Norway: Tilapias Market 2022

Tilapias Market Size in Norway

For the fourth consecutive year, the Norwegian tilapias market recorded decline in sales value, which decreased by -X% to $X in 2021. Overall, consumption, however, showed modest growth. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Tilapias Production in Norway

In value terms, tilapias production expanded modestly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Tilapias Exports

Exports from Norway

In 2021, overseas shipments of tilapias increased by X% to X tons, rising for the third consecutive year after four years of decline. In general, total exports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2018 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tilapias exports surged to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The Dominican Republic (X tons) was the main destination for tilapias exports from Norway, with a X% share of total exports. Moreover, tilapias exports to the Dominican Republic exceeded the volume sent to the second major destination, Saudi Arabia (X tons), twofold. Israel (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2021, the average annual growth rate of volume to the Dominican Republic was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+X% per year) and Israel (X% per year).

In value terms, the largest markets for tilapias exported from Norway were Saudi Arabia ($X), the Dominican Republic ($X) and Israel ($X), together accounting for X% of total exports.

Among the main countries of destination, Israel, with a CAGR of X%, saw 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 2021, the average tilapias export price amounted to $X per ton, falling by -X% against the previous year. Over the period under review, the export price saw a pronounced curtailment. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to the Dominican Republic ($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 Poland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tilapias Imports

Imports into Norway

In 2021, tilapias imports into Norway amounted to X tons, surging by X% on the previous year's figure. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, tilapias imports skyrocketed to $X in 2021. In general, total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest tilapias supplier to Norway, accounting for a X% share of total imports. Moreover, tilapias imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+X% per year) and the Netherlands (+X% per year).

In value terms, the largest tilapias suppliers to Norway were China ($X), Vietnam ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. The Netherlands, Denmark and Bangladesh lagged somewhat behind, together comprising a further X the main suppliers, Bangladesh, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tilapias import price stood at $X per ton in 2021, increasing by X% against the previous year. Overall, the import price, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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