Scandinavia: Battered Fish Fillet Market 2025

Battered Fish Fillet Market Size in Scandinavia

The Scandinavia battered fish fillet market expanded rapidly to $X in 2021, surging by 12% against the previous year. The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Battered Fish Fillet Production in Scandinavia

In value terms, battered fish fillet production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Battered Fish Fillet Exports

Exports in Scandinavia

In 2021, the amount of fish fillets in batter or breadcrumbs exported in Scandinavia expanded significantly to X tons, increasing by 6.9% compared with the previous year. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 13% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, battered fish fillet exports amounted to $X in 2021. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 14% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Denmark (X tons) represented the key exporter of fish fillets in batter or breadcrumbs, mixing up 85% of total exports. It was distantly followed by Sweden (X tons), committing a 13% share of total exports. Norway (X tons) followed a long way behind the leaders.

Denmark experienced a relatively flat trend pattern with regard to volume of exports of fish fillets in batter or breadcrumbs. At the same time, Norway (+8.1%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.1% from 2012-2021. By contrast, Sweden (-4.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark increased by +5.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest battered fish fillet supplier in Scandinavia, comprising 83% of total exports. The second position in the ranking was taken by Sweden ($X), with a 14% share of total exports.

In Denmark, battered fish fillet exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (-3.9% per year) and Norway (+7.5% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, growing by 4.9% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 9.1%. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Denmark ($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 (+1.1%), while the other leaders experienced a decline in the export price figures.

Battered Fish Fillet Imports

Imports in Scandinavia

Battered fish fillet imports amounted to X tons in 2021, surging by 3.4% against 2020 figures. Total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +54.4% against 2014 indices. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, battered fish fillet imports rose sharply to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Denmark (X tons) and Sweden (X tons) represented roughly 74% of total imports in 2021. Norway (X tons) took the next position in the ranking, followed by Finland (X tons). All these countries together held near 25% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of +5.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Sweden ($X) and Norway ($X) constituted the countries with the highest levels of imports in 2021, with a combined 90% share of total imports.

Denmark, with a CAGR of +9.4%, recorded the highest growth rate of 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

In 2021, the import price in Scandinavia amounted to $X per ton, increasing by 2.5% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 10%. Over the period under review, import prices reached the peak figure in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Norway ($X per ton) and Denmark ($X per ton), while Finland ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform