Scandinavia: Frozen Freshwater Fish Market 2025

Frozen Freshwater Fish Market Size in Scandinavia

In 2021, the Scandinavia frozen freshwater fish market increased by 0.2% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Frozen Freshwater Fish Production in Scandinavia

In value terms, frozen freshwater fish production plummeted to $X in 2021 estimated in export price. In general, production, however, recorded a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 16%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Frozen Freshwater Fish Exports

Exports in Scandinavia

Frozen freshwater fish exports skyrocketed to X tons in 2021, surging by 34% against the previous year. Over the period under review, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, frozen freshwater fish exports surged to $X in 2021. In general, exports, however, continue to indicate a noticeable decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Norway prevails in exports structure, resulting at X tons, which was near 91% of total exports in 2021. It was distantly followed by Denmark (X tons), creating a 4.8% share of total exports. Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to frozen freshwater fish exports from Norway stood at -9.3%. At the same time, Sweden (+20.4%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +20.4% from 2012-2021. Denmark experienced a relatively flat trend pattern. Sweden (+3.5 p.p.) and Denmark (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while Norway saw its share reduced by -6.5% from 2012 to 2021, respectively.

In value terms, Norway ($X) remains the largest frozen freshwater fish supplier in Scandinavia, comprising 83% of total exports. The second position in the ranking was held by Denmark ($X), with a 12% share of total exports.

In Norway, frozen freshwater fish exports decreased by an average annual rate of -4.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Denmark (-1.7% per year) and Sweden (+18.1% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, dropping by -1.6% against the previous year. Export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen freshwater fish export price decreased by -5.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 31%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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 Norway (+5.3%), while the other leaders experienced a decline in the export price figures.

Frozen Freshwater Fish Imports

Imports in Scandinavia

In 2021, overseas purchases of frozen freshwater fish increased by 24% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, saw a mild decline. The most prominent rate of growth was recorded in 2016 with an increase of 56%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, frozen freshwater fish imports surged to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 36% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Sweden (X tons) was the key importer of frozen freshwater fish, generating 56% of total imports. Denmark (X tons) ranks second in terms of the total imports with a 25% share, followed by Norway (7.4%), Iceland (5.8%) and Finland (5.3%).

Imports into Sweden increased at an average annual rate of +13.3% from 2012 to 2021. At the same time, Finland (+14.5%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +14.5% from 2012-2021. By contrast, Denmark (-4.8%), Norway (-12.7%) and Iceland (-16.2%) illustrated a downward trend over the same period. Sweden (+40 p.p.) and Finland (+3.9 p.p.) significantly strengthened its position in terms of the total imports, while Denmark, Norway and Iceland saw its share reduced by -9.5%, -14.9% and -19.6% from 2012 to 2021, respectively.

In value terms, the largest frozen freshwater fish importing markets in Scandinavia were Sweden ($X), Denmark ($X) and Norway ($X), with a combined 86% share of total imports.

In terms of the main importing countries, Sweden, with a CAGR of +13.2%, 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

In 2021, the import price in Scandinavia amounted to $X per ton, waning by -6.6% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 34%. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while Sweden ($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 (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform