Europe: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Europe

The Europe fresh fish fillet market expanded slightly to $X in 2021, growing by 3.3% against the previous year. The market value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when the market value increased by 8.4%. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Fresh Fish Fillet Production in Europe

In value terms, fresh fish fillet production reduced to $X in 2021 estimated in export price. The total production indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +92.2% against 2012 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by 29% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then reduced modestly in the following year.

Fresh Fish Fillet Exports

Exports in Europe

In 2021, the amount of fresh or chilled fish fillets exported in Europe stood at X tons, increasing by 15% on the year before. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.1% against 2017 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 27%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, fresh fish fillet exports soared to $X in 2021. Over the period under review, exports showed a strong increase. The growth pace was the most rapid in 2018 when exports increased by 26%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

In 2021, Norway (X tons) was the key exporter of fresh or chilled fish fillets, comprising 30% of total exports. The Netherlands (X tons) took a 14% share (based on physical terms) of total exports, which put it in second place, followed by Denmark (10%), Iceland (9.8%), Sweden (8.9%) and Poland (7.6%). The following exporters - Belgium (X tons), France (X tons) and Spain (X tons) - each recorded a 9.1% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to fresh fish fillet exports from Norway stood at +6.2%. At the same time, Poland (+18.5%), the Netherlands (+8.9%), Spain (+5.0%), Iceland (+3.4%), Belgium (+2.8%), Denmark (+2.3%) and France (+1.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Europe, with a CAGR of +18.5% from 2012-2021. Sweden experienced a relatively flat trend pattern. While the share of Iceland (+9.8 p.p.), Poland (+4.9 p.p.), the Netherlands (+3.5 p.p.) and Norway (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Denmark (-3.2 p.p.) and Sweden (-6.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest fresh fish fillet supplying countries in Europe were Norway ($X), the Netherlands ($X) and Iceland ($X), with a combined 55% share of total exports. These countries were followed by Denmark, Sweden, Poland, Belgium, France and Spain, which together accounted for a further 35%.

Among the main exporting countries, Poland, with a CAGR of +26.5%, 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

In 2021, the export price in Europe amounted to $X per ton, rising by 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.5%. The growth pace was the most rapid in 2013 when the export price increased by 16%. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in France ($X per ton) and Belgium ($X per ton), while Sweden ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.7%), while the other leaders experienced more modest paces of growth.

Fresh Fish Fillet Imports

Imports in Europe

In 2021, imports of fresh or chilled fish fillets in Europe rose remarkably to X tons, growing by 9.4% on the previous year's figure. The total import volume 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 throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 13%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, fresh fish fillet imports soared to $X in 2021. The total import value increased at an average annual rate of +5.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, France (X tons), Sweden (X tons), Germany (X tons), Italy (X tons), the Netherlands (X tons), Belgium (X tons), Denmark (X tons), Spain (X tons) and Poland (X tons) was the key importer of fresh or chilled fish fillets in Europe, making up 84% of total import. The following importers - Switzerland (X tons) and the UK (X tons) - each accounted for a 4.8% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +9.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Sweden ($X) and Germany ($X) were the countries with the highest levels of imports in 2021, together comprising 40% of total imports. The Netherlands, Belgium, Italy, Denmark, Spain, Switzerland, Poland and the UK lagged somewhat behind, together accounting for a further 50%.

In terms of the main importing countries, Denmark, with a CAGR of +16.7%, saw the highest rates of growth with regard to 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 2021, the import price in Europe amounted to $X per ton, surging by 12% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.5%. As a result, import price reached 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, amid the top importers, the country with the highest price was Switzerland ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+6.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform