EU: Canned Food Market 2024

Canned Food Market Size in the EU

The EU canned food market rose to $X in 2021, growing by 4.2% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Canned Food Production in the EU

In value terms, canned food production dropped rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 7.8%. The level of production peaked at $X in 2020, and then fell markedly in the following year.

Canned Food Exports

Exports in the EU

In 2021, after nine years of growth, there was decline in overseas shipments of canned food, when their volume decreased by -0.9% to X tons. The total export volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 4.9% against the previous year. The volume of export peaked at X tons in 2020, and then fell in the following year.

In value terms, canned food exports stood at $X in 2021. The total export value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 13%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

In 2021, Italy (X tons), distantly followed by the Netherlands (X tons), Spain (X tons), Germany (X tons), Poland (X tons), Belgium (X tons) and France (X tons) were the largest exporters of canned food, together generating 80% of total exports. The following exporters - Hungary (X tons), Greece (X tons), Ireland (X tons), Denmark (X tons) and Portugal (X tons) - together made up 14% of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +7.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest canned food supplying countries in the European Union were the Netherlands ($X), Germany ($X) and Italy ($X), together accounting for 42% of total exports. Spain, France, Poland, Belgium, Ireland, Greece, Denmark, Hungary and Portugal lagged somewhat behind, together comprising a further 50%.

Poland, with a CAGR of +11.1%, recorded the highest growth rate of 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

In 2021, the export price in the European Union amounted to $X per ton, increasing by 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2013 an increase of 9% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Ireland ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.5%), while the other leaders experienced more modest paces of growth.

Canned Food Imports

Imports in the EU

After two years of growth, purchases abroad of canned food decreased by -0.8% to X tons in 2021. The total import volume increased at an average annual rate of +1.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 5.9% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then reduced in the following year.

In value terms, canned food imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when imports increased by 8.1% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Germany (X tons), distantly followed by France (X tons), the Netherlands (X tons), Belgium (X tons), Spain (X tons) and Italy (X tons) were the largest importers of canned food, together constituting 67% of total imports. Sweden (X tons), Poland (X tons), Romania (X tons), Austria (X tons), Denmark (X tons), the Czech Republic (X tons) and Ireland (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +9.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest canned food importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined 45% share of total imports. These countries were followed by Belgium, Spain, Italy, Poland, Sweden, Denmark, Austria, Ireland, the Czech Republic and Romania, which together accounted for a further 41%.

Romania, with a CAGR of +12.0%, recorded the highest growth rate of 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 2021, surging by 7.4% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Ireland ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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