Overview of the Global Market for Fresh Or Chilled Salmonoids Fillets

Market Size for Fresh Or Chilled Salmonoids Fillets

In 2023, the global market for fresh or chilled salmonoids fillets decreased by X% to $X for the first time since 2019, thus ending a three-year rising trend. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2022, and then shrank in the following year.

Production of Fresh Or Chilled Salmonoids Fillets

In value terms, fresh or chilled salmonoids fillets production dropped to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, global production reached the maximum level at $X in 2022, and then reduced in the following year.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports

After three years of decline, overseas shipments of fresh or chilled salmonoids fillets increased by X% to X tons in 2023. In general, exports, however, showed a deep downturn. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the global exports hit record highs at X tons in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

In value terms, fresh or chilled salmonoids fillets exports contracted modestly to $X in 2023. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the global exports attained the peak figure at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

Oman was the largest exporter of fresh or chilled salmonoids fillets in the world, with the volume of exports recording X tons, which was approx. X% of total exports in 2023. Pakistan (X tons) took the second position in the ranking, followed by Morocco (X tons). All these countries together held approx. X% share of total exports. The United States (X tons), Mozambique (X tons), India (X tons), Indonesia (X tons), Mauritania (X tons), Iran (X tons), Greece (X tons), Spain (X tons) and Norway (X tons) took a little share of total exports.

Exports from Oman decreased at an average annual rate of X% from 2012 to 2023. At the same time, Norway (X%), Mozambique (X%), Pakistan (X%), Iran (X%) and the United States (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Spain experienced a relatively flat trend pattern. By contrast, Greece (X%), Morocco (X%), Mauritania (X%), Indonesia (X%) and India (X%) illustrated a downward trend over the same period. Oman (X p.p.), Pakistan (X p.p.), Morocco (X p.p.), Mozambique (X p.p.), the United States (X p.p.), Iran (X p.p.) and Norway (X p.p.) significantly strengthened its position in terms of the global exports, while Mauritania, Indonesia and India saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fresh or chilled salmonoids fillets supplying countries worldwide were Morocco ($X), Oman ($X) and Spain ($X), together comprising X% of global exports. Greece, the United States, Norway, Mauritania, Pakistan, India, Indonesia, Mozambique and Iran lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Norway, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for fresh or chilled salmonoids fillets stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, export price indicated a slight increase from 2012 to 2023: its price 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, fresh or chilled salmonoids fillets export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The global export price peaked at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

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

Imports of Fresh Or Chilled Salmonoids Fillets

Imports

In 2023, purchases abroad of fresh or chilled salmonoids fillets was finally on the rise to reach X tons for the first time since 2016, thus ending a six-year declining trend. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, global imports reached the peak figure at X tons in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids fillets imports expanded remarkably to $X in 2023. Over the period under review, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of global imports remained at a lower figure.

Imports by Country

In 2023, Qatar (X tons), distantly followed by Portugal (X tons), Italy (X tons), Singapore (X tons) and Denmark (X tons) were the largest importers of fresh or chilled salmonoids fillets, together creating X% of total imports. The following importers - Spain (X tons), Poland (X tons), Greece (X tons), Iraq (X tons), Canada (X tons), the Dominican Republic (X tons), the United States (X tons) and Sweden (X tons) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Denmark (with a CAGR of X%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest fresh or chilled salmonoids fillets importing markets worldwide were Portugal ($X), Italy ($X) and Singapore ($X), together comprising X% of global imports. Spain, Denmark, Greece, Poland, the United States, the Dominican Republic, Sweden, Iraq, Canada and Qatar lagged somewhat behind, together accounting for a further X%.

Denmark, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for fresh or chilled salmonoids fillets stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price, however, continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per ton), while Qatar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform