In 2023, China dominated the global frozen fish imports, accounting for nearly 30% of the market share, followed by Thailand and South Korea. Significant growth was observed in countries such as Bangladesh, India, Norway, and Sweden, which demonstrated exceptional year-on-year increases in import share. In contrast, countries like Finland, Iceland, and Argentina experienced declines. The United States, Vietnam, and Denmark also saw notable increases, highlighting their growing demand for frozen fish imports.
Looking ahead, future trends suggest a continued upsurge in demand from emerging markets like Bangladesh and India. Furthermore, shifts towards sustainable fishing practices and the impact of geopolitical tensions may influence trade patterns, necessitating adaptability in global supply chains.
Top countries in Frozen Fish (Excluding Fillets and Offal) Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 29.85 | 2023 | +7.15% | +2.73% | View data |
| 2 | 2 Thailand | 11.17 | 2023 | +1.42% | -2.63% | View data |
| 3 | 3 South Korea | 8.28 | 2023 | +3.31% | +0.52% | View data |
| 4 | 4 United States | 5.42 | 2023 | +3.94% | +4.47% | View data |
| 5 | 5 Vietnam | 5.3 | 2023 | +5.47% | +5.6% | View data |
| 6 | 6 Spain | 4.92 | 2023 | +2.35% | -0.48% | View data |
| 7 | 7 Russia | 4.73 | 2023 | +4% | +1.21% | View data |
| 8 | 8 Netherlands | 3.9 | 2023 | +2.96% | +2.16% | View data |
| 9 | 9 Portugal | 3.15 | 2023 | +5.84% | -0.26% | View data |
| 10 | 10 Philippines | 2.94 | 2023 | +13.71% | +4.95% | View data |
