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Export News
10-04-2025
The global frozen fish market remained a significant sector in 2023, with total exports of whole frozen fish reaching a value of $25.2 billion across all participating countries.
Compared to 2019, when the global export total stood at $25.1 billion, this reflects a modest 0.7% growth over a five-year span. However, on a yearly basis, export values declined by 8.9% from $27.7 billion in 2022.
The five leading exporters—Russia, mainland China, Chile, the United States, and Norway—jointly contributed 41.6% of the global market for whole frozen fish in 2023.
From a continental perspective, Europe was the dominant supplier of frozen fish in 2023, generating $8.9 billion in export revenue, or approximately 36.3% of the total. Asia followed with a 32.8% share, while Latin America (excluding Mexico but including the Caribbean) held 11.3%.
The remaining shares came from North America (8%), Africa (6.3%), and Oceania (5.3%), with key contributions from nations such as New Zealand, Micronesia, and Vanuatu.
For classification purposes, the Harmonized System (HS) Code for frozen whole fish (excluding fillets) is 0303.
Top 15 Countries Exporting Frozen Fish (2023)
These nations recorded the highest export values for whole frozen fish last year:
1.Russia: $3B (11.7%)
2.Mainland China: $2.3B (8.9%)
3.Chile: $1.9B (7.7%)
4.United States: $1.7B (6.8%)
5.Norway: $1.6B (6.5%)
6.Taiwan: $1B (4%)
7.Spain: $930.5M (3.7%)
8.South Korea: $872.7M (3.5%)
9.Netherlands: $824.3M (3.3%)
10.India: $710.9M (2.8%)
11.Denmark: $635.8M (2.5%)
12.Greenland: $581.2M (2.3%)
13.Indonesia: $515M (2%)
14.Japan: $435.1M (1.7%)
15.Vietnam: $432.6M (1.7%)
Together, these 15 countries accounted for 69.1% of the total export value for frozen whole fish in 2023.
Fastest-Growing and Declining Exporters
Several countries experienced notable growth in frozen fish exports between 2022 and 2023:
·Russia: +60.2%
·India: +49.4%
·South Korea: +35.9%
·Vietnam: +34.1%
Conversely, there were declines among some major exporters:
·Japan: -11.9%
·Mainland China: -4.2%
·Greenland: -0.5%
Major Frozen Fish Export Companies
As reported by trade data analytics platform Tendata, the following are some of the largest companies engaged in frozen fish exports globally:
1.MINDHOLA FOODS LLP – $57.48M (12.26%)
2.RIZWAN ICE AND COLD STORAGE – $42.85M (9.14%)
3.ATLAS FISHERIES PVT LTD – $27.36M (5.84%)
4.VASAI FROZEN FOOD CO – $19.15M (4.09%)
5.VASAI FROZEN FOODS – $19.03M (4.06%)
6.CÀ MAU SEAFOOD PROCESSING & SERVICE JOINT STOCK CO. – $18.51M (3.95%)
7.PT BUMI MENARA INTERNUSA – $14.93M (3.19%)
8.GADRE MARINE EXPORT PVT LTD – $14.01M (2.99%)
9.BANGERA OVERSEAS PVT LTD – $13.71M (2.92%)
10.GOAN FRESH MARINE EXPORTS PVT LTD – $12.75M (2.72%)
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