Scandinavia: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Scandinavia

The Scandinavia dried or smoked fish market surged to $X in 2021, with an increase of 394% against the previous year. Over the period under review, consumption posted a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Dried Or Smoked Fish in Scandinavia

In value terms, dried or smoked fish production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 42% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Dried Or Smoked Fish

Exports in Scandinavia

In 2021, the amount of dried or smoked fish exported in Scandinavia fell remarkably to X tons, waning by -19% compared with the previous year's figure. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 27% against the previous year. As a result, the exports attained the peak of X tons, and then shrank remarkably in the following year.

In value terms, dried or smoked fish exports fell to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 12% against the previous year. As a result, the exports attained the peak of $X, and then contracted in the following year.

Exports by Country

Norway was the major exporter of dried or smoked fish in Scandinavia, with the volume of exports accounting for X tons, which was approx. 68% of total exports in 2021. Sweden (X tons) held a 16% share (based on physical terms) of total exports, which put it in second place, followed by Denmark (15%).

Norway experienced a relatively flat trend pattern with regard to volume of exports of dried or smoked fish. At the same time, Denmark (+2.2%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +2.2% from 2012-2021. By contrast, Sweden (-3.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark increased by +3 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) remains the largest dried or smoked fish supplier in Scandinavia, comprising 59% of total exports. The second position in the ranking was held by Denmark ($X), with a 21% share of total exports.

In Norway, dried or smoked fish exports declined by an average annual rate of -1.4% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (+1.3% per year) and Sweden (-1.9% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, surging by 6.5% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Denmark ($X per ton), while Norway ($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 (+1.2%), while the other leaders experienced a decline in the export price figures.

Imports of Dried Or Smoked Fish

Imports in Scandinavia

In 2021, the amount of dried or smoked fish imported in Scandinavia fell to X tons, which is down by -6.1% on 2020 figures. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 21% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, dried or smoked fish imports declined slightly to $X in 2021. The total import value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 12%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

In 2021, Sweden (X tons) represented the main importer of dried or smoked fish, mixing up 62% of total imports. It was distantly followed by Denmark (X tons), generating a 35% share of total imports. Finland (X tons) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Denmark (with a CAGR of +6.2%), while imports for the other leaders experienced a decline in the imports figures.

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

In terms of the main importing countries, Denmark, with a CAGR of +8.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, with an increase of 4.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2017 when the import price increased by 12% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Finland ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform