in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Faroe Islands ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform