Finland: Frozen Whole Fish Market 2025

Frozen Whole Fish Market Size in Finland

In 2021, the Finnish frozen whole fish market decreased by -63.6% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, enjoyed noticeable growth. Frozen whole fish consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Frozen Whole Fish Production in Finland

In value terms, frozen whole fish production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw a abrupt decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by 47%. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Frozen Whole Fish Exports

Exports from Finland

In 2021, the amount of frozen whole fish exported from Finland declined slightly to X tons, waning by -3.3% compared with the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 193% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, frozen whole fish exports skyrocketed to $X in 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by 68% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Estonia (X tons) was the main destination for frozen whole fish exports from Finland, accounting for a 59% share of total exports. Moreover, frozen whole fish exports to Estonia exceeded the volume sent to the second major destination, Belarus (X tons), fourfold. Australia (X tons) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to Estonia amounted to +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+79.9% per year) and Australia (+35.2% per year).

In value terms, Estonia ($X) remains the key foreign market for frozen whole fish exports from Finland, comprising 47% of total exports. The second position in the ranking was taken by Belarus ($X), with a 22% share of total exports. It was followed by Australia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Estonia totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+93.2% per year) and Australia (+26.5% per year).

Export Prices by Country

In 2021, the average frozen whole fish export price amounted to $X per ton, jumping by 28% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 77%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to the United States ($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 Russia (+22.4%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Whole Fish Imports

Imports into Finland

In 2021, approx. X tons of frozen whole fish were imported into Finland; which is down by -25.9% on the previous year's figure. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 with an increase of 370%. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, frozen whole fish imports fell significantly to $X in 2021. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by 44% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Denmark (X tons), Canada (X tons) and the Netherlands (X tons) were the main suppliers of frozen whole fish imports to Finland, together accounting for 73% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +18.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Canada ($X) and the Netherlands ($X) were the largest frozen whole fish suppliers to Finland, together comprising 70% of total imports. These countries were followed by Sweden, Norway, Estonia and Belarus, which together accounted for a further 28%.

Among the main suppliers, Belarus, with a CAGR of +66.7%, saw 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

In 2021, the average frozen whole fish import price amounted to $X per ton, declining by -21.7% against the previous year. Over the period under review, the import price saw a noticeable shrinkage. The growth pace was the most rapid in 2019 an increase of 259% 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.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+65.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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