Norway: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Norway

For the third consecutive year, the Norwegian market for frozen, dried and smoked fish recorded growth in sales value, which increased by X% to $X in 2022. Overall, the total consumption indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2017 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Frozen, Dried And Smoked Fish in Norway

In value terms, frozen, dried and smoked fish production rose rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Norway

After three years of growth, shipments abroad of frozen, dried and smoked fish decreased by X% to X tons in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, frozen, dried and smoked fish exports expanded notably to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for frozen, dried and smoked fish exports from Norway, accounting for a X% share of total exports. Moreover, frozen, dried and smoked fish exports to China exceeded the volume sent to the second major destination, Japan (X tons), twofold. Lithuania (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 China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Lithuania (X% per year).

In value terms, the United States ($X), China ($X) and Portugal ($X) appeared to be the largest markets for frozen, dried and smoked fish exported from Norway worldwide, with a combined X% share of total exports. Japan, the UK, Poland, Lithuania, South Korea, Vietnam, the Netherlands, Germany, Egypt and Nigeria lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Vietnam, 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

In 2022, the average export price for frozen, dried and smoked fish amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, 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.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Egypt ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Norway

In 2022, overseas purchases of frozen, dried and smoked fish decreased by X% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, imports showed a perceptible decline. The pace of growth was the most pronounced in 2019 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, frozen, dried and smoked fish imports declined to $X in 2022. In general, imports recorded a slight contraction. The growth pace was the most rapid in 2018 when imports increased by X%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Russia (X tons), Denmark (X tons) and Faroe Islands (X tons) were the main suppliers of frozen, dried and smoked fish imports to Norway, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of frozen, dried and smoked fish to Norway, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with an X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Denmark (X% per year).

Import Prices by Country

The average import price for frozen, dried and smoked fish stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price, however, continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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