Norway: Frozen Whole Fish Market 2025

Frozen Whole Fish Market Size in Norway

The Norwegian frozen whole fish market expanded sharply to $X in 2021, rising by 5.7% against the previous year. In general, consumption, however, saw a abrupt contraction. Frozen whole fish consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Frozen Whole Fish Production in Norway

In value terms, frozen whole fish production soared to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced downturn. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Frozen Whole Fish Exports

Exports from Norway

Frozen whole fish exports from Norway soared to X tons in 2021, growing by 25% compared with the previous year's figure. In general, exports recorded a relatively flat trend pattern. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen whole fish exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons), Egypt (X tons) and Japan (X tons) were the main destinations of frozen whole fish exports from Norway, with a combined 38% share of total exports. These countries were followed by South Korea, Lithuania, Nigeria, Vietnam, the Netherlands, Ukraine, Poland, the UK, the United States and Kazakhstan, which together accounted for a further 42%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +19.2%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for frozen whole fish exports from Norway, comprising 19% of total exports. The second position in the ranking was held by Egypt ($X), with an 8.6% share of total exports. It was followed by Japan, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+16.9% per year) and Japan (+0.1% per year).

Export Prices by Country

The average frozen whole fish export price stood at $X per ton in 2021, increasing by 3.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2016 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2019; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Nigeria ($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 the UK (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Whole Fish Imports

Imports into Norway

In 2021, supplies from abroad of frozen whole fish decreased by -10.1% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports continue to indicate a mild descent. The pace of growth appeared the most rapid in 2019 with an increase of 51% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, frozen whole fish imports reduced sharply to $X in 2021. Over the period under review, imports continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2015 with an increase of 60%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Russia (X tons), Denmark (X tons) and the Netherlands (X tons) were the main suppliers of frozen whole fish imports to Norway, with a combined 83% share of total imports. These countries were followed by Faroe Islands, Estonia, Poland, Lithuania, Greenland, the United States and the UK, which together accounted for a further 13%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +107.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of frozen whole fish to Norway, comprising 68% of total imports. The second position in the ranking was held by Denmark ($X), with a 7.1% share of total imports. It was followed by Faroe Islands, with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at -2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+25.2% per year) and Faroe Islands (-5.1% per year).

Import Prices by Country

In 2021, the average frozen whole fish import price amounted to $X per ton, shrinking by -7.8% against the previous year. In general, the import price recorded a mild reduction. The pace of growth appeared the most rapid in 2017 an increase of 26%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Denmark ($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 (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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