EU: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in the EU

For the third year in a row, the EU frozen atlantic halibut market recorded growth in sales value, which increased by X% to $X in 2020. Over the period under review, consumption continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2016 when the market value increased by X% against the previous year. Over the period under review, the market reached the maximum level in 2020 and is likely to see steady growth in the immediate term.

Frozen Atlantic Halibut Production in the EU

In value terms, frozen atlantic halibut production skyrocketed to $X in 2020 estimated in export prices. Overall, production posted buoyant growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Production By Country in the EU

Denmark (X tons) constituted the country with the largest volume of frozen atlantic halibut production, accounting for X% of total volume. Moreover, frozen atlantic halibut production in Denmark exceeded the figures recorded by the second-largest producer, Spain (X tons), fivefold. Germany (X tons) ranked third in terms of total production with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Denmark was relatively modest. In the other countries, the average annual rates were as follows: Spain (+X% per year) and Germany (+X% per year).

Frozen Atlantic Halibut Exports

Exports in the EU

In 2020, shipments abroad of frozen atlantic halibut increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports enjoyed a prominent expansion. As a result, exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen atlantic halibut exports skyrocketed to $X in 2020. In general, exports recorded a remarkable increase. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2020, Denmark (X tons) was the largest exporter of frozen atlantic halibut, making up X% of total exports. Spain (X tons) ranks second in terms of the total exports with a X% share, followed by Germany (X%). Portugal (X tons) and Estonia (X tons) held a minor share of total exports.

Denmark was also the fastest-growing in terms of the frozen atlantic halibut exports, with a CAGR of +X% from 2007 to 2020. At the same time, Spain (+X%) and Germany (+X%) displayed positive paces of growth. Estonia experienced a relatively flat trend pattern. By contrast, Portugal (-X%) illustrated a downward trend over the same period. Denmark (+X p.p.) significantly strengthened its position in terms of the total exports, while Estonia, Portugal, Germany and Spain saw its share reduced by -X%, -X%, -X% and -X% from 2007 to 2020, respectively.

In value terms, Denmark ($X) emerged as the largest frozen atlantic halibut supplier in the European Union, comprising X% of total exports. The second position in the ranking was occupied by Spain ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

In Denmark, frozen atlantic halibut exports increased at an average annual rate of +X% over the period from 2007-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the frozen atlantic halibut export price in the European Union amounted to $X per ton, with a decrease of -X% against the previous year. Overall, the export price, however, continues to indicate mild growth. The pace of growth appeared the most rapid in 2011 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Portugal ($X per ton) and Spain ($X per ton), while Estonia ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Frozen Atlantic Halibut Imports

Imports in the EU

In 2020, the amount of frozen atlantic halibut imported in the European Union contracted to X tons, reducing by -X% compared with the previous year. The total import volume increased at an average annual rate of +X% from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. As a result, imports attained the peak of X tons. from 2017 to 2020, the growth imports remained at a lower figure.

In value terms, frozen atlantic halibut imports declined sharply to $X in 2020. Total imports indicated measured growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019, and then shrank sharply in the following year.

Imports by Country

Denmark prevails in frozen atlantic halibut imports structure, finishing at X tons, which was approx. X% of total imports in 2020. It was distantly followed by Poland (X tons), comprising a X% share of total imports. The following importers - Germany (X tons) and Spain (X tons) - together made up X% of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen atlantic halibut imports into Denmark stood at +X%. At the same time, Poland (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the European Union, with a CAGR of +X% from 2007-2020. By contrast, Spain (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Denmark increased by +X% percentage points, while Spain (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported frozen atlantic halibut in the European Union, comprising X% of total imports. The second position in the ranking was occupied by Germany ($X), with a X% share of total imports. It was followed by Poland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value in Denmark stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+X% per year) and Poland (+X% per year).

Import Prices by Country

In 2020, the frozen atlantic halibut import price in the European Union amounted to $X per ton, declining by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. Over the period under review, import prices reached the maximum at $X per ton in 2019, and then shrank in the following year.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Germany ($X per ton) and Denmark ($X per ton), while Spain ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :