EU: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in the EU

In 2022, the EU market for fish fillets and other fish meat increased by 22% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +3.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Fish Fillets and Other Fish Meat in the EU

In value terms, production of fish fillets and other fish meat skyrocketed to $X in 2022 estimated in export price. The total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +76.8% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 36%. Over the period under review, production of reached the maximum level in 2022 and is expected to retain growth in the near future.

Exports of Fish Fillets and Other Fish Meat

Exports in the EU

In 2022, after six years of growth, there was significant decline in shipments abroad of fish fillets and other fish meat, when their volume decreased by -8.6% to X tons. The total export volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 14%. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, exports of fish fillets and other fish meat amounted to $X in 2022. Total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.5% against 2015 indices. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, the Netherlands (X tons), distantly followed by Poland (X tons), Germany (X tons), Denmark (X tons), Sweden (X tons) and Spain (X tons) represented the main exporters of fish fillets and other fish meat, together mixing up 82% of total exports. Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +7.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest fish fillets and other fish meat supplying countries in the European Union were the Netherlands ($X), Poland ($X) and Denmark ($X), together accounting for 50% of total exports.

Poland, with a CAGR of +11.6%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries 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 2022, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Denmark ($X per ton) and Poland ($X per ton), while Lithuania ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.2%), while the other leaders experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports in the EU

In 2022, supplies from abroad of fish fillets and other fish meat increased by 1.7% to X tons, rising for the second year in a row after two years of decline. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 4.2% against the previous year. The volume of import peaked at X tons in 2014; afterwards, it flattened through to 2022.

In value terms, imports of fish fillets and other fish meat totaled $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 11% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), France (X tons), Poland (X tons) and Spain (X tons) was the largest importer of fish fillets and other fish meat in the European Union, committing 60% of total import. Italy (X tons) took the next position in the ranking, followed by Sweden (X tons) and the Netherlands (X tons). All these countries together took approx. 22% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sweden (with a CAGR of +2.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fish fillets and other fish meat importing markets in the European Union were Germany ($X), France ($X) and Spain ($X), together comprising 46% of total imports. Sweden, Italy, Poland and the Netherlands lagged somewhat behind, together accounting for a further 35%.

Poland, with a CAGR of +5.5%, 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 2022, the import price in the European Union amounted to $X per ton, picking up by 4.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2021 when the import price increased by 7.5% against the previous year. Over the period under review, import prices hit record highs in 2022 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 Sweden ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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