In 2023, Canada led the global export market of fresh or chilled whole halibut with a share of 54.22% in US dollars, followed by Norway at 18.39% and Denmark at 8.41%. The United States, despite being a significant player, saw a decline of 8.65% year-on-year. Other notable exporters were Sweden and South Korea, while Poland showed remarkable growth with a 78.34% increase. Belgium and Estonia also exhibited substantial growth, increasing their exports by 8.12% and 7.47% respectively. On a five-year average, the share fluctuated with notable encapsulations of volatility in smaller markets.
Looking to the future, the halibut export market might see shifts due to sustainability concerns, changes in fishing policies, and advancements in aquaculture technology. Emerging markets may exhibit more variance in growth rates, with potential for increased competition and collaboration among traditional and new exporting countries. Close monitoring of environmental regulations and trade agreements will also be crucial in shaping the global halibut export landscape.
Top countries in Export of Fresh or Chilled Whole Halibut Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 54.22 | 2023 | +2.76% | +3.23% | View data |
| 2 | 2 Norway | 18.39 | 2023 | +2.66% | +2.51% | View data |
| 3 | 3 Denmark | 8.41 | 2023 | +2.86% | +3.96% | View data |
| 4 | 4 United States | 5.75 | 2023 | -9.1% | -8.65% | View data |
| 5 | 5 Sweden | 3.37 | 2023 | +1.24% | +1.7% | View data |
| 6 | 6 South Korea | 3.2 | 2023 | +4.85% | +5.44% | View data |
| 7 | 7 Iceland | 2.28 | 2023 | +2.34% | +0.24% | View data |
| 8 | 8 Netherlands | 2.26 | 2023 | +4.36% | +4.04% | View data |
| 9 | 9 Estonia | 0.61 | 2023 | +1.77% | +7.47% | View data |
| 10 | 10 France | 0.55 | 2023 | +2.61% | +5.87% | View data |
