France: Market for Jellyfish, Dried, Salted Or In Brine, Smoked 2024

Market Size for Jellyfish, Dried, Salted Or In Brine, Smoked in France

In 2022, the French market for jellyfish, dried, salted or in brine, smoked decreased by -26.9% to $X for the first time since 2018, thus ending a three-year rising trend. Overall, consumption recorded a deep contraction. Consumption of peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Jellyfish, Dried, Salted Or In Brine, Smoked

Exports from France

For the third consecutive year, France recorded growth in overseas shipments of jellyfish, dried, salted or in brine, smoked, which increased by 136% to X kg in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of jellyfish, dried, salted or in brine, smoked skyrocketed to $X in 2022. Over the period under review, exports continue to indicate resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X kg) was the main destination for exports of jellyfish, dried, salted or in brine, smoked from France, with a 75% share of total exports. Moreover, exports of jellyfish, dried, salted or in brine, smoked to the UK exceeded the volume sent to the second major destination, the United States (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK totaled +72.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+2.0% per year) and Israel (-57.7% per year).

In value terms, the largest markets for jellyfish, dried, salted or in brine, smoked exported from France were the UK ($X), the United States ($X) and Israel ($X).

Among the main countries of destination, the UK, with a CAGR of +151.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average export price for jellyfish, dried, salted or in brine, smoked amounted to $X per ton, with an increase of 7.7% against the previous year. In general, the export price posted a resilient expansion. The pace of growth appeared the most rapid in 2016 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+45.6%), while the prices for the other major destinations experienced a decline.

Imports of Jellyfish, Dried, Salted Or In Brine, Smoked

Imports into France

Imports of jellyfish, dried, salted or in brine, smoked into France shrank to X tons in 2022, with a decrease of -10.6% against the year before. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 103% against the previous year. Over the period under review, imports of hit record highs at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of jellyfish, dried, salted or in brine, smoked contracted dramatically to $X in 2022. Over the period under review, imports faced a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 75%. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of jellyfish, dried, salted or in brine, smoked to France, with a 89% share of total imports. Moreover, imports of jellyfish, dried, salted or in brine, smoked from China exceeded the figures recorded by the second-largest supplier, Spain (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+86.7% per year) and Belgium (-37.5% per year).

In value terms, China ($X) constituted the largest supplier of jellyfish, dried, salted or in brine, smoked to France, comprising 87% of total imports. The second position in the ranking was held by Spain ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+69.2% per year) and Belgium (-37.5% per year).

Import Prices by Country

In 2022, the average import price for jellyfish, dried, salted or in brine, smoked amounted to $X per ton, reducing by -12.1% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 55% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :