Switzerland: Market for Frozen Fish and Seafood 2024

Market Size for Frozen Fish and Seafood in Switzerland

The Swiss frozen fish and seafood market reduced to $X in 2023, dropping by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2022, and then reduced in the following year.

Production of Frozen Fish and Seafood in Switzerland

In value terms, frozen fish and seafood production shrank to $X in 2023 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Frozen fish and seafood production peaked at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Exports of Frozen Fish and Seafood

Exports from Switzerland

In 2023, approx. X tons of frozen fish and seafood were exported from Switzerland; which is down by X% against 2022. In general, exports showed a mild decline. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen fish and seafood exports fell rapidly to $X in 2023. Over the period under review, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons), the Netherlands (X tons) and Denmark (X tons) were the main destinations of frozen fish and seafood exports from Switzerland, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Germany ($X) and Denmark ($X) appeared to be the largest markets for frozen fish and seafood exported from Switzerland worldwide, together comprising X% of total exports.

In terms of the main countries of destination, the Netherlands, 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 frozen fish and seafood export price stood at $X per ton in 2023, stabilizing at the previous year. In general, the export price continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Germany ($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 Moldova (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish and Seafood

Imports into Switzerland

After three years of growth, purchases abroad of frozen fish and seafood decreased by X% to X tons in 2023. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, frozen fish and seafood imports contracted to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then contracted in the following year.

Imports by Country

In 2023, Vietnam (X tons) constituted the largest frozen fish and seafood supplier to Switzerland, accounting for a X% share of total imports. Moreover, frozen fish and seafood imports from Vietnam exceeded the figures recorded by the second-largest supplier, Portugal (X tons), threefold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Vietnam stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and the Netherlands (X% per year).

In value terms, Vietnam ($X) constituted the largest supplier of frozen fish and seafood to Switzerland, comprising X% of total imports. The second position in the ranking was taken by Norway ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Vietnam was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average frozen fish and seafood import price stood at $X per ton in 2023, remaining stable against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Faroe Islands ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform