Norway: Frozen Freshwater Fish Market 2025

Frozen Freshwater Fish Market Size in Norway

In 2021, the Norwegian frozen freshwater fish market decreased by -25.9% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Frozen Freshwater Fish Production in Norway

In value terms, frozen freshwater fish production fell rapidly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 20%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Frozen Freshwater Fish Exports

Exports from Norway

In 2021, frozen freshwater fish exports from Norway surged to X tons, rising by 34% on the previous year. Over the period under review, exports, however, recorded a deep reduction. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, frozen freshwater fish exports surged to $X in 2021. Overall, exports, however, showed a perceptible curtailment. 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

China (X tons), Egypt (X tons) and Lithuania (X tons) were the main destinations of frozen freshwater fish exports from Norway, with a combined 63% share of total exports. These countries were followed by Japan, Portugal, Poland, South Korea, Ukraine and the Netherlands, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Portugal (with a CAGR of +83.2%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for frozen freshwater fish exports from Norway, comprising 36% of total exports. The second position in the ranking was held by Egypt ($X), with a 13% share of total exports. It was followed by Japan, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+0.8% per year) and Japan (-0.1% per year).

Export Prices by Country

In 2021, the average frozen freshwater fish export price amounted to $X per ton, reducing by -2.8% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen freshwater fish export price decreased by -4.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 29%. 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.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Japan ($X per ton), while the average price for exports to Egypt ($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 Russia (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Freshwater Fish Imports

Imports into Norway

In 2021, supplies from abroad of frozen freshwater fish increased by 110% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 224%. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, frozen freshwater fish imports surged to $X in 2021. Overall, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 141% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Faroe Islands (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of frozen freshwater fish imports to Norway, together accounting for 77% of total imports. Turkey, the Philippines, Iceland, France, the Netherlands, Lithuania, Denmark and Russia lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +22.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Faroe Islands ($X) and France ($X) appeared to be the largest frozen freshwater fish suppliers to Norway, together accounting for 56% of total imports.

France, with a CAGR of +36.3%, saw the highest growth rate of 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 frozen freshwater fish import price amounted to $X per ton, reducing by -16.2% against the previous year. In general, import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen freshwater fish import price increased by +74.7% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 42%. Over the period under review, average import prices hit record highs at $X per ton in 2020, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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