Norway: Market for Frozen Atlantic Salmon And Danube Salmon 2022

Market Size for Frozen Atlantic Salmon And Danube Salmon in Norway

The Norwegian market for frozen atlantic salmon and danube salmon soared to $X in 2021, growing by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Production of Frozen Atlantic Salmon And Danube Salmon in Norway

In value terms, production of frozen atlantic salmon and danube salmon rose markedly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Production of peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Frozen Atlantic Salmon And Danube Salmon

Exports from Norway

For the fourth year in a row, Norway recorded decline in overseas shipments of frozen atlantic salmon and danube salmon, which decreased by -X% to X tons in 2021. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of frozen atlantic salmon and danube salmon soared to $X in 2021. In general, exports showed a pronounced shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for exports of frozen atlantic salmon and danube salmon from Norway, with a X% share of total exports. Moreover, exports of frozen atlantic salmon and danube salmon to Kazakhstan exceeded the volume sent to the second major destination, Egypt (X tons), threefold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+X% per year) and South Korea (-X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for frozen atlantic salmon and danube salmon exports from Norway, comprising X% of total exports. The second position in the ranking was taken by Egypt ($X), with an X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+X% per year) and South Korea (-X% per year).

Export Prices by Country

The average export price for frozen atlantic salmon and danube salmon stood at $X per ton in 2021, increasing by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major export markets. In 2021, the highest price was recorded for prices to South Korea ($X per ton) and Egypt ($X per ton), while the average price for exports to South Africa ($X per ton) and the Philippines ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Atlantic Salmon And Danube Salmon

Imports into Norway

After three years of decline, overseas purchases of frozen atlantic salmon and danube salmon increased by X% to X tons in 2021. Overall, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of frozen atlantic salmon and danube salmon skyrocketed to $X in 2021. In general, imports, however, saw a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The Netherlands (X tons), Denmark (X tons) and Switzerland (X tons) were the main suppliers of imports of frozen atlantic salmon and danube salmon to Norway, with a combined X% share of total imports. The UK, Germany and Estonia lagged somewhat behind, together comprising a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen atlantic salmon and danube salmon suppliers to Norway were Switzerland ($X), Denmark ($X) and the UK ($X), with a combined X% share of total imports. These countries were followed by the Netherlands, Germany and Estonia, which together accounted for a further X, with a CAGR of +X%, saw the highest rates of growth with regard to 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

In 2021, the average import price for frozen atlantic salmon and danube salmon amounted to $X per ton, reducing by -X% against the previous year. Overall, the import price, however, showed a modest increase. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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