Denmark holds a dominant position in the global frozen halibut export market with a 55.93% share in 2023, showing growth of 3.23%. China, Iceland, and Canada follow but with significantly lower shares, experiencing varied year-on-year changes such as an 8.68% increase for China and a decline of 8.66% for Iceland. Estonia's export share surged by 41.22% in 2023, and Sweden saw a notable increase of 46.51%, whereas countries like Taiwan and Malaysia experienced declines of 14.27% and 13.42%, respectively.
Future trends to watch include:
- Denmark's continued leverage of its market dominance.
- Potential emerging players like Estonia and Sweden, following their recent strong growth.
- Adaptations by countries experiencing declines as they strategize to recover market shares.
- Developments in Asia, particularly in China and Japan, given their positive growth rates.
Top countries in Frozen Greenland, Atlantic and Pacific Halibut Exports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 55.93 | 2023 | +8.06% | +3.23% | View data |
| 2 | 2 China | 10.63 | 2023 | +4.33% | +8.68% | View data |
| 3 | 3 Iceland | 10.4 | 2023 | -1.81% | -8.66% | View data |
| 4 | 4 Canada | 10.22 | 2023 | +8.99% | +1.51% | View data |
| 5 | 5 Portugal | 3.59 | 2023 | +11.22% | -1.55% | View data |
| 6 | 6 Estonia | 3.18 | 2023 | +42.06% | +41.22% | View data |
| 7 | 7 Netherlands | 2.28 | 2023 | +29.44% | +7.06% | View data |
| 8 | 8 United States | 2 | 2023 | -0.44% | -0.99% | View data |
| 9 | 9 Japan | 1.86 | 2023 | +5.76% | +9.62% | View data |
| 10 | 10 South Korea | 0.64 | 2023 | +13.89% | -4.24% | View data |
