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Norway - Salmon (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Salmon Price in Norway - 2023
Contents:
- Preserved Salmon Price in Norway (FOB) - 2023
- Preserved Salmon Price in Norway (CIF) - 2022
- Preserved Salmon Exports in Norway
- Preserved Salmon Imports in Norway
Preserved Salmon Price in Norway (FOB) - 2023
The average preserved salmon export price stood at $15,739 per ton in August 2023, declining by -25.2% against the previous month. Over the period under review, the export price recorded a mild decrease. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 33% month-to-month. As a result, the export price attained the peak level of $22,963 per ton. From July 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($29,095 per ton), while the average price for exports to Austria ($13,826 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Salmon Price in Norway (CIF) - 2022
In 2022, the average preserved salmon import price amounted to $12,035 per ton, falling by -19.5% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved salmon import price decreased by -36.7% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 29% against the previous year. The import price peaked at $19,005 per ton in 2019; however, from 2020 to 2022, 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 ($17,820 per ton), while the price for Sweden ($10,617 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Preserved Salmon Exports in Norway
In 2022, overseas shipments of salmon (prepared or preserved) decreased by -10.7% to 304 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +21.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 50%.
In value terms, preserved salmon exports rose significantly to $4.4M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +17.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 35%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
Export of Preserved Salmon in Norway (Thousand USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Australia | 1,073 | 1,205 | 674 | 1,176 | 3.1% |
United States | 1.1 | N/A | 1,077 | 973 | 859.9% |
Latvia | 262 | 406 | 516 | 639 | 34.6% |
Austria | 193 | 576 | 403 | 491 | 36.5% |
Sweden | 165 | 315 | 760 | 200 | 6.6% |
Switzerland | 40.7 | 29.7 | 81.2 | 178 | 63.5% |
Saudi Arabia | 85.4 | 153 | 71.1 | 170 | 25.8% |
Singapore | 199 | 1.9 | 12.1 | 139 | -11.3% |
Spain | 37.9 | 124 | 0.1 | 106 | 40.9% |
Estonia | N/A | 14.0 | N/A | 75.7 | 132.5% |
United Arab Emirates | 350 | 64.9 | 10.8 | 4.3 | -76.9% |
Others | 309 | 779 | 624 | 294 | -1.6% |
Total | 2,716 | 3,668 | 4,229 | 4,448 | 17.9% |
Top Export Markets for Preserved Salmon from Norway in 2022:
- United States (102.3 tons)
- Australia (69.5 tons)
- Austria (34.5 tons)
- Latvia (32.9 tons)
- Sweden (12.9 tons)
- Saudi Arabia (11.9 tons)
- Singapore (7.8 tons)
- Spain (6.2 tons)
- Estonia (5.7 tons)
- Switzerland (5.6 tons)
- United Arab Emirates (0.3 tons)
Preserved Salmon Imports in Norway
In 2022, after two years of decline, there was significant growth in supplies from abroad of salmon (prepared or preserved), when their volume increased by 323% to 38 tons. Overall, imports, however, faced a dramatic shrinkage.
In value terms, preserved salmon imports surged to $456K in 2022. In general, imports, however, continue to indicate a significant decrease.
Import of Preserved Salmon in Norway (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 173 | 101 | 36.0 | 261 | 14.7% |
Finland | 3.1 | 0.2 | 0.3 | 80.9 | 196.6% |
Poland | 1,492 | 55.4 | 53.0 | 54.4 | -66.8% |
Denmark | 12.9 | 16.6 | 19.2 | 37.6 | 42.8% |
Netherlands | 40.0 | 4.2 | 5.5 | 6.8 | -44.6% |
Others | 32.1 | 9.0 | 19.9 | 14.6 | -23.1% |
Total | 1,753 | 186 | 134 | 456 | -36.2% |
Top Suppliers of Preserved Salmon to Norway in 2022:
- Sweden (24.6 tons)
- Finland (5.6 tons)
- Denmark (3.5 tons)
- Poland (3.1 tons)
- Netherlands (0.2 tons)
This report provides an in-depth analysis of the preserved salmon market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202510 - Prepared or preserved salmon, whole or in pieces (excluding minced products and prepared meals and dishes)
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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