In 2023, Denmark led the global export of frozen whole halibut, contributing significantly with China and the Netherlands showing notable growth in their export values, reflecting increased demand or production capabilities. Denmark remained robust, presenting a 4.79% growth, while other major players like Greenland, Norway, and Russia maintained steady increases. Conversely, Iceland saw a slight decline, and the United States experienced a significant decrease of 11.16%. Other countries like India and Italy recorded substantial year-on-year growth, suggesting emerging markets or increasing production capacity.
Looking ahead, the trend toward sustainable and health-conscious consumption could impact global halibut exports. There is potential for significant market expansion in developing countries, provided infrastructural and logistical challenges are addressed. The dynamics of international trade policies and climate change effects are factors to consider for future market forecasting.
Top countries in Export of Frozen Whole Halibut by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Denmark | 299,330,000 | 2023 | +3.17% | +4.79% | View data |
| 2 | 2 Greenland | 160,840,000 | 2023 | +3.59% | +2.65% | View data |
| 3 | 3 Norway | 84,344,000 | 2023 | +2.31% | +3.18% | View data |
| 4 | 4 Russia | 83,048,000 | 2023 | +3.91% | +2.39% | View data |
| 5 | 5 Iceland | 77,282,000 | 2023 | +1.65% | -0.095% | View data |
| 6 | 6 Spain | 62,446,000 | 2023 | +1.37% | +2.11% | View data |
| 7 | 7 Canada | 51,110,000 | 2023 | +2.6% | +2.34% | View data |
| 8 | 8 China | 42,229,000 | 2023 | +3.71% | +4.84% | View data |
| 9 | 9 Germany | 29,570,000 | 2023 | +1.4% | +0.48% | View data |
| 10 | 10 Portugal | 22,682,000 | 2023 | +3.9% | +3.76% | View data |
