Scandinavia: Market for Fresh Or Chilled Salmonoids Fillets 2025

Market Size for Fresh Or Chilled Salmonoids Fillets in Scandinavia

The Scandinavia market for fresh or chilled salmonoids fillets amounted to $X in 2022, surging by 2.4% against the previous year. The market value increased at an average annual rate of +5.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Salmonoids Fillets in Scandinavia

In value terms, fresh or chilled salmonoids fillets production rose to $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 40%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports in Scandinavia

In 2022, after two years of decline, there was significant growth in overseas shipments of fresh or chilled salmonoids fillets, when their volume increased by 59% to X tons. Overall, exports, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2019 when exports increased by 158%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, fresh or chilled salmonoids fillets exports soared to $X in 2022. In general, exports, however, saw a slight decrease. The growth pace was the most rapid in 2019 when exports increased by 107% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden (X tons) and Norway (X tons) prevails in exports structure, together constituting 98% of total exports. Finland (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +36.7%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest fresh or chilled salmonoids fillets supplying countries in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Among the main exporting countries, Norway, with a CAGR of +39.6%, 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 a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, stabilizing at the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled salmonoids fillets export price increased by +37.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 64% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.1%), while the other leaders experienced more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Fillets

Imports in Scandinavia

In 2022, supplies from abroad of fresh or chilled salmonoids fillets was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a deep setback. The most prominent rate of growth was recorded in 2019 with an increase of 156%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 124% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Sweden (X tons) represented the largest importer of fresh or chilled salmonoids fillets, making up 70% of total imports. It was distantly followed by Finland (X tons), committing a 29% share of total imports.

Sweden was also the fastest-growing in terms of the fresh or chilled salmonoids fillets imports, with a CAGR of -8.8% from 2012 to 2022. Finland (-14.0%) illustrated a downward trend over the same period. While the share of Sweden (+13 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Finland (-13 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) constitutes the largest market for imported fresh or chilled salmonoids fillets in Scandinavia, comprising 74% of total imports. The second position in the ranking was held by Finland ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden stood at -3.4%.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, increasing by 27% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fresh or chilled salmonoids fillets import price increased by +36.4% against 2020 indices. The pace of growth was the most pronounced in 2016 when the import price increased by 41%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per ton), while Finland stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+6.0%).

Source: IndexBox Platform