EU: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in the EU

In 2021, the EU preserved fish fillet market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Preserved Fish Fillet Production in the EU

In value terms, preserved fish fillet production surged to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 48% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Preserved Fish Fillet Exports

Exports in the EU

In 2021, approx. X tons of fish fillets (dried, salted or in brine, but not smoked) were exported in the European Union; shrinking by -1.9% on the previous year's figure. Total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 65%. As a result, the exports reached the peak of X tons, and then declined modestly in the following year.

In value terms, preserved fish fillet exports expanded markedly to $X in 2021. Total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +69.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 54%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

Exports by Country

Denmark (X tons) and the Netherlands (X tons) represented roughly 59% of total exports in 2021. It was distantly followed by Germany (X tons), Sweden (X tons), Spain (X tons) and Poland (X tons), together achieving a 30% share of total exports. Portugal (X tons) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +42.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest preserved fish fillet supplying countries in the European Union were the Netherlands ($X), Denmark ($X) and Poland ($X), together accounting for 66% of total exports.

Poland, with a CAGR of +47.1%, 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 2021, surging by 12% against the previous year. Over the period under review, the export price continues to indicate 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.

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 Poland (+3.1%), while the other leaders experienced more modest paces of growth.

Preserved Fish Fillet Imports

Imports in the EU

In 2021, overseas purchases of fish fillets (dried, salted or in brine, but not smoked) increased by 6.8% to X tons, rising for the second year in a row after five years of decline. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 30%. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, preserved fish fillet imports rose notably to $X in 2021. The total import value increased at an average annual rate of +2.3% 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 31% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Italy (X tons), Denmark (X tons), the Netherlands (X tons) and Spain (X tons) represented the largest importer of fish fillets (dried, salted or in brine, but not smoked) in the European Union, committing 77% of total import. Germany (X tons) ranks next in terms of the total imports with a 6.7% share, followed by Sweden (6%). France (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by France (with a CAGR of +9.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), the Netherlands ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 64% of total imports. These countries were followed by Denmark, Germany, Sweden and France, which together accounted for a further 27%.

Among the main importing countries, Denmark, with a CAGR of +12.1%, recorded the highest growth rate of 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, growing by 7.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+2.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :