Finland: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Finland

In 2022, the Finnish frozen fish and seafood market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Frozen Fish And Seafood in Finland

In value terms, frozen fish and seafood production rose remarkably to $X in 2022 estimated in export price. Over the period under review, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Frozen Fish And Seafood

Exports from Finland

In 2022, the amount of frozen fish and seafood exported from Finland soared to X tons, rising by X% on 2021 figures. Over the period under review, total exports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, frozen fish and seafood exports fell to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons) was the main destination for frozen fish and seafood exports from Finland, accounting for a X% share of total exports. Moreover, frozen fish and seafood exports to Estonia exceeded the volume sent to the second major destination, Australia (X tons), fourfold. The third position in this ranking was taken by Belarus (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Belarus (X% per year).

In value terms, Estonia ($X) remains the key foreign market for frozen fish and seafood exports from Finland, comprising X% of total exports. The second position in the ranking was taken by Australia ($X), with a X% share of total exports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Estonia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the average frozen fish and seafood export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a mild descent. The most prominent rate of growth was recorded in 2021 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports into Finland

Frozen fish and seafood imports into Finland skyrocketed to X tons in 2022, jumping by X% compared with the previous year. In general, imports, however, recorded a slight curtailment. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish and seafood imports skyrocketed to $X in 2022. Overall, imports recorded a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Denmark (X tons) and Poland (X tons) were the main suppliers of frozen fish and seafood imports to Finland, with a combined X% share of total imports. Norway, Sweden, Canada, Lithuania, Germany, Belgium, China, Estonia and Vietnam lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish and seafood suppliers to Finland were the Netherlands ($X), Denmark ($X) and Norway ($X), with a combined X% share of total imports. Sweden, Poland, Belgium, Germany, Lithuania, Canada, Estonia, China and Vietnam lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen fish and seafood import price stood at $X per ton in 2022, surging 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, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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