The global export market for frozen whole halibut in 2023 was led by Denmark, contributing significantly to the market share. Greenland, Norway, and Russia also represented notable portions of the market, with a slight but consistent increase in exports. Meanwhile, Iceland saw a slight decline in their halibut exports. Diverse fluctuations were observed in smaller export countries, with significant growth seen in India and slight increases in China and Japan. The United States and Sweden experienced notable declines, indicating a shift in export dynamics.
Future trends to watch include the potential for increasing market shares from Asian countries such as China and India, given their recent growth. Denmark is expected to maintain its leading position, while fluctuations in European countries might continue as they adapt to economic conditions and changing demands.
Top countries in Export of Frozen Whole Halibut Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 31.17 | 2023 | +3.17% | +4.79% | View data |
| 2 | 2 Greenland | 16.75 | 2023 | +3.59% | +2.65% | View data |
| 3 | 3 Norway | 8.78 | 2023 | +2.31% | +3.18% | View data |
| 4 | 4 Russia | 8.65 | 2023 | +3.91% | +2.39% | View data |
| 5 | 5 Iceland | 8.05 | 2023 | +1.65% | -0.095% | View data |
| 6 | 6 Spain | 6.5 | 2023 | +1.37% | +2.11% | View data |
| 7 | 7 Canada | 5.32 | 2023 | +2.6% | +2.34% | View data |
| 8 | 8 China | 4.4 | 2023 | +3.71% | +4.84% | View data |
| 9 | 9 Germany | 3.08 | 2023 | +1.4% | +0.48% | View data |
| 10 | 10 Portugal | 2.36 | 2023 | +3.9% | +3.76% | View data |
