Sweden: Frozen Fish Market 2024

Frozen Fish Market Size in Sweden

The Swedish frozen fish market rose markedly to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Frozen Fish Production in Sweden

In value terms, frozen fish production plummeted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Frozen fish production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Frozen Fish Exports

Exports from Sweden

In 2022, approx. X tons of frozen fish were exported from Sweden; declining by X% compared with 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, frozen fish exports amounted to $X in 2022. Over the period under review, exports, however, posted strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Poland (X tons), Germany (X tons) and Lithuania (X tons) were the main destinations of frozen fish exports from Sweden, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen fish exported from Sweden were Poland ($X), Germany ($X) and France ($X), with a combined X% share of total exports. Spain, Lithuania, Latvia, Denmark, Finland, the Netherlands, Romania, Estonia, the Czech Republic and Croatia lagged somewhat behind, together comprising a further X%.

Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average frozen fish export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price saw a prominent expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Sweden

In 2022, frozen fish imports into Sweden reached X tons, therefore, remained relatively stable against the previous year. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, frozen fish imports rose significantly to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of frozen fish to Sweden, with a X% share of total imports. Moreover, frozen fish imports from Norway exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. The third position in this ranking was taken by Denmark (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Denmark (X% per year).

In value terms, Norway ($X) constituted the largest supplier of frozen fish to Sweden, comprising X% of total imports. The second position in the ranking was taken by Denmark ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Norway stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average frozen fish import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Denmark ($X per ton) and the Netherlands ($X per ton), while the price for Norway ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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