World - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

World - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends And Insights

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Frozen fish and seafood market

Frozen fish and seafood market: find newly released info enhanced by an Ai-driven market intelligence platform. Datasets include exports, companies, imports, production, consumption, market prices, trade, and market size. Here is a split by country, including Africa, the Middle East, EU, the U.K., China, Russia, Latin America, and the U.S. Market insights and outlook to 2030 are also featured in the dashboards.

Frozen Fish and Seafood - World's Largest Markets

RatingCountry
1United States
2China
3Russia
4Japan
5India

In value terms, the United States, China and Russia appeared to be the countries with the highest levels of market value in 2020, together accounting for 29% of the global market. These countries were followed by Japan, India, Iceland, Spain, Thailand, Indonesia, South Korea, Nigeria, Mauritania and Vietnam, which together accounted for a further 25%.

In terms of the main consuming countries, Mauritania recorded the highest rates of growth with regard to market size, over the period under review, while frozen fish and seafood market for the other global leaders experienced more modest paces of growth.

Frozen Fish And Seafood Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Japan185520671719-3.7%
Russia220524552152-1.2%
Taiwan (Chinese)234121462218-2.7%
Norway2746279927620.3%
Netherlands2345254727768.8%
United States339233663099-4.4%
Spain389737303448-5.9%
China415542043958-2.4%
Indonesia423940654215-0.3%
Vietnam4282404546924.7%
India543051695183-2.3%
Ecuador599756975231-6.6%
Chile528149965270-0.1%
Average372436963544-2.5%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Chile ($5,270 per ton), while Japan ($1,719 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
United States823683096777-9.3%
Japan616258795991-1.4%
France602162225892-1.1%
Italy612959335860-2.2%
Germany4636475749032.8%
Spain485444064210-6.9%
Netherlands318134743110-1.1%
Russia2642249929084.9%
South Korea290428092763-2.5%
China2611290826350.5%
Thailand193022171839-2.4%
Cote d'Ivoire1055999932-6.0%
Nigeria7677878173.2%
Average363636783458-2.5%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was the United States ($6,777 per ton), while Nigeria ($817 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other global leaders experienced more modest paces of growth.

Frozen Fish and Seafood - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States121212-3.6%
China7.9119.912.1%
Japan9.38.68.3-5.1%
Spain5.85.33.9-17.8%
South Korea3.63.43.1-8.2%

In value terms, the largest frozen fish and seafood importing markets worldwide were the United States ($11.5B), China ($9.9B) and Japan ($8.3B), with a combined 42% share of global imports.

China recorded 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 mixed trends in the imports figures.

Frozen Fish and Seafood - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
China12119.2-11.6%
Vietnam5.75.65.1-5.6%
India66.25-9.2%
Ecuador3.44.147.4%
Russia3.84.13.91.6%

In value terms, the largest frozen fish and seafood supplying countries worldwide were China ($9.2B), Vietnam ($5.1B) and India ($5B), together comprising 29% of global exports. These countries were followed by Ecuador, Russia, Chile, Indonesia, the United States, Norway, the Netherlands, Spain, Taiwan (Chinese) and Japan, which together accounted for a further 38%.

Among the main exporting countries, the Netherlands saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Frozen Fish and Seafood - Market Forecast

Driven by rising demand for frozen fish and seafood worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Frozen Fish and Seafood - Top Companies

Hainan Guangtai Ocean Breeding Co.,Ltd., Zhengzhou Lvyuan Crocodile Breeding Co., Ltd., Austevoll Seafood ASA, Inner Mongolia Batuwan Fisheries Co., Ltd., Chongqing Beilong Xigu Agriculture Development Co.,Ltd., Wuzhi County Shiliang Aquaculture Specialty Cooperative, Wuwei County Xihe Comprehensive Breeding Specialty Cooperative, Qionghai Fuhuiluofeiyu Breeding Specialty Cooperative, Jianli County Zhouchengyuan Fishery, Huainan Xinhao Agriculture Ecological Garden Co.,Ltd., Empresas Aquachile S.A., Tongcheng Xiangtu Family Farm Co., Ltd., Lu'an Shenghui Special Breeding Co., Ltd., Wuhan Huachi Breeding Co., Ltd., Pingquan Shiqihai Special Lobster Aquaculture Co., Ltd., Yangqu County Wanghai Fisheries Co., Ltd., Negocios Industriales Real N.I.R.S.A. S.A, Pingtan County Huasheng Aquatic Products Development Co.,Ltd., P/F Bakkafrost Farming, TASSAL GROUP LIMITED

Frozen Fish and Seafood - Product Coverage

  • HS 0303 - Fish; frozen, excluding fish fillets and other fish meat of heading 0304
  • HS 030421 - Fish; swordfish (Xiphias gladius), fillets, frozen
  • HS 030422 - Fish; toothfish (Dissostichus spp.), fillets, frozen
  • HS 030429 - Fish; fillets, frozen, other than swordfish (Xiphias gladius) and toothfish (Dissostichus spp.)
  • HS 030461 - Fish fillets; frozen, tilapias (Oreochromis spp.)
  • HS 030462 - Fish fillets; frozen, catfish (Pangasius spp., Silurus spp., Clarias spp., Ictalurus spp.)
  • HS 030463 - Fish fillets; frozen, Nile Perch (Lates niloticus)
  • HS 030469 - Fish fillets; frozen, carp (Cyprinus/Carassius/Ctenopharyngodon idellus/Hypophthalmichthys/Cirrhinus/Mylopharyngodon piceus/Catla catla/Labeo/Osteochilus hasselti/Leptobarbus hoeveni/Megalobrama), eels (Anguilla) and snakeheads (Channa)
  • HS 030471 - Fish fillets; frozen, cod (Gadus morhua, Gadus ogac, Gadus macrocephalus)
  • HS 030472 - Fish fillets; frozen, haddock (Melanogrammus aeglefinus)
  • HS 030473 - Fish fillets; frozen, coalfish (Pollachius virens)
  • HS 030474 - Fish fillets; frozen, hake (Merluccius spp., Urophycis spp.)
  • HS 030475 - Fish fillets; frozen, Alaska pollack (Theragra chalcogramma)
  • HS 030479 - Fish fillets; frozen, of the families Bregmacerotidae, Euclichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae and Muraenolepididae other than cod, haddock, coalfish, hake, and Alaska pollack
  • HS 030481 - Fish fillets; frozen, salmon, Pacific (Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tschawytscha, Oncorhynchus kisutch, Oncorhynchus masou, Oncorhynchus rhodurus), Atlantic (Salmo salar), and Danube (Hucho hucho)
  • HS 030482 - Fish fillets; frozen, trout (Salmo trutta, Oncorhynchus mykiss, Oncorhynchus clarki, Oncorhynchus aguabonita, Oncorhynchus gilae, Oncorhynchus apache and Oncorhynchus chrysogaster)
  • HS 030483 - Fish fillets; frozen, flat fish (Pleuronectidae, Bothidae, Cynoglossidae, Soleidae, Scophthalmidae and Citharidae)
  • HS 030484 - Fish fillets; frozen, swordfish (Xiphias gladius)
  • HS 030485 - Fish fillets; frozen, toothfish (Dissostichus spp.)
  • HS 030486 - Fish fillets; frozen, herrings (Clupea harengus, Clupea pallasii)
  • HS 030487 - Fish fillets; frozen, tunas (of the genus Thunnus), skipjack or stripe-bellied bonito (Euthynnus (Katsuwonus) pelamis)
  • HS 030488 - Fish fillets; frozen, dogfish, other sharks, rays and skates (Rajidae)
  • HS 030489 - Fish fillets; frozen, of fish n.e.c. in heading 0304.8
  • HS 030491 - Fish; swordfish (Xiphias gladius), frozen, other than fillets
  • HS 030492 - Fish; toothfish (Dissostichus spp.), frozen, other than fillets
  • HS 030493 - Fish meat, excluding fillets, whether or not minced; frozen, tilapias, catfish, carp, eels, Nile perch, and snakeheads
  • HS 030494 - Fish meat, excluding fillets, whether or not minced; frozen, Alaska Pollack (Theragra chalcogramma)
  • HS 030495 - Fish meat, excluding fillets, whether or not minced; frozen, of the families Bregmacerotidae, Euclichthyidae, Gadidae, Macrouridae, Melanonidae, Merlucciidae, Moridae and Muraenolepididae, other than Alaska Pollack (Theragra chalcogramma)
  • HS 030496 - Fish meat, excluding fillets, whether or not minced; frozen, dogfish and other sharks
  • HS 030497 - Fish meat, excluding fillets, whether or not minced; frozen, rays and skates (Rajidae)
  • HS 030499 - Fish; fish meat (whether or not minced) other than fillets, frozen, excluding swordfish (Xiphias gladius) and toothfish (Dissostichus spp.)
  • HS 030611 - Crustaceans; rock lobsters and other sea crawfish (palinurus spp., panulirus spp., jasus spp.), frozen (whether in shell or not, whether or not cooked by steaming or by boiling in water)
  • HS 030612 - Crustaceans; lobsters (homarus spp.), frozen (whether in shell or not, whether or not cooked by steaming or by boiling in water)
  • HS 030614 - Crustaceans; frozen, crabs, in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water
  • HS 030615 - Crustaceans; frozen, Norway lobsters (Nephrops norvegicus), in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water
  • HS 030616 - Crustaceans; frozen, cold-water shrimps and prawns (Pandalus spp., Crangon crangon), in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water
  • HS 030617 - Crustaceans; frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water
  • HS 030619 - Crustaceans; frozen, n.e.s. in item no. 0306.1 (whether in shell or not, whether or not cooked by steaming or by boiling in water)
  • HS 030712 - Molluscs; oysters, whether in shell or not, frozen
  • HS 030722 - Molluscs; scallops, whether in shell or not, including queen scallops of the genera Pecten, Chlamys or Placopecten, frozen
  • HS 030732 - Molluscs; mussels (Mytilus spp., Perna spp.), whether in shell or not, frozen
  • HS 030743 - Molluscs; cuttle fish and squid, whether in shell or not, includes flours, meals, and pellets of molluscs, fit for human consumption, frozen
  • HS 030752 - Molluscs; octopus (Octopus spp.), frozen
  • HS 030759 - Molluscs; octopus (Octopus spp.), frozen, dried, salted, in brine, or smoked, cooked or not before or during the smoking process

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for frozen fish and seafood. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10201330 - Frozen whole salt water fish
  • Prodcom 10201360 - Frozen whole fresh water fish
  • Prodcom 10201400 - Frozen fish fillets
  • Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
  • Prodcom 10201600 - Frozen fish livers and roes

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
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