EU: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in the EU

In 2021, the EU dried or smoked fish market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Dried Or Smoked Fish in the EU

In value terms, dried or smoked fish production dropped rapidly to $X in 2021 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 20% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Dried Or Smoked Fish

Exports in the EU

In 2021, the amount of dried or smoked fish exported in the European Union rose significantly to X tons, with an increase of 7.7% compared with the previous year's figure. The total export volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, dried or smoked fish exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +5.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 13%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

In 2021, Poland (X tons), distantly followed by the Netherlands (X tons), Sweden (X tons), Denmark (X tons), Germany (X tons), Lithuania (X tons) and Spain (X tons) were the main exporters of dried or smoked fish, together making up 84% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +15.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest dried or smoked fish supplier in the European Union, comprising 32% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total exports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland totaled +7.8%. In the other countries, the average annual rates were as follows: the Netherlands (+15.9% per year) and Germany (+3.8% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, approximately equating the previous year. Over the last nine-year period, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2017 an increase of 12%. Over the period under review, the export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+4.3%), while the other leaders experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports in the EU

In 2021, purchases abroad of dried or smoked fish increased by 3.1% to X tons, rising for the second consecutive year after three years of decline. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 8%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, dried or smoked fish imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 10% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), Portugal (X tons), Italy (X tons), the Netherlands (X tons), Sweden (X tons), Spain (X tons), France (X tons) and Denmark (X tons) represented roughly 88% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +6.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Portugal ($X) were the countries with the highest levels of imports in 2021, together comprising 52% of total imports. Sweden, the Netherlands, France, Spain and Denmark lagged somewhat behind, together comprising a further 34%.

Among the main importing countries, Denmark, with a CAGR of +8.8%, 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, surging by 2.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2017 when the import price increased by 12% against the previous year. 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, the country with the highest price was Germany ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+2.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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