Report Update Nov 1, 2024

Norway - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends and Insights

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Norway: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Norway

The Norwegian frozen crustaceans market contracted markedly to $X in 2022, shrinking by X% against the previous year. Overall, consumption faced a deep contraction. Frozen crustaceans consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Frozen Crustaceans Production in Norway

In value terms, frozen crustaceans production soared to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. Frozen crustaceans production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Frozen Crustaceans Exports

Exports from Norway

Frozen crustaceans exports from Norway skyrocketed to X tons in 2022, rising by X% on 2021. Overall, exports recorded a prominent increase. The growth pace was the most rapid in 2015 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen crustaceans exports declined to $X in 2022. Over the period under review, exports showed a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced in the following year.

Exports by Country

Iceland (X tons) was the main destination for frozen crustaceans exports from Norway, with a X% share of total exports. Moreover, frozen crustaceans exports to Iceland exceeded the volume sent to the second major destination, Denmark (X tons), fivefold. China (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for frozen crustaceans exported from Norway were Iceland ($X), Denmark ($X) and the United States ($X), together comprising X% of total exports. The Netherlands, Japan, China, France, Vietnam and Ukraine lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Ukraine, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average frozen crustaceans export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. The export price peaked at $X per ton in 2021, and then declined markedly in the following year.

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

Frozen Crustaceans Imports

Imports into Norway

In 2022, imports of frozen crustaceans into Norway shrank significantly to X tons, with a decrease of X% against 2021. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, frozen crustaceans imports declined remarkably to $X in 2022. In general, imports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Greenland (X tons), Denmark (X tons) and Vietnam (X tons) were the main suppliers of frozen crustaceans imports to Norway, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest frozen crustaceans suppliers to Norway were Vietnam ($X), Greenland ($X) and Denmark ($X), together comprising X% of total imports.

Vietnam, with a CAGR of X%, 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 mixed trend patterns.

Import Prices by Country

The average frozen crustaceans import price stood at $X per ton in 2022, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, 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 Vietnam ($X per ton), while the price for Faroe Islands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen crustaceans in the world?

The country with the largest volume of frozen crustaceans consumption was China, comprising approx. 18% of total volume. Moreover, frozen crustaceans consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 5.7% share.

What are the largest producers of frozen crustaceans in the world?

The countries with the highest volumes of in 2021 were India, Ecuador and China, together comprising 38% of global production. Indonesia, Vietnam, Argentina, Russia, Bangladesh, Pakistan, Brazil, Canada, Nigeria and Mexico lagged somewhat behind, together comprising a further 34%.

What are the leading suppliers of frozen crustaceans to Norway?

In value terms, Greenland, Russia and Vietnam were the largest frozen crustaceans suppliers to Norway, with a combined 66% share of total imports.

What are the leading importers of frozen crustaceans from Norway?

In value terms, the largest markets for frozen crustaceans exported from Norway were the United States, Denmark and China, with a combined 46% share of total exports. These countries were followed by Japan, Iceland, France, the Netherlands, Belgium, South Korea, Taiwan Chinese), Vietnam, Cote d'Ivoire and South Africa, which together accounted for a further 37%.

What is the average export price for frozen crustaceans in Norway?

In 2021, the average frozen crustaceans export price amounted to $11,903 per ton, with an increase of 39% against the previous year.

What is the average import price for frozen crustaceans in Norway?

The average frozen crustaceans import price stood at $7,214 per ton in 2021, falling by -2.1% against the previous year.

This report provides an in-depth analysis of the frozen crustaceans market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption

Country coverage:

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023