Europe: Frozen Fish Market 2024

Frozen Fish Market Size in Europe

The Europe frozen fish market totaled $X in 2022, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Frozen Fish Production in Europe

In value terms, frozen fish production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. The level of production peaked in 2022 and is likely to continue growth in years to come.

Frozen Fish Exports

Exports in Europe

In 2022, overseas shipments of frozen fish increased by X% to X tons, rising for the third year in a row after two years of decline. In general, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, frozen fish exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, Russia (X tons), distantly followed by Norway (X tons), the Netherlands (X tons), Spain (X tons) and Faroe Islands (X tons) were the largest exporters of frozen fish, together comprising X% of total exports. The following exporters - Iceland (X tons), Germany (X tons), Denmark (X tons), the UK (X tons), Ireland (X tons), Poland (X tons) and Portugal (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Denmark (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), the Netherlands ($X) and Russia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Spain, Denmark, Iceland, Poland, Germany, Faroe Islands, Portugal, the UK and Ireland lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Poland, with a CAGR of X%, recorded 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 2022, the export price in Europe amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual 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 Iceland (X%), while the other leaders experienced more modest paces of growth.

Frozen Fish Imports

Imports in Europe

In 2022, imports of frozen fish in Europe fell slightly to X tons, waning by X% compared with 2021. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, frozen fish imports rose notably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of frozen fish imports in 2022 were the Netherlands (X tons), Spain (X tons), Russia (X tons), Germany (X tons), Poland (X tons), France (X tons), Ukraine (X tons), the UK (X tons), Italy (X tons), Portugal (X tons), Denmark (X tons) and Sweden (X tons), together reaching X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Spain ($X) and the Netherlands ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. France, the UK, Poland, Russia, Italy, Denmark, Sweden, Portugal and Ukraine lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Denmark, with a CAGR of X%, recorded 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 2022, the import price in Europe amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached 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 the UK ($X per ton), while Ukraine ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform