EU: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in the EU

The EU frozen fish fillet market skyrocketed to $X in 2022, increasing by 16% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Frozen Fish Fillet Production in the EU

In value terms, frozen fish fillet production rose notably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +5.4% 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 2013 with an increase of 11% against the previous year. The level of production peaked in 2022 and is expected to retain growth in years to come.

Frozen Fish Fillet Exports

Exports in the EU

In 2022, shipments abroad of frozen fish fillet decreased by -6.8% to X tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 14% against the previous year. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, frozen fish fillet exports expanded markedly to $X in 2022. Total exports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +93.9% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 16% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The shipments of the six major exporters of frozen fish fillet, namely the Netherlands, Germany, Poland, Denmark, Spain and Sweden, represented more than two-thirds of total export. Lithuania (X tons) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Sweden (with a CAGR of +13.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish fillet supplying countries in the European Union were the Netherlands ($X), Poland ($X) and Denmark ($X), together accounting for 50% of total exports. Germany, Spain, Sweden and Lithuania lagged somewhat behind, together comprising a further 35%.

Sweden, with a CAGR of +13.4%, saw the highest rates of growth with regard to the value of exports, among 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 2022, surging by 18% against the previous year. Over the last decade, it increased at an average annual rate of +3.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Germany ($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 (+5.2%), while the other leaders experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports in the EU

Frozen fish fillet imports rose slightly to X tons in 2022, picking up by 3.8% compared with the year before. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 5.7% against the previous year. The volume of import peaked at X tons in 2019; afterwards, it flattened through to 2022.

In value terms, frozen fish fillet imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), distantly followed by France (X tons), Poland (X tons), Spain (X tons), the Netherlands (X tons), Italy (X tons) and Sweden (X tons) represented the main importers of frozen fish fillet, together committing 84% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Sweden (with a CAGR of +2.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish fillet importing markets in the European Union were Germany ($X), France ($X) and Spain ($X), together comprising 50% of total imports. Italy, Poland, the Netherlands and Sweden lagged somewhat behind, together comprising a further 34%.

Italy, with a CAGR of +5.1%, saw the highest rates of growth with regard to the value of imports, among 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 2022, with an increase of 9.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per ton), while Poland ($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 (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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