Scandinavia: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in Scandinavia

The Scandinavia fresh or chilled anchovies market surged to $X in 2021, rising by 38% against the previous year. In general, consumption showed resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Fresh Or Chilled Anchovies in Scandinavia

In value terms, fresh or chilled anchovies production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 17%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in Scandinavia

In 2021, shipments abroad of fresh or chilled anchovieses decreased by -85.8% to X kg, falling for the fifth year in a row after two years of growth. Overall, exports recorded a precipitous curtailment. The growth pace was the most rapid in 2016 with an increase of 258%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, fresh or chilled anchovies exports fell markedly to $X in 2021. In general, exports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2015 when exports increased by 219% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Norway (X kg) represented roughly 100% of total exports in 2021.

Norway was also the fastest-growing in terms of the fresh or chilled anchovieses exports, with a CAGR of -24.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) also remains the largest fresh or chilled anchovies supplier in Scandinavia.

In Norway, fresh or chilled anchovies exports plunged by an average annual rate of -27.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, reducing by -75.6% against the previous year. In general, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2015 when the export price increased by 75%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Norway.

From 2012 to 2021, the rate of growth in terms of prices for Norway amounted to -3.8% per year.

Imports of Fresh Or Chilled Anchovies

Imports in Scandinavia

In 2021, the amount of fresh or chilled anchovieses imported in Scandinavia skyrocketed to X tons, with an increase of 105% on the previous year. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 3,294% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fresh or chilled anchovies imports skyrocketed to $X in 2021. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 3,383% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Norway dominates imports structure, recording X tons, which was near 90% of total imports in 2021. It was distantly followed by Finland (X kg), mixing up an 8.9% share of total imports. Sweden (X kg) followed a long way behind the leaders.

Norway was also the fastest-growing in terms of the fresh or chilled anchovieses imports, with a CAGR of +73.8% from 2012 to 2021. At the same time, Finland (+34.1%) displayed positive paces of growth. By contrast, Sweden (-7.3%) illustrated a downward trend over the same period. While the share of Norway (+90 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Finland (-7.8 p.p.) and Sweden (-81.7 p.p.) displayed negative dynamics.

In value terms, Norway ($X) constitutes the largest market for imported fresh or chilled anchovieses in Scandinavia, comprising 94% of total imports. The second position in the ranking was taken by Finland ($X), with a 3.3% share of total imports.

In Norway, fresh or chilled anchovies imports increased at an average annual rate of +78.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Finland (+12.5% per year) and Sweden (-0.3% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, declining by -2.7% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the import price increased by 67%. Over the period under review, import prices attained the maximum 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 importing countries. In 2021, amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+7.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform