EU: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in the EU

In 2022, the EU frozen crustaceans market increased by X% 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 X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

Frozen Crustaceans Production in the EU

In value terms, frozen crustaceans production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X, and then declined in the following year.

Frozen Crustaceans Exports

Exports in the EU

After six years of growth, overseas shipments of frozen crustaceans decreased by X% to X tons in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons, and then declined in the following year.

In value terms, frozen crustaceans exports contracted to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then contracted in the following year.

Exports by Country

In 2022, Denmark (X tons), distantly followed by the Netherlands (X tons), Spain (X tons), Belgium (X tons) and France (X tons) represented the major exporters of frozen crustaceans, together achieving X% of total exports. The following exporters - Germany (X tons) and Estonia (X tons) - each recorded an X% share of total exports.

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

In value terms, Denmark ($X), the Netherlands ($X) and Spain ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Estonia ($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 (X%), while the other leaders experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports in the EU

In 2022, purchases abroad of frozen crustaceans decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons, and then declined modestly in the following year.

In value terms, frozen crustaceans imports contracted modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Spain (X tons), France (X tons), Italy (X tons), Denmark (X tons) and the Netherlands (X tons) was the largest importer of frozen crustaceans in the European Union, creating X% of total import. Germany (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (X%).

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen crustaceans importing markets in the European Union were Spain ($X), France ($X) and Italy ($X), with a combined X% share of total imports. The Netherlands, Germany, Denmark and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, the Netherlands, with a CAGR of X%, 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

In 2022, the import price in the European Union amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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