EU: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in the EU

The EU fresh fish fillet market expanded significantly to $X in 2021, surging by 6.8% against the previous year. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +56.4% against 2015 indices. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Fresh Fish Fillet Production in the EU

In value terms, fresh fish fillet production fell slightly to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +76.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Fresh Fish Fillet Exports

Exports in the EU

In 2021, exports of fresh or chilled fish fillets in the European Union skyrocketed to X tons, picking up by 19% against the year before. The total export volume increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, fresh fish fillet exports surged to $X in 2021. In general, exports posted a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X tons), Denmark (X tons), Sweden (X tons) and Poland (X tons) was the largest exporter of fresh or chilled fish fillets in the European Union, comprising 72% of total export. It was distantly followed by Belgium (X tons), France (X tons) and Spain (X tons), together mixing up a 16% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Poland (with a CAGR of +18.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest fresh fish fillet supplying countries in the European Union were the Netherlands ($X), Denmark ($X) and Sweden ($X), with a combined 57% share of total exports. Poland, Belgium, France and Spain lagged somewhat behind, together accounting for a further 31%.

Poland, with a CAGR of +26.5%, recorded the highest rates of growth with regard to 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

In 2021, the export price in the European Union amounted to $X per ton, rising by 7.9% against the previous year. Over the last nine years, it increased at an average annual rate of +4.5%. The pace of growth appeared the most rapid in 2013 when the export price increased by 14% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in France ($X per ton) and Belgium ($X per ton), while Sweden ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.7%), while the other leaders experienced more modest paces of growth.

Fresh Fish Fillet Imports

Imports in the EU

In 2021, overseas purchases of fresh or chilled fish fillets increased by 13% to X tons, rising for the fourth year in a row after four years of decline. The total import volume increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when imports increased by 13%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, fresh fish fillet imports skyrocketed to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.9% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons), Sweden (X tons), Germany (X tons), Italy (X tons), the Netherlands (X tons), Belgium (X tons), Denmark (X tons), Spain (X tons) and Poland (X tons) was the largest importer of fresh or chilled fish fillets in the European Union, comprising 89% of total import.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +9.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Sweden ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, with a combined 43% share of total imports. The Netherlands, Belgium, Italy, Denmark, Spain and Poland lagged somewhat behind, together comprising a further 47%.

Among the main importing countries, Denmark, with a CAGR of +16.7%, saw 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, increasing by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2013 an increase of 12% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while Poland ($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 (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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