Norway: Preserved Salmon Market 2024

Preserved Salmon Market Size in Norway

In 2023, after two years of growth, there was significant decline in the Norwegian preserved salmon market, when its value decreased by X% to $X. Overall, consumption, however, posted a resilient expansion. As a result, consumption attained the peak level of $X, and then reduced sharply in the following year.

Preserved Salmon Production in Norway

In value terms, preserved salmon production declined rapidly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2022 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X, and then contracted markedly in the following year.

Preserved Salmon Exports

Exports from Norway

In 2023, shipments abroad of salmon (prepared or preserved) decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, preserved salmon exports reduced rapidly to $X in 2023. Overall, exports showed a abrupt downturn. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then dropped sharply in the following year.

Exports by Country

Austria (X tons), Latvia (X tons) and the United States (X tons) were the main destinations of preserved salmon exports from Norway, together comprising X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Latvia ($X) and Sweden ($X) constituted the largest markets for preserved salmon exported from Norway worldwide, together comprising X% of total exports. The United States, Nigeria, Singapore, Switzerland, Spain, Mexico, Saudi Arabia, Italy, Ukraine and Australia lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, the United States, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved salmon export price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Salmon Imports

Imports into Norway

Preserved salmon imports into Norway shrank remarkably to X tons in 2023, which is down by X% against the previous year's figure. Over the period under review, imports faced a sharp descent. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, preserved salmon imports contracted dramatically to $X in 2023. In general, imports recorded a dramatic decline. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Finland (X tons), Thailand (X tons) and Sweden (X tons) were the main suppliers of preserved salmon imports to Norway, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Finland ($X) constituted the largest supplier of salmon (prepared or preserved) to Norway, comprising X% of total imports. The second position in the ranking was held by Sweden ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Finland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (X% per year) and Poland (X% per year).

Import Prices by Country

The average preserved salmon import price stood at $X per ton in 2023, growing by X% against the previous year. In general, import price indicated a strong increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The import price peaked at $X per ton in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Faroe Islands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform