Finland: Frozen Fish Fillet Market 2025

Frozen Fish Fillet Market Size in Finland

After three years of decline, the Finnish frozen fish fillet market increased by 25% to $X in 2022. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Frozen fish fillet consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Frozen Fish Fillet Production in Finland

In value terms, frozen fish fillet production surged to $X in 2022 estimated in export price. Overall, production saw a pronounced increase. The growth pace was the most rapid in 2016 when the production volume increased by 82%. Frozen fish fillet production peaked in 2022 and is expected to retain growth in years to come.

Frozen Fish Fillet Exports

Exports from Finland

In 2022, exports of frozen fish fillet from Finland contracted sharply to X tons, shrinking by -68.2% against the previous year's figure. Overall, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2020 with an increase of 575% against the previous year. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, frozen fish fillet exports shrank markedly to $X in 2022. In general, exports, however, saw a moderate expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 507% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Estonia (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of frozen fish fillet exports from Finland, together accounting for 97% of total exports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +8.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Estonia ($X) and Sweden ($X) were the largest markets for frozen fish fillet exported from Finland worldwide, together accounting for 95% of total exports.

Among the main countries of destination, Sweden, with a CAGR of +7.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average frozen fish fillet export price amounted to $X per ton, surging by 45% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +9.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish fillet export price increased by +46.0% against 2020 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 52%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Vietnam ($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 Vietnam (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into Finland

In 2022, after four years of decline, there was significant growth in overseas purchases of frozen fish fillet, when their volume increased by 20% to X tons. Overall, imports, however, recorded a pronounced decline. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, frozen fish fillet imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a slight slump. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Norway (X tons) constituted the largest frozen fish fillet supplier to Finland, with a 33% share of total imports. Moreover, frozen fish fillet imports from Norway exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from Norway totaled +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+2.9% per year) and China (-9.0% per year).

In value terms, Norway ($X) constituted the largest supplier of frozen fish fillet to Finland, comprising 39% of total imports. The second position in the ranking was held by Poland ($X), with an 11% share of total imports. It was followed by Sweden, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value from Norway amounted to +9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+4.7% per year) and Sweden (-2.6% per year).

Import Prices by Country

In 2022, the average frozen fish fillet import price amounted to $X per ton, increasing by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2019 when the average import price increased by 18%. The import price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Belgium ($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 (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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