France: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in France

In 2021, the French preserved anchovies market was finally on the rise to reach $X after two years of decline. In general, consumption, however, enjoyed a resilient expansion. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Preserved Anchovies Production in France

In value terms, preserved anchovies production declined significantly to $X in 2021 estimated in export price. In general, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2014 when the production volume increased by 33%. Over the period under review, production attained the peak level at $X in 2020, and then contracted remarkably in the following year.

Preserved Anchovies Exports

Exports from France

For the third consecutive year, France recorded growth in overseas shipments of anchovies (prepared or preserved), which increased by 3.7% to X tons in 2021. Overall, exports, however, showed a abrupt decline. The growth pace was the most rapid in 2019 with an increase of 45%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved anchovies exports dropped modestly to $X in 2021. Over the period under review, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by 20% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X tons) was the main destination for preserved anchovies exports from France, accounting for a 44% share of total exports. Moreover, preserved anchovies exports to the UK exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled -1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-4.5% per year) and Belgium (-7.0% per year).

In value terms, the largest markets for preserved anchovies exported from France were the UK ($X), Belgium ($X) and Italy ($X), with a combined 78% share of total exports. Austria, the Netherlands, Switzerland, Germany and Spain lagged somewhat behind, together accounting for a further 14%.

Among the main countries of destination, the Netherlands, with a CAGR of +11.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average preserved anchovies export price stood at $X per ton in 2021, falling by -4.6% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 15%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Anchovies Imports

Imports into France

In 2021, approx. X tons of anchovies (prepared or preserved) were imported into France; remaining constant against 2020. The total import volume increased at an average annual rate of +4.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 43%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved anchovies imports stood at $X in 2021. Over the period under review, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when imports increased by 38%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Morocco (X tons) constituted the largest preserved anchovies supplier to France, accounting for a 70% share of total imports. Moreover, preserved anchovies imports from Morocco exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sixfold. Spain (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Morocco totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+1.6% per year) and Spain (+9.1% per year).

In value terms, Morocco ($X) constituted the largest supplier of anchovies (prepared or preserved) to France, comprising 70% of total imports. The second position in the ranking was held by Spain ($X), with a 13% share of total imports. It was followed by Turkey, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from Morocco stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+7.2% per year) and Turkey (+4.4% per year).

Import Prices by Country

In 2021, the average preserved anchovies import price amounted to $X per ton, picking up by 4.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2018 an increase of 20%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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