EU: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in the EU

In 2021, the EU preserved anchovies market decreased by -15% to $X for the first time since 2017, thus ending a three-year rising trend. The total consumption indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then contracted in the following year.

Preserved Anchovies Production in the EU

In value terms, preserved anchovies production declined remarkably to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 34% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then reduced sharply in the following year.

Preserved Anchovies Exports

Exports in the EU

In 2021, the amount of anchovies (prepared or preserved) exported in the European Union surged to X tons, increasing by 16% against the previous year's figure. The total export volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved anchovies exports surged to $X in 2021. The total export value increased at an average annual rate of +4.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) and Italy (X tons) represented the largest exporters of anchovies (prepared or preserved) in 2021, recording approx. 35% and 26% of total exports, respectively. Croatia (X tons) took the next position in the ranking, followed by Belgium (X tons) and France (X tons). All these countries together took near 26% share of total exports. Bulgaria (X tons) and Germany (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +157.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved anchovies supplying countries in the European Union were Spain ($X), Italy ($X) and Croatia ($X), together accounting for 81% of total exports. These countries were followed by France, Belgium, Germany and Bulgaria, which together accounted for a further 15%.

Among the main exporting countries, Bulgaria, with a CAGR of +106.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 an increase of 14% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the other leaders experienced more modest paces of growth.

Preserved Anchovies Imports

Imports in the EU

In 2021, approx. X tons of anchovies (prepared or preserved) were imported in the European Union; with an increase of 11% on the previous year. The total import volume increased at an average annual rate of +2.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved anchovies imports expanded remarkably to $X in 2021. The total import value increased at an average annual rate of +4.6% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 19%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Spain (X tons) and Italy (X tons) represented roughly 68% of total imports in 2021. It was distantly followed by France (X tons), comprising a 16% share of total imports. Germany (X tons), Belgium (X tons) and the Netherlands (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Spain (with a CAGR of +6.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Italy ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, together comprising 82% of total imports.

Spain, with a CAGR of +8.1%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, stabilizing at the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 when the import price increased by 9.5%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :