Norway: Market for Dried Or Smoked Fish 2025

Market Size for Dried Or Smoked Fish in Norway

The Norwegian dried or smoked fish market surged to $X in 2021, rising by 1,395% against the previous year. Overall, consumption posted a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Dried Or Smoked Fish in Norway

In value terms, dried or smoked fish production soared to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 68%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Dried Or Smoked Fish

Exports from Norway

After two years of decline, overseas shipments of dried or smoked fish increased by 5.7% to X tons in 2021. In general, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 9.9% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, dried or smoked fish exports expanded notably to $X in 2021. Over the period under review, exports, however, continue to indicate a mild slump. The growth pace was the most rapid in 2014 when exports increased by 11%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Portugal (X tons) was the main destination for dried or smoked fish exports from Norway, accounting for a 27% share of total exports. Moreover, dried or smoked fish exports to Portugal exceeded the volume sent to the second major destination, the Dominican Republic (X tons), twofold. Brazil (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Portugal was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Dominican Republic (+8.0% per year) and Brazil (-6.2% per year).

In value terms, Portugal ($X) remains the key foreign market for dried or smoked fish exports from Norway, comprising 36% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by Brazil, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Portugal totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+1.4% per year) and Brazil (-8.2% per year).

Export Prices by Country

In 2021, the average dried or smoked fish export price amounted to $X per ton, increasing by 3.9% against the previous year. In general, the export price, however, showed a mild descent. The most prominent rate of growth was recorded in 2019 an increase of 6.1%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Italy ($X per ton), while the average price for exports to China ($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 Portugal (+1.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dried Or Smoked Fish

Imports into Norway

In 2021, supplies from abroad of dried or smoked fish decreased by -38.9% to X tons, falling for the fourth consecutive year after four years of growth. Overall, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2017 when imports increased by 35%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, dried or smoked fish imports contracted rapidly to $X in 2021. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 28%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Iceland (X tons) and Sweden (X tons) were the main suppliers of dried or smoked fish imports to Norway, together accounting for 70% of total imports. Denmark, Portugal, Spain, Lithuania and Faroe Islands lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +60.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest dried or smoked fish suppliers to Norway were Iceland ($X), China ($X) and Sweden ($X), with a combined 72% share of total imports. Denmark, Portugal, Spain, Lithuania and Faroe Islands lagged somewhat behind, together comprising a further 20%.

Among the main suppliers, Lithuania, with a CAGR of +70.9%, recorded the highest rates of growth with regard to 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

The average dried or smoked fish import price stood at $X per ton in 2021, increasing by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 43% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Iceland ($X per ton), while the price for Faroe Islands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :