Norway: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in Norway

In 2022, the Norwegian market for fresh or chilled salmonoids meat decreased by -30.7% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption, however, saw resilient growth. Over the period under review, the market hit record highs at $X in 2021, and then dropped remarkably in the following year.

Production of Fresh Or Chilled Salmonoids Meat in Norway

In value terms, fresh or chilled salmonoids meat production expanded modestly to $X in 2022 estimated in export price. Overall, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 12%. Fresh or chilled salmonoids meat production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Salmonoids Meat

Exports from Norway

After three years of decline, overseas shipments of fresh or chilled salmonoids meat increased by 6.3% to X tons in 2022. Overall, exports showed prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 502% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids meat exports contracted sharply to $X in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 2,535% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden (X tons) was the main destination for fresh or chilled salmonoids meat exports from Norway, accounting for a 68% share of total exports. Moreover, fresh or chilled salmonoids meat exports to Sweden exceeded the volume sent to the second major destination, Denmark (X tons), twofold.

From 2014 to 2022, the average annual rate of growth in terms of volume to Sweden amounted to +101.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+35.3% per year) and Finland (-5.8% per year).

In value terms, Sweden ($X) emerged as the key foreign market for fresh or chilled salmonoids meat exports from Norway, comprising 94% of total exports. The second position in the ranking was taken by Denmark ($X), with a 4.8% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Sweden amounted to +180.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+64.6% per year) and Finland (+0.7% per year).

Export Prices by Country

In 2022, the average export price for fresh or chilled salmonoids meat amounted to $X per ton, which is down by -30.3% against the previous year. Over the period under review, the export price, however, continues to indicate a strong increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 338%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the 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 ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+151.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Meat

Imports into Norway

Fresh or chilled salmonoids meat imports into Norway reduced dramatically to X tons in 2022, with a decrease of -46.6% on the previous year. In general, imports, however, saw a significant increase. The pace of growth was the most pronounced in 2014 when imports increased by 8,278%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, fresh or chilled salmonoids meat imports fell markedly to $X in 2022. Over the period under review, imports, however, saw a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 13,788%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X kg) constituted the largest fresh or chilled salmonoids meat supplier to Norway, with a 4.1% share of total imports. Moreover, fresh or chilled salmonoids meat imports from Sweden exceeded the figures recorded by the second-largest supplier, Denmark (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Sweden amounted to +2.3%.

In value terms, Sweden ($X) and Denmark ($X) constituted the largest fresh or chilled salmonoids meat suppliers to Norway.

Sweden, with a CAGR of +4.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average import price for fresh or chilled salmonoids meat stood at $X per ton in 2022, dropping by -4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price increased by 71% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+6.3%).

Source: IndexBox Platform

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