Finland: Frozen Fish Meat Market 2025

Frozen Fish Meat Market Size in Finland

The Finnish frozen fish meat market surged to $X in 2021, with an increase of 48% against the previous year. Over the period under review, consumption saw a resilient increase. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Frozen Fish Meat Production in Finland

In value terms, frozen fish meat production reduced to $X in 2021 estimated in export price. Over the period under review, production continues to indicate prominent growth. The pace of growth was the most pronounced in 2016 with an increase of 286%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Frozen Fish Meat Exports

Exports from Finland

Frozen fish meat exports from Finland soared to X tons in 2021, increasing by 29% compared with 2020 figures. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 447%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, frozen fish meat exports surged to $X in 2021. Over the period under review, exports posted a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of 1,712% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Japan (X tons) was the main destination for frozen fish meat exports from Finland, accounting for a 82% share of total exports. Moreover, frozen fish meat exports to Japan exceeded the volume sent to the second major destination, Estonia (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to Japan amounted to +22.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-17.5% per year) and Sweden (+12.4% per year).

In value terms, Japan ($X) remains the key foreign market for frozen fish meat exports from Finland, comprising 76% of total exports. The second position in the ranking was taken by Estonia ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan totaled +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (-7.6% per year) and Sweden (+9.0% per year).

Export Prices by Country

The average frozen fish meat export price stood at $X per ton in 2021, approximately equating the previous year. Overall, the export price, however, showed a strong increase. The most prominent rate of growth was recorded in 2019 when the average export price increased by 813% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+11.9%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Fish Meat Imports

Imports into Finland

After three years of growth, overseas purchases of frozen fish meat decreased by -18.9% to X tons in 2021. Overall, imports, however, saw a perceptible expansion. The most prominent rate of growth was recorded in 2019 when imports increased by 48% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then declined sharply in the following year.

In value terms, frozen fish meat imports dropped to $X in 2021. Over the period under review, total imports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +62.9% against 2015 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 28%. Over the period under review, imports reached the maximum at $X in 2020, and then reduced in the following year.

Imports by Country

Poland (X tons), Denmark (X tons) and Lithuania (X tons) were the main suppliers of frozen fish meat imports to Finland, together comprising 76% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +27.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish meat suppliers to Finland were Poland ($X), Sweden ($X) and Denmark ($X), together accounting for 72% of total imports. Lithuania, the Netherlands, Estonia, Norway and Canada lagged somewhat behind, together accounting for a further 26%.

Lithuania, with a CAGR of +26.1%, recorded 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

The average frozen fish meat import price stood at $X per ton in 2021, rising by 12% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 18%. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per ton), while the price for Norway ($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 (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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