Sweden: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Sweden

In 2022, the Swedish inedible fish products market increased by 3.3% to $X, rising for the second consecutive year after four years of decline. Overall, consumption posted a notable increase. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Inedible Fish Products Production in Sweden

In value terms, inedible fish products production amounted to $X in 2022 estimated in export price. In general, production, however, posted modest growth. The growth pace was the most rapid in 2013 with an increase of 59% against the previous year. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Inedible Fish Products Exports

Exports from Sweden

Inedible fish products exports from Sweden reduced modestly to X tons in 2022, declining by -3.4% against the previous year. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by 51% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, inedible fish products exports shrank slightly to $X in 2022. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 90%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Denmark (X tons) was the main destination for inedible fish products exports from Sweden, accounting for a 95% share of total exports. It was followed by Lithuania (X tons), with a 1.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+9.1% per year) and Estonia (+18.9% per year).

In value terms, Denmark ($X) remains the key foreign market for inedible fish products exports from Sweden, comprising 95% of total exports. The second position in the ranking was held by Lithuania ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Denmark was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+14.3% per year) and Estonia (+15.7% per year).

Export Prices by Country

The average inedible fish products export price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 32% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Denmark ($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 Lithuania (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Inedible Fish Products Imports

Imports into Sweden

For the third year in a row, Sweden recorded growth in overseas purchases of inedible fish products, which increased by 22% to X tons in 2022. Over the period under review, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.1% 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 +101.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, inedible fish products imports skyrocketed to $X in 2022. Overall, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Norway (X tons) was the main inedible fish products supplier to Sweden, accounting for a 90% share of total imports. Moreover, inedible fish products imports from Norway exceeded the figures recorded by the second-largest supplier, Denmark (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway stood at +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+8.9% per year) and the United States (+9.1% per year).

In value terms, Norway ($X) constituted the largest supplier of inedible fish products to Sweden, comprising 75% of total imports. The second position in the ranking was taken by Denmark ($X), with a 21% share of total imports. It was followed by the United States, with a 1.8% share.

From 2012 to 2022, the average annual growth rate of value from Norway totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+13.3% per year) and the United States (+2.0% per year).

Import Prices by Country

The average inedible fish products import price stood at $X per ton in 2022, jumping by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2013 an increase of 45%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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