Price for Fish; Live, Ornamental, Freshwater in Norway - 2023

Contents:

1. Price for Fish; Live, Ornamental, Freshwater in Norway (CIF) - 2023
2. Price for Fish; Live, Ornamental, Freshwater in Norway (FOB) - 2022
3. Imports of Fish; Live, Ornamental, Freshwater in Norway
4. Exports of Fish; Live, Ornamental, Freshwater in Norway

Price for Fish; Live, Ornamental, Freshwater in Norway (CIF) - 2023

The average fish; live, ornamental, freshwater import price stood at $156K per ton in August 2023, shrinking by -6.9% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.9%. The pace of growth was the most pronounced in June 2023 an increase of 70% m-o-m. As a result, import price reached the peak level of $180K per ton. From July 2023 to August 2023, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the Czech Republic ($330K per ton), while the price for Peru ($45,252 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Colombia (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish; Live, Ornamental, Freshwater in Norway (FOB) - 2022

The average fish; live, ornamental, freshwater export price stood at $5,424 per ton in 2022, falling by -4% against the previous year. Over the period under review, the export price saw a pronounced slump. The growth pace was the most rapid in 2017 when the average export price increased by 1,325%. Over the period under review, the average export prices hit record highs at $106,295 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($5,410 per ton), while the average price for exports to Poland amounted to $5,384 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-3.1%).

Imports of Fish; Live, Ornamental, Freshwater in Norway

In 2022, the amount of fish; live, ornamental, freshwater imported into Norway contracted modestly to 15 tons, with a decrease of -3.6% against the year before. Over the period under review, imports showed a abrupt decrease. The smallest decline of -2.1% was in 2021.

In value terms, fish; live, ornamental, freshwater imports fell to $2M in 2022. The total import value increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 14%.

Top Suppliers of Fish; Live, Ornamental, Freshwater to Norway in 2022:

1. Singapore (3.5 tons)
2. Israel (2.6 tons)
3. Czech Republic (2.4 tons)
4. Vietnam (1.6 tons)
5. Indonesia (1.2 tons)
6. Japan (1.2 tons)
7. Thailand (0.9 tons)
8. Sweden (0.3 tons)

Exports of Fish; Live, Ornamental, Freshwater in Norway

For the fourth consecutive year, Norway recorded growth in overseas shipments of fish; live, ornamental, freshwater, which increased by 13% to 1.9 tons in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 603%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, fish; live, ornamental, freshwater exports reached $10K in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent.

Top Export Markets for Fish; Live, Ornamental, Freshwater from Norway in 2022:

1. Guatemala (1474.0 kg)
2. Poland (438.0 kg)

Source: IndexBox Market Intelligence Platform