Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Finland - 2023

Contents:

  1. Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Finland (CIF) - 2022
  2. Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Finland

Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Finland (CIF) - 2022

In 2022, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $5,240 per ton, surging by 8.2% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s decreased by -23.8% against 2020 indices. The most prominent rate of growth was recorded in 2019 an increase of 26%. Over the period under review, average import prices attained the peak figure at $6,876 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($7,074 per ton), while the price for the United States amounted to $3,051 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+0.4%).

Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Finland

In 2022, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s into Finland expanded sharply to 50 tons, picking up by 11% against 2021. Over the period under review, total imports indicated a perceptible increase from 2019 to 2022: its volume increased at an average annual rate of +2.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +88.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 69% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s skyrocketed to $261K in 2022. Overall, imports, however, showed a relatively flat trend pattern.

Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Africa185180141175-1.8%
United States75.0N/A75.575.80.4%
Others0.31.10.39.4215.3%
Total2611822172610.0%

Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Finland in 2022:

  1. United States (24.9 tons)
  2. South Africa (24.8 tons)

Source: IndexBox Market Intelligence Platform

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