EU: Market for Fresh Or Chilled Anchovies 2025

Market Size for Fresh Or Chilled Anchovies in the EU

In 2021, the EU fresh or chilled anchovies market increased by 2% to $X, rising for the third consecutive year after two years of decline. In general, consumption continues to indicate a deep slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Fresh Or Chilled Anchovies in the EU

In value terms, fresh or chilled anchovies production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 22%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in the EU

In 2021, shipments abroad of fresh or chilled anchovieses was finally on the rise to reach X tons after two years of decline. Total exports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 31%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, fresh or chilled anchovies exports soared to $X in 2021. The total export value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Portugal (X tons), Spain (X tons) and Italy (X tons) represented roughly 86% of total exports in 2021. It was distantly followed by Croatia (X tons), achieving a 9.7% share of total exports. France (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +40.1%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Portugal ($X), Spain ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2021, with a combined 89% share of total exports.

Portugal, with a CAGR of +30.3%, 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, with an increase of 13% 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 2013 when the export price increased by 18%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Croatia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Anchovies

Imports in the EU

In 2021, purchases abroad of fresh or chilled anchovieses was finally on the rise to reach X tons after four years of decline. In general, imports, however, showed a mild downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 43%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, fresh or chilled anchovies imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) was the main importer of fresh or chilled anchovieses, creating 53% of total imports. Italy (X tons) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Croatia (9.8%), Germany (6.1%) and France (5.2%).

From 2012 to 2021, average annual rates of growth with regard to fresh or chilled anchovies imports into Spain stood at -5.4%. At the same time, Croatia (+51.4%), Germany (+15.2%) and France (+7.9%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing importer imported in the European Union, with a CAGR of +51.4% from 2012-2021. Italy experienced a relatively flat trend pattern. From 2012 to 2021, the share of Croatia, Germany, Italy and France increased by +9.6, +4.6, +4.1 and +2.9 percentage points, respectively.

In value terms, the largest fresh or chilled anchovies importing markets in the European Union were Spain ($X), Italy ($X) and France ($X), with a combined 79% share of total imports. These countries were followed by Germany and Croatia, which together accounted for a further 14%.

Croatia, with a CAGR of +40.5%, saw the highest rates of growth with regard to 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

The import price in the European Union stood at $X per ton in 2021, picking up by 9.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth appeared the most rapid in 2013 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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