In 2024, Denmark leads the global export of frozen whole halibut with a 29.72% market share, followed by Greenland at 20.37% and Russia at 8.68%. Norway and Canada are also significant contributors, with shares of 8.67% and 6.54% respectively. Significant growth is noted in India's export market with a 30.69% rise, while notable declines are seen in the United States and South Korea. The Compound Annual Growth Rate (CAGR) over the last five years highlights steady growth for many countries, including Denmark and China, which surpasses that of slower-growing or declining markets.
Future trends to watch include potential shifts in market dynamics due to geopolitical changes, climate considerations impacting fish stocks, and technological advances in fishing and preservation. Countries like India and China may continue their upward trajectory, altering the global market landscape. Sustainability trends and regulation changes could also play pivotal roles in shaping the future supply chain for frozen halibut exports.
Top countries in Export of Frozen Whole Halibut Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 29.72 | 2023 | +2.8% | +6.56% | View data |
| 2 | 2 Greenland | 20.37 | 2023 | +2.87% | +2.44% | View data |
| 3 | 3 Russia | 8.68 | 2023 | +2.63% | +1.38% | View data |
| 4 | 4 Norway | 8.67 | 2023 | +1.29% | +2.38% | View data |
| 5 | 5 Canada | 6.54 | 2023 | +2.19% | +3.69% | View data |
| 6 | 6 Spain | 6.11 | 2023 | +0.3% | +0.65% | View data |
| 7 | 7 Iceland | 6.02 | 2023 | -0.48% | -2.25% | View data |
| 8 | 8 China | 3.64 | 2023 | +3.05% | +4.39% | View data |
| 9 | 9 Germany | 2.6 | 2023 | -0.054% | -0.34% | View data |
| 10 | 10 Portugal | 2.02 | 2023 | +3.03% | +3.14% | View data |
