Global Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size

In 2020, the global frozen atlantic halibut market decreased by -X% to $X for the first time since 2017, thus ending a two-year rising trend. Overall, the total consumption indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2018 when the market value increased by X% year-to-year. Global consumption peaked at $X in 2019, and then declined in the following year.

Frozen Atlantic Halibut Production

In value terms, frozen atlantic halibut production surged to $X in 2020 estimated in export prices. Over the period under review, the total production indicated a resilient expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2016 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Production By Country

Denmark (X tons) remains the largest frozen atlantic halibut producing country worldwide, comprising approx. X% of total volume. Moreover, frozen atlantic halibut production in Denmark exceeded the figures recorded by the second-largest producer, Canada (X tons), twofold. Norway (X tons) ranked third in terms of total production with a X% share.

In Denmark, frozen atlantic halibut production remained relatively stable over the period from 2007-2020. In the other countries, the average annual rates were as follows: Canada (+X% per year) and Norway (+X% per year).

Frozen Atlantic Halibut Exports

Exports

In 2020, the amount of frozen atlantic halibut exported worldwide skyrocketed to X tons, with an increase of X% on 2019. Over the period under review, total exports indicated a notable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2014 indices. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen atlantic halibut exports soared to $X in 2020. In general, total exports indicated a prominent expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports increased by +X% against 2014 indices. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2020, Denmark (X tons) was the largest exporter of frozen atlantic halibut, comprising X% of total exports. Norway (X tons) occupied the second position in the ranking, followed by Spain (X tons), Russia (X tons), Canada (X tons), China (X tons) and Germany (X tons). All these countries together took near X% share of total exports.

Denmark was also the fastest-growing in terms of the frozen atlantic halibut exports, with a CAGR of +X% from 2007 to 2020. At the same time, China (+X%), Norway (+X%), Spain (+X%) and Germany (+X%) displayed positive paces of growth. Russia and Canada experienced a relatively flat trend pattern. From 2007 to 2020, the share of Denmark and China increased by +X% and +X% percentage points, while Germany (-X p.p.), Norway (-X p.p.), Spain (-X p.p.), Canada (-X p.p.) and Russia (-X p.p.) saw their share reduced.

In value terms, Denmark ($X) emerged as the largest frozen atlantic halibut supplier worldwide, comprising X% of global exports. The second position in the ranking was occupied by Norway ($X), with a X% share of global exports. It was followed by Spain, with a X% share.

In Denmark, frozen atlantic halibut exports increased at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Norway (+X% per year) and Spain (+X% per year).

Export Prices by Country

In 2020, the average frozen atlantic halibut export price amounted to $X per ton, shrinking by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the average export price increased by X% y-o-y. Global export price peaked at $X per ton in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.

Frozen Atlantic Halibut Imports

Imports

In 2020, after two years of growth, there was significant decline in purchases abroad of frozen atlantic halibut, when their volume decreased by -X% to X tons. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X% y-o-y. Over the period under review, global imports reached the peak figure at X tons in 2019, and then dropped in the following year.

In value terms, frozen atlantic halibut imports fell rapidly to $X in 2020. In general, total imports indicated a noticeable increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% year-to-year. Global imports peaked at $X in 2019, and then contracted markedly in the following year.

Imports by Country

China (X tons) and Denmark (X tons) represented roughly X% of total imports of frozen atlantic halibut in 2020. It was distantly followed by Japan (X tons) and Taiwan (Chinese) (X tons), together generating a X% share of total imports. Hong Kong SAR (X tons) and Poland (X tons) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest frozen atlantic halibut importing markets worldwide were China ($X), Denmark ($X) and Japan ($X), with a combined X% share of global imports.

China saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average frozen atlantic halibut import price amounted to $X per ton, declining by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019, and then declined in the following year.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Taiwan (Chinese) ($X per ton) and Japan ($X per ton), while Poland ($X per ton) and China ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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