Smoked fish market in Finland

Earlier Report Observations

The market for smoked fish in Finland, measured by volume, entered a prolonged downward trajectory between 2018 and 2024. Starting from 6.3 thousand tonnes in 2018, the total market size contracted significantly, ending the period at 3.8 thousand tonnes. The decline was not uniform, with a temporary interruption in 2020 when consumption saw a slight uptick.

Following the brief stabilization, the market resumed its contraction from 2021 onward. The most pronounced drop occurred in 2024, when the market volume fell by over a quarter compared to the previous year. In value terms, the market exhibited greater volatility, with a notable surge to nearly 90 million USD in 2023 despite falling physical volumes, suggesting shifting price levels or product mix within the category.

Production smoked fish in Finland

In value, 2017-2020, K $ US

In 2020, Finland's smoked fish production was valued at 76 933 thousand US dollars, marking a 2.4% decrease from the previous year. From 2017 to 2020, production fell by 13.6%, which translates to an average annual decline of 4.7%. The most significant drop occurred in 2018, with an 11.5% decrease, while the largest increase was a modest 0.1% in 2019.

Annual dynamics of production in Finland in value, 2017-2020, K $ US

In kind, 2017-2020, t

In 2020, Finland produced 5 727 tonnes of smoked fish, down 1.0% from 2019. Over the 2017-2020 period, production decreased by 14.6%, with a compound annual growth rate of -5.1%. The lowest production level was recorded in 2018 at 5 652 tonnes, which also saw the largest decline of 15.7%. In contrast, 2019 experienced the biggest increase at 2.4%.

Annual dynamics of production in Finland in kind, 2017-2020, t

Exports smoked fish from Finland

Exports in kind, t

The market displayed notable volatility during the observed period. In 2019, exports hit their lowest point at 8.3 tonnes, representing a 94.0% decline. By 2020, deliveries surged to 284.5 tonnes, a dramatic increase of 3,314.2% from the previous year, marking the peak. This resulted in a 34-fold difference between the trough in 2019 and the peak in 2020.

Annual dynamics of product's exports from Finland in kind, 2017-2020, t

From 2017 to 2020, Sweden and Estonia were the dominant buyers of smoked fish from Finland, together accounting for 80.3% of total exports in volume. Other trading partners played a less significant role during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Finland in kind, 2017-2020

Exports in value, K $ US

The market experienced significant fluctuations over the observed timeframe. In 2017, exports reached their lowest value, while 2019 saw the peak at 5 803 thousand US dollars, with a 180.9% increase. By 2020, exports dropped to 4 539 thousand US dollars, a sharp 21.8% decrease year-over-year, creating a 3.7-fold gap between the 2017 trough and 2019 peak.

Annual dynamics of product's exports from Finland in value, 2017-2020, K $ US

Between 2017 and 2020, Sweden, Estonia, and Germany were the leading destinations for Finland's smoked fish exports in value terms. Sweden accounted for 44.8% of exports, Estonia for 22.0%, and Germany for 18.0%, collectively making up 84.9% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Finland in value, 2017-2020

Imports smoked fish to Finland

Imports in kind, t

Imports showed an unstable trend throughout the period. In 2019, volumes fell to their lowest at 19.4 tonnes, a 97.5% decline. By 2020, imports rebounded to 563.5 tonnes, a substantial increase of 2,801.1% from the previous year. The peak occurred in 2017, resulting in a 43-fold gap between the 2019 trough and 2017 peak.

Annual dynamics of product's imports to Finland in kind, 2017-2020, t

From 2017 to 2020, Sweden, Estonia, and Poland were the main sources of smoked fish imports to Finland in volume terms. Sweden contributed 33.8% of imports, Estonia 20.1%, and Poland 19.7%, together accounting for 73.6% of total imports.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Finland in kind, 2017-2020

Imports in value, K $ US

Finland's imported smoked fish value declined for the second consecutive year in 2020, totaling 16.7% less than the previous year. Between 2017 and 2020, imports decreased by 25.5%, with an average annual decline of 9.3%. The highest value was recorded in 2018 at 11 871 thousand US dollars, which also saw the largest increase of 3.2%.

Annual dynamics of product's imports to Finland in value, 2017-2020, K $ US

During the 2017-2020 period, three key markets—Sweden, Poland, and Estonia—collectively absorbed 75.0% of Finland's total smoked fish imports in value terms.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Finland in value, 2017-2020