Finland: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Finland

The Finnish battered fish fillet market rose rapidly to $X in 2021, increasing by 10% against the previous year. Over the period under review, the total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.2% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Battered Fish Fillet Production in Finland

In value terms, battered fish fillet production surged to $X in 2021 estimated in export price. Overall, production posted buoyant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 188%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Battered Fish Fillet Exports

Exports from Finland

In 2021, overseas shipments of fish fillets in batter or breadcrumbs increased by 21% to X tons, rising for the third consecutive year after three years of decline. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 112%. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports soared to $X in 2021. Overall, exports showed measured growth. The most prominent rate of growth was recorded in 2014 with an increase of 92% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Estonia (X tons) was the main destination for battered fish fillet exports from Finland, with a 94% share of total exports. Moreover, battered fish fillet exports to Estonia exceeded the volume sent to the second major destination, Sweden (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Estonia stood at +3.8%.

In value terms, Estonia ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from Finland, comprising 93% of total exports. The second position in the ranking was taken by Sweden ($X), with a 3.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia totaled +8.1%.

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, declining by -3.1% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, battered fish fillet export price decreased by -15.5% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 75%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Sweden totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+4.2%).

Battered Fish Fillet Imports

Imports into Finland

In 2021, imports of fish fillets in batter or breadcrumbs into Finland contracted slightly to X tons, reducing by -2.4% compared with the previous year. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 31%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, battered fish fillet imports shrank slightly to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 25% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Germany (X tons), Sweden (X tons) and France (X tons) were the main suppliers of battered fish fillet imports to Finland, together comprising 63% of total imports. These countries were followed by Poland, Belgium, Denmark, Estonia and the Netherlands, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Belgium (with a CAGR of +52.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest battered fish fillet suppliers to Finland were Germany ($X), Sweden ($X) and France ($X), with a combined 63% share of total imports. Poland, Denmark, Belgium, the Netherlands and Estonia lagged somewhat behind, together accounting for a further 37%.

Belgium, with a CAGR of +41.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average battered fish fillet import price amounted to $X per ton, remaining stable against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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