Scandinavia: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in Scandinavia

The Scandinavia market for smoked fish other than salmon and herring shrank to $X in 2021, which is down by -9% against the previous year. Overall, consumption, however, posted mild growth. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Production of Smoked Fish Other than Salmon and Herring in Scandinavia

In value terms, production of smoked fish other than salmon and herring fell slightly to $X in 2021 estimated in export price. In general, production, however, showed a slight increase. The growth pace was the most rapid in 2017 when the production volume increased by 2,108%. As a result, production attained the peak level of $X. From 2018 to 2021, production of growth failed to regain momentum.

Exports of Smoked Fish Other than Salmon and Herring

Exports in Scandinavia

For the fourth year in a row, Scandinavia recorded decline in shipments abroad of smoked fish other than salmon and herring, which decreased by -4.4% to X tons in 2021. In general, exports showed a slight curtailment. The pace of growth was the most pronounced in 2017 with an increase of 8.8%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of smoked fish other than salmon and herring declined modestly to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 13%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Denmark was the major exporter of smoked fish other than salmon and herring in Scandinavia, with the volume of exports finishing at X tons, which was near 71% of total exports in 2021. It was distantly followed by Norway (X tons), mixing up a 25% share of total exports. Finland (X tons) took a minor share of total exports.

Exports from Denmark decreased at an average annual rate of -1.4% from 2012 to 2021. At the same time, Finland (+10.7%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +10.7% from 2012-2021. By contrast, Norway (-1.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Finland increased by +2.4 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest smoked fish other than salmon and herring supplier in Scandinavia, comprising 68% of total exports. The second position in the ranking was taken by Norway ($X), with a 29% share of total exports.

In Denmark, exports of smoked fish other than salmon and herring declined by an average annual rate of -1.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (-0.2% per year) and Finland (+8.0% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2021, increasing by 2.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 6.9%. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+1.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Smoked Fish Other than Salmon and Herring

Imports in Scandinavia

After three years of growth, supplies from abroad of smoked fish other than salmon and herring decreased by -44.4% to X tons in 2021. Overall, imports, however, showed a temperate expansion. The most prominent rate of growth was recorded in 2019 with an increase of 33% against the previous year. The volume of import peaked at X tons in 2020, and then dropped significantly in the following year.

In value terms, imports of smoked fish other than salmon and herring contracted markedly to $X in 2021. In general, imports, however, recorded temperate growth. The most prominent rate of growth was recorded in 2019 with an increase of 45%. Over the period under review, imports of attained the peak figure at $X in 2020, and then fell sharply in the following year.

Imports by Country

The purchases of the three major importers of smoked fish other than salmon and herring, namely Sweden, Finland and Denmark, represented more than two-thirds of total import. It was distantly followed by Norway (X tons), constituting a 6.1% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sweden (with a CAGR of +24.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest smoked fish other than salmon and herring importing markets in Scandinavia were Sweden ($X), Finland ($X) and Denmark ($X), with a combined 95% share of total imports.

Sweden, with a CAGR of +23.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Scandinavia stood at $X per ton in 2021, dropping by -5.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2017 when the import price increased by 20%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Finland ($X per ton) and Sweden ($X per ton), while Denmark ($X per ton) and Norway ($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 (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform