EU: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in the EU

The EU dried or salted fish market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, continues to indicate a mild descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Dried Or Salted Fish in the EU

In value terms, dried or salted fish production totaled $X in 2021 estimated in export price. In general, production, however, saw a slight contraction. The pace of growth appeared the most rapid in 2014 with an increase of 10% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Dried Or Salted Fish

Exports in the EU

In 2021, shipments abroad of dried or salted fish increased by 4.3% to X tons, rising for the second consecutive year after four years of decline. The total export volume increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 41% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, dried or salted fish exports stood at $X in 2021. The total export value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 36%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

In 2021, Sweden (X tons) and the Netherlands (X tons) were the major exporters of dried or salted fish in the European Union, together recording near 51% of total exports. Spain (X tons) took the next position in the ranking, followed by Portugal (X tons), Germany (X tons), Denmark (X tons) and Croatia (X tons). All these countries together held near 41% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +22.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the Netherlands ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2021, with a combined 67% share of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of +30.0%, 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, surging by 2.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2018 when the export price increased by 7.7%. Over the period under review, the export prices attained the maximum at $X per ton in 2019; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per ton), while Croatia ($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 (+5.7%), while the other leaders experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports in the EU

In 2021, purchases abroad of dried or salted fish increased by 2.7% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, recorded a slight slump. The growth pace was the most rapid in 2020 when imports increased by 11% against the previous year. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, dried or salted fish imports expanded slightly to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 7.6% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Portugal (X tons), distantly followed by Sweden (X tons), the Netherlands (X tons), Spain (X tons), Italy (X tons) and Germany (X tons) were the major importers of dried or salted fish, together mixing up 88% of total imports. Denmark (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +7.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Portugal ($X), Sweden ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2021, together comprising 62% of total imports.

The Netherlands, with a CAGR of +10.1%, saw the highest growth rate of the value of imports, in terms of 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, surging by 1.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2018 when the import price increased by 10% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Italy ($X per ton), while Spain ($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 (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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