Finland: Frozen Fish Market 2024

Frozen Fish Market Size in Finland

The Finnish frozen fish market expanded remarkably to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Frozen Fish Production in Finland

In value terms, frozen fish production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a moderate 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, production increased by X% against 2020 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Frozen Fish Exports

Exports from Finland

Frozen fish exports from Finland surged to X tons in 2022, jumping by X% against 2021 figures. Over the period under review, total exports indicated a pronounced increase 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 was the most pronounced in 2020 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen fish exports declined to $X in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for frozen fish exports from Finland, accounting for a X% share of total exports. Moreover, frozen fish exports to Estonia exceeded the volume sent to the second major destination, Australia (X tons), fourfold. The third position in this ranking was held 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 ($X) remains the key foreign market for frozen fish exports from Finland, comprising X% of total exports. The second position in the ranking was held by Australia ($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 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).

Export Prices by Country

The average frozen fish export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price showed a slight downturn. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 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.

Frozen Fish Imports

Imports into Finland

Frozen fish imports into Finland skyrocketed to X tons in 2022, surging by X% on the previous year's figure. Over the period under review, imports, however, continue to indicate a slight reduction. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, frozen fish imports surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

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

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Lithuania, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average frozen fish import price amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached 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 ($X per ton), while the price for Canada ($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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