Europe: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Europe

After three years of growth, the Europe preserved anchovies market decreased by -10.8% to $X in 2021. The total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2020, and then dropped in the following year.

Preserved Anchovies Production in Europe

In value terms, preserved anchovies production fell to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 30% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then contracted in the following year.

Preserved Anchovies Exports

Exports in Europe

Preserved anchovies exports skyrocketed to X tons in 2021, rising by 25% on the year before. The total export volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved anchovies exports soared to $X in 2021. The total export value increased at an average annual rate of +5.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Albania (X tons), Spain (X tons) and Italy (X tons) represented roughly 74% of total exports in 2021. Croatia (X tons) took the next position in the ranking, followed by Belgium (X tons). All these countries together took approx. 13% share of total exports. France (X tons) and Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Bulgaria (with a CAGR of +157.2%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Albania ($X) and Italy ($X) constituted the countries with the highest levels of exports in 2021, with a combined 81% share of total exports. These countries were followed by Croatia, France, Belgium and Bulgaria, which together accounted for a further 14%.

Bulgaria, with a CAGR of +106.7%, saw the highest growth rate of 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

The export price in Europe stood at $X per ton in 2021, surging by 6.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2020 when the export price increased by 9.8% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.9%), while the other leaders experienced more modest paces of growth.

Preserved Anchovies Imports

Imports in Europe

In 2021, the amount of anchovies (prepared or preserved) imported in Europe expanded notably to X tons, surging by 11% against the year before. The total import volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved anchovies imports amounted to $X in 2021. The total import value increased at an average annual rate of +4.6% from 2012 to 2021; 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 18%. The level of import peaked in 2021 and is likely to see gradual growth in the near future.

Imports by Country

Spain (X tons) and Italy (X tons) were the largest importers of anchovies (prepared or preserved) in 2021, resulting at approx. 31% and 29% of total imports, respectively. France (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by the UK (5.6%). Germany (X tons), Belgium (X tons), Ukraine (X tons), Albania (X tons) and the Netherlands (X tons) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Ukraine (with a CAGR of +9.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved anchovies importing markets in Europe were Spain ($X), Italy ($X) and France ($X), together comprising 70% of total imports. These countries were followed by the UK, Germany, Albania, Belgium, the Netherlands and Ukraine, which together accounted for a further 20%.

Albania, with a CAGR of +14.2%, recorded the highest growth rate of the value of imports, in terms of 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 Europe stood at $X per ton in 2021, approximately mirroring the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The pace of growth appeared the most rapid in 2013 when the import price increased by 7.7% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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 Albania ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Albania (+15.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform