The global frozen fish export market is led by China, holding a significant 17.78% share, followed by Russia and Chile at 14.92% and 11.6%, respectively. Recent trends indicate declines for Russia and India, with respective contractions of -5.41% and -5.45% in 2023. However, countries like Norway, Portugal, Peru, and Malaysia experienced notable growth, highlighting strong export capabilities. The United Kingdom also saw a rise of 5.35% in its share, suggesting resilient market performance.
Looking ahead, the market is likely to see increased competition among leading exporters, especially with emerging Asian countries intensifying their presence. The India and Russia contracts might shift trade dynamics, but growth in regions like Peru and Malaysia suggests continued diversification in supply. Monitoring environmental policies and climate change impact will be crucial for projecting supply chains and maintaining market access.
Top countries in Frozen Fish (Excluding Fillets and Offal) Exports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 17.78 | 2023 | +5.02% | +0.47% | View data |
| 2 | 2 Russia | 14.92 | 2023 | +1.29% | -5.41% | View data |
| 3 | 3 Chile | 11.6 | 2023 | +7.06% | +0.95% | View data |
| 4 | 4 United States | 11.58 | 2023 | +5.35% | -1.07% | View data |
| 5 | 5 Norway | 10.15 | 2023 | +2.09% | +4.33% | View data |
| 6 | 6 South Korea | 4.2 | 2023 | +2.42% | +0.44% | View data |
| 7 | 7 Denmark | 3.53 | 2023 | +4.08% | +3.93% | View data |
| 8 | 8 Japan | 3.38 | 2023 | +0.88% | -2.08% | View data |
| 9 | 9 India | 3.26 | 2023 | +4.5% | -5.45% | View data |
| 10 | 10 Vietnam | 2.44 | 2023 | +5.33% | +0.7% | View data |
