Europe: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in Europe

In 2022, after two years of decline, there was significant growth in the Europe frozen fish fillet market, when its value increased by 11% to $X. The market value increased at an average annual rate of +2.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Frozen Fish Fillet Production in Europe

In value terms, frozen fish fillet production rose sharply to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by 8.6%. The level of production peaked in 2022 and is expected to retain growth in the immediate term.

Frozen Fish Fillet Exports

Exports in Europe

For the third consecutive year, Europe recorded growth in shipments abroad of frozen fish fillet, which increased by 3% to X tons in 2022. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 15% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, frozen fish fillet exports surged to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.2% 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 +49.6% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway (X tons), the Netherlands (X tons), Russia (X tons), Germany (X tons), Iceland (X tons), Poland (X tons), Denmark (X tons), Spain (X tons) and Sweden (X tons) represented roughly 88% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +13.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the Netherlands ($X) and Iceland ($X) were the countries with the highest levels of exports in 2022, together comprising 42% of total exports. Poland, Denmark, Germany, Russia, Spain and Sweden lagged somewhat behind, together comprising a further 45%.

Sweden, with a CAGR of +13.4%, saw 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 2022, the export price in Europe amounted to $X per ton, growing by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Russia ($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 Europe

Frozen fish fillet imports rose to X tons in 2022, picking up by 1.8% against 2021 figures. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 5.9% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen fish fillet imports expanded sharply to $X in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations 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), the UK (X tons), Spain (X tons), the Netherlands (X tons) and Italy (X tons) were the largest importers of frozen fish fillet, together making up 78% of total imports. The following importers - Sweden (X tons), Russia (X tons), Denmark (X tons), Belgium (X tons) and Portugal (X tons) - together made up 12% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key 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, Germany ($X), the UK ($X) and France ($X) were the countries with the highest levels of imports in 2022, with a combined 45% share of total imports. Spain, Italy, Poland, the Netherlands, Sweden, Denmark, Belgium, Russia and Portugal lagged somewhat behind, together comprising a further 46%.

Italy, with a CAGR of +5.1%, saw 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 2022, with an increase of 12% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. 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 Denmark ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform