Scandinavia: Frozen Fish Meat Market 2025

Frozen Fish Meat Market Size in Scandinavia

The Scandinavia frozen fish meat market totaled $X in 2021, remaining relatively unchanged against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Frozen Fish Meat Production in Scandinavia

In value terms, frozen fish meat production totaled $X in 2021 estimated in export price. Overall, production, however, faced a deep slump. The pace of growth appeared the most rapid in 2014 with an increase of 7.5%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Frozen Fish Meat Exports

Exports in Scandinavia

In 2021, after two years of growth, there was decline in overseas shipments of frozen fish meat, when their volume decreased by -4% to X tons. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. As a result, the exports reached the peak of X tons, and then shrank in the following year.

In value terms, frozen fish meat exports rose significantly to $X in 2021. In general, exports saw a perceptible slump. The most prominent rate of growth was recorded in 2016 with an increase of 41%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Norway represented the main exporting country with an export of about X tons, which recorded 78% of total exports. Denmark (X tons) ranks second in terms of the total exports with a 12% share, followed by Sweden (10%).

From 2012 to 2021, average annual rates of growth with regard to frozen fish meat exports from Norway stood at -1.8%. At the same time, Sweden (+16.4%) and Denmark (+4.3%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +16.4% from 2012-2021. From 2012 to 2021, the share of Sweden and Denmark increased by +7.7 and +3.8 percentage points, respectively.

In value terms, Norway ($X) remains the largest frozen fish meat supplier in Scandinavia, comprising 77% of total exports. The second position in the ranking was held by Denmark ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Norway totaled -5.1%. In the other countries, the average annual rates were as follows: Denmark (-5.5% per year) and Sweden (+12.5% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, rising by 13% against the previous year. Overall, the export price, however, showed a noticeable reduction. The pace of growth was the most pronounced in 2016 when the export price increased by 14%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, 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 Norway (-3.3%), while the other leaders experienced a decline in the export price figures.

Frozen Fish Meat Imports

Imports in Scandinavia

In 2021, after two years of growth, there was decline in supplies from abroad of frozen fish meat, when their volume decreased by -2.2% to X tons. The total import volume increased at an average annual rate of +4.5% 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 2019 with an increase of 19%. Over the period under review, imports hit record highs at X tons in 2020, and then dropped slightly in the following year.

In value terms, frozen fish meat imports dropped slightly to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 11%. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Sweden was the key importer of frozen fish meat in Scandinavia, with the volume of imports reaching X tons, which was near 54% of total imports in 2021. It was distantly followed by Denmark (X tons), Norway (X tons) and Finland (X tons), together committing a 45% share of total imports.

Sweden was also the fastest-growing in terms of the frozen fish meat imports, with a CAGR of +13.0% from 2012 to 2021. At the same time, Finland (+4.5%) displayed positive paces of growth. Denmark experienced a relatively flat trend pattern. By contrast, Norway (-1.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Sweden increased by +27 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen fish meat importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), together accounting for 92% of total imports.

Among the main importing countries, Sweden, with a CAGR of +8.1%, saw the highest rates of growth with regard to 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

In 2021, the import price in Scandinavia amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2017 when the import price increased by 12%. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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 Finland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform