Europe: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Europe

In 2021, after two years of decline, there was significant growth in the Europe dried or smoked fish market, when its value increased by 16% to $X. The market value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Dried Or Smoked Fish in Europe

In value terms, dried or smoked fish production fell to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports in Europe

In 2021, exports of dried or smoked fish in Europe shrank slightly to X tons, declining by -3.4% compared with the year before. The total export volume increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 20% against the previous year. As a result, the exports reached the peak of X tons, and then dropped slightly in the following year.

In value terms, dried or smoked fish exports rose modestly to $X in 2021. The total export value increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 10%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Norway (X tons), distantly followed by Poland (X tons), the Netherlands (X tons), Sweden (X tons), Denmark (X tons) and Germany (X tons) were the major exporters of dried or smoked fish, together making up 75% of total exports. Belarus (X tons), Lithuania (X tons), Spain (X tons) and Portugal (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +25.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Norway ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2021, with a combined 52% share of total exports. Germany, Denmark, Lithuania, Sweden, Spain, Belarus and Portugal lagged somewhat behind, together accounting for a further 35%.

In terms of the main exporting countries, Belarus, with a CAGR of +18.9%, saw 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 Europe stood at $X per ton in 2021, with an increase of 6.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2017 when the export price increased by 7.1%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+4.3%), while the other leaders experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports in Europe

In 2021, supplies from abroad of dried or smoked fish increased by 4.5% to X tons, rising for the third consecutive year after two years of decline. The total import volume increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 when imports increased by 8.5% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, dried or smoked fish imports expanded notably to $X in 2021. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 9.8% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Germany (X tons), Portugal (X tons), Italy (X tons), the Netherlands (X tons), Sweden (X tons), Spain (X tons), Russia (X tons), France (X tons), Denmark (X tons), the UK (X tons), Albania (X tons) and Belgium (X tons) represented roughly 89% of total imports in 2021.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Albania (with a CAGR of +19.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest dried or smoked fish importing markets in Europe were Germany ($X), Italy ($X) and Portugal ($X), with a combined 46% share of total imports. These countries were followed by Sweden, the Netherlands, France, Spain, Belgium, Russia, Denmark, the UK and Albania, which together accounted for a further 42%.

Albania, with a CAGR of +21.7%, 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 equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 an increase of 10%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform