Scandinavia: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in Scandinavia

In 2021, the Scandinavia caviar (sturgeon) market decreased by -0.9% to $X, falling for the second year in a row after four years of growth. Overall, consumption, however, saw buoyant growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Caviar (Sturgeon) Production in Scandinavia

In value terms, caviar (sturgeon) production dropped slightly to $X in 2021 estimated in export price. In general, production, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 33%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Caviar (Sturgeon) Exports

Exports in Scandinavia

In 2021, the amount of caviar (sturgeon) exported in Scandinavia declined dramatically to X tons, waning by -24.2% on 2020 figures. In general, exports showed a significant decrease. The pace of growth was the most pronounced in 2014 with an increase of 151% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, caviar (sturgeon) exports dropped sharply to $X in 2021. Overall, exports faced a abrupt slump. The growth pace was the most rapid in 2014 with an increase of 173% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark prevails in exports structure, reaching X tons, which was approx. 83% of total exports in 2021. Norway (X tons) held the second position in the ranking, followed by Sweden (X tons). All these countries together took approx. 16% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to caviar (sturgeon) exports from Denmark stood at -23.9%. Norway (-11.1%) and Sweden (-19.8%) illustrated a downward trend over the same period. Norway (+6.1 p.p.) and Sweden (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Denmark saw its share reduced by -9.3% from 2012 to 2021, respectively.

In value terms, Denmark ($X) remains the largest caviar (sturgeon) supplier in Scandinavia, comprising 76% of total exports. The second position in the ranking was taken by Sweden ($X), with a 9.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Denmark amounted to -12.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Sweden (+3.4% per year) and Norway (+2.4% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, which is down by -22.9% against the previous year. Overall, the export price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when the export price increased by 212%. As a result, the export price attained the peak level of $X per ton, and then declined remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+29.0%), while the other leaders experienced more modest paces of growth.

Caviar (Sturgeon) Imports

Imports in Scandinavia

In 2021, the amount of caviar (sturgeon) imported in Scandinavia soared to X tons, rising by 80% against the previous year's figure. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2016 when imports increased by 141%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, caviar (sturgeon) imports soared to $X in 2021. Overall, imports saw a strong expansion. The growth pace was the most rapid in 2016 with an increase of 163% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

In 2021, Sweden (X tons) was the major importer of caviar (sturgeon), constituting 81% of total imports. It was distantly followed by Denmark (X tons), generating a 12% share of total imports. Norway (X tons) and Finland (X tons) held a minor share of total imports.

Imports into Sweden increased at an average annual rate of +22.9% from 2012 to 2021. At the same time, Norway (+39.6%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +39.6% from 2012-2021. By contrast, Denmark (-3.6%) and Finland (-5.9%) illustrated a downward trend over the same period. While the share of Sweden (+46 p.p.) and Norway (+3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Finland (-12.2 p.p.) and Denmark (-34.7 p.p.) displayed negative dynamics.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2021, with a combined 99% share of total imports.

Norway, with a CAGR of +28.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, shrinking by -2.7% against the previous year. In general, the import price, however, saw slight growth. The most prominent rate of growth was recorded in 2013 when the import price increased by 81%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+18.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform