Shrimp Price in Norway - 2023
Contents:
- Shrimp Price in Norway (CIF) - 2023
- Shrimp Price in Norway (FOB) - 2023
- Shrimp Imports in Norway
- Shrimp Exports in Norway
Shrimp Price in Norway (CIF) - 2023
In July 2023, the average shrimp import price amounted to $7,733 per ton, surging by 12% against the previous month. In general, the import price, however, saw a noticeable descent. The growth pace was the most rapid in October 2022 an increase of 62% m-o-m. Over the period under review, average import prices reached the peak figure at $11,822 per ton in December 2022; however, from January 2023 to July 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Estonia ($20,071 per ton), while the price for Faroe Islands ($2,401 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Estonia (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Price in Norway (FOB) - 2023
In July 2023, the average shrimp export price amounted to $5,716 per ton, picking up by 68% against the previous month. In general, the export price continues to indicate a noticeable increase. The growth pace was the most rapid in December 2022 when the average export price increased by 70% m-o-m. Over the period under review, the average export prices hit record highs at $6,149 per ton in May 2023; however, from June 2023 to July 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Sweden ($10,693 per ton), while the average price for exports to Denmark ($3,894 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Imports in Norway
In 2022, shrimp imports into Norway rose modestly to 16K tons, surging by 4.5% compared with 2021. Overall, imports, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 5% against the previous year.
In value terms, shrimp imports stood at $123M in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 8.2% against the previous year.
| Import of Shrimp in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 27.1 | 26.9 | 31.2 | 30.2 | 3.7% |
| Greenland | 28.8 | 31.5 | 27.6 | 28.0 | -0.9% |
| Canada | 15.4 | 13.2 | 17.5 | 17.0 | 3.3% |
| Denmark | 12.3 | 12.5 | 14.4 | 13.9 | 4.2% |
| Faroe Islands | 6.8 | 4.1 | 5.4 | 5.2 | -8.6% |
| United States | 5.5 | 2.6 | 2.5 | 3.4 | -14.8% |
| Estonia | 4.1 | 2.8 | 3.1 | 3.2 | -7.9% |
| Russia | 4.2 | 1.8 | 1.6 | 2.4 | -17.0% |
| Lithuania | 1.8 | 1.4 | 0.7 | 1.2 | -12.6% |
| Others | 18.0 | 16.1 | 18.0 | 18.0 | 0.0% |
| Total | 124 | 113 | 122 | 123 | -0.3% |
Top Suppliers of Shrimp to Norway in 2022:
- Greenland (4.1K tons)
- Vietnam (2.6K tons)
- Canada (1.9K tons)
- Faroe Islands (1.8K tons)
- Denmark (1.7K tons)
- Russia (1.1K tons)
- Estonia (0.4K tons)
- Lithuania (0.3K tons)
- United States (0.3K tons)
Shrimp Exports in Norway
In 2022, approx. 5.6K tons of shrimps were exported from Norway; remaining relatively unchanged against the previous year's figure. Over the period under review, exports, however, saw a noticeable reduction. The pace of growth appeared the most rapid in 2021 with an increase of 71%.
In value terms, shrimp exports expanded slightly to $30M in 2022. In general, exports, however, continue to indicate a mild shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 46%.
| Export of Shrimp in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 12.6 | 11.6 | 13.8 | 13.9 | 3.3% |
| Iceland | 13.7 | 1.4 | 8.9 | 9.0 | -13.1% |
| Denmark | 2.2 | 2.1 | 1.3 | 1.8 | -6.5% |
| Ukraine | N/A | 1.2 | 1.7 | 1.7 | 19.0% |
| China | 1.5 | 1.3 | 0.9 | 1.2 | -7.2% |
| United States | N/A | 0.6 | 0.6 | 0.6 | 0.0% |
| Taiwan (Chinese) | 0.6 | 0.6 | 0.3 | 0.5 | -5.9% |
| Others | 0.8 | 1.2 | 1.8 | 1.5 | 23.3% |
| Total | 31.6 | 20.0 | 29.2 | 30.2 | -1.5% |
Top Export Markets for Shrimp from Norway in 2022:
- Iceland (3049.4 tons)
- Sweden (981.0 tons)
- Denmark (488.1 tons)
- Ukraine (399.4 tons)
- China (266.7 tons)
- United States (127.8 tons)
- Taiwan (Chinese) (96.9 tons)
396
This report provides an in-depth analysis of the market for crab and crab meat in Norway.
610
This report provides an in-depth analysis of the frozen crustaceans market in Norway.
205
This report provides an in-depth analysis of the crabs, not frozen market in Norway.
373
This report provides an in-depth analysis of the frozen norway lobster market in Norway.
264
This report provides an in-depth analysis of the market for frozen crab and crab meat in Norway.
236
This report provides an in-depth analysis of the frozen lobster market in Norway.
1854
This report provides an in-depth analysis of the global market for crab and crab meat.
1456
This report provides an in-depth analysis of the global frozen crustaceans market.
338
This report provides an in-depth analysis of the global crabs, not frozen market.
394
This report provides an in-depth analysis of the global frozen norway lobster market.
545
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
915
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
411
Explore the top import markets for frozen crustaceans, including the United States, China, and Japan. Find key statistics and insights on the global market for these delectable seafood delicacies.
2515
This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.
495
Explore the top import markets for Frozen Crab and Crab Meat, including the United States, Japan, China, and more. Discover key statistics and trends in the global crab meat industry.
130
Explore the top import markets for frozen lobster around the world and discover key statistics and trends in the global seafood industry.
1734
In value terms, molluscs imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuati...
1965
In value terms, molluscs exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuatio...
545
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
915
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
