EU: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in the EU

The EU battered fish fillet market stood at $X in 2021, with an increase of 1.8% against the previous year. The total consumption indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +47.5% against 2015 indices. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Battered Fish Fillet Production in the EU

In value terms, battered fish fillet production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 11%. As a result, production attained the peak level of $X, and then shrank in the following year.

Battered Fish Fillet Exports

Exports in the EU

In 2021, shipments abroad of fish fillets in batter or breadcrumbs was finally on the rise to reach X tons after two years of decline. The total export volume increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 11% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, battered fish fillet exports totaled $X in 2021. The total export value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 16%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany represented the main exporting country with an export of around X tons, which reached 45% of total exports. Poland (X tons) ranks second in terms of the total exports with a 20% share, followed by the Netherlands (10%), Denmark (7.6%) and France (5.9%). Belgium (X tons) and Spain (X tons) followed a long way behind the leaders.

Exports from Germany increased at an average annual rate of +2.1% from 2012 to 2021. At the same time, Belgium (+18.0%), the Netherlands (+8.3%), France (+7.6%), Poland (+7.2%) and Spain (+5.2%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +18.0% from 2012-2021. Denmark experienced a relatively flat trend pattern. While the share of Poland (+4.9 p.p.), the Netherlands (+3.3 p.p.), Belgium (+2.5 p.p.) and France (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Denmark (-2.6 p.p.) and Germany (-7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest battered fish fillet supplier in the European Union, comprising 40% of total exports. The second position in the ranking was taken by Poland ($X), with a 19% share of total exports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany amounted to +2.1%. In the other countries, the average annual rates were as follows: Poland (+9.0% per year) and the Netherlands (+9.5% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, with an increase of 5.2% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in the Netherlands ($X per ton) and Denmark ($X per ton), while Germany ($X per ton) and Spain ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+1.7%), while the other leaders experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports in the EU

Battered fish fillet imports rose to X tons in 2021, surging by 3.4% compared with the previous year. The total import volume increased at an average annual rate of +5.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 14%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, battered fish fillet imports stood at $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +54.1% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 15% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

Imports by Country

The purchases of the three major importers of fish fillets in batter or breadcrumbs, namely Germany, Italy and France, represented more than half of total import. It was distantly followed by Belgium (X tons), Denmark (X tons) and Austria (X tons), together committing a 17% share of total imports. The following importers - Sweden (X tons), the Netherlands (X tons), Portugal (X tons), Poland (X tons), Spain (X tons), Ireland (X tons) and Hungary (X tons) - together made up 23% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +18.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest battered fish fillet importing markets in the European Union were Germany ($X), Italy ($X) and France ($X), with a combined 51% share of total imports. Belgium, Denmark, the Netherlands, Austria, Sweden, Spain, Portugal, Poland, Ireland and Hungary lagged somewhat behind, together comprising a further 41%.

Among the main importing countries, Poland, with a CAGR of +18.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, with an increase of 4% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 8.6%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

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

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

Source: IndexBox Platform

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