France: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in France

In 2021, the French seafood meals and pellets market increased by 12% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a abrupt decrease. Seafood meals and pellets consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in France

In value terms, seafood meals and pellets production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 5.3% against the previous year. Seafood meals and pellets production peaked in 2021 and is likely to see gradual growth in the near future.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from France

Seafood meals and pellets exports from France stood at X tons in 2021, picking up by 3.2% compared with 2020. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2014 with an increase of 22%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, seafood meals and pellets exports expanded 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 most prominent rate of growth was recorded in 2014 with an increase of 17%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Germany (X tons) was the main destination for seafood meals and pellets exports from France, accounting for a 28% share of total exports. Moreover, seafood meals and pellets exports to Germany exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Italy (X tons), with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+9.9% per year) and Italy (+26.9% per year).

In value terms, the largest markets for seafood meals and pellets exported from France were Germany ($X), the United States ($X) and Italy ($X), together accounting for 43% of total exports. Belgium, the Netherlands, Serbia, Thailand, Canada, Spain, Japan, Greece, the UK and Poland lagged somewhat behind, together comprising a further 48%.

Serbia, with a CAGR of +73.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average seafood meals and pellets export price amounted to $X per ton, stabilizing at the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 17%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Thailand ($X per ton), while the average price for exports to Greece ($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 Belgium (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into France

In 2021, overseas purchases of flours, meals and pellets of fish or of crustaceans and molluscs increased by 4.8% to X tons for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, showed a pronounced decline. The pace of growth was the most pronounced in 2014 when imports increased by 7.9% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, seafood meals and pellets imports rose significantly to $X in 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of seafood meals and pellets to France, with a 41% share of total imports. Moreover, seafood meals and pellets imports from Spain exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+12.3% per year) and Germany (+12.2% per year).

In value terms, the largest seafood meals and pellets suppliers to France were Spain ($X), Denmark ($X) and Germany ($X), with a combined 75% share of total imports.

In terms of the main suppliers, Denmark, with a CAGR of +13.8%, 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

The average seafood meals and pellets import price stood at $X per ton in 2021, rising by 9.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2013 an increase of 20%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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