Germany: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Germany

In 2022, the German fish fat and oil market increased by 339% to $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, recorded a slight curtailment. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Fish Fats And Oils in Germany

In value terms, fish fat and oil production expanded to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Fish Fats And Oils

Exports from Germany

After three years of growth, overseas shipments of fish fats and oils decreased by -30.6% to X tons in 2022. Overall, total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 33%. As a result, the exports attained the peak of X tons, and then fell dramatically in the following year.

In value terms, fish fat and oil exports reached $X in 2022. Over the period under review, total exports indicated strong growth 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 +17.9% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Greece (X tons) was the main destination for fish fat and oil exports from Germany, with a 33% share of total exports. Moreover, fish fat and oil exports to Greece exceeded the volume sent to the second major destination, France (X tons), threefold. The third position in this ranking was taken by Denmark (X tons), with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Greece totaled +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.0% per year) and Denmark (-11.0% per year).

In value terms, Austria ($X), Greece ($X) and the Netherlands ($X) appeared to be the largest markets for fish fat and oil exported from Germany worldwide, with a combined 52% share of total exports. France, Denmark, Spain, the Czech Republic, Italy, Poland and Switzerland lagged somewhat behind, together comprising a further 30%.

Among the main countries of destination, the Czech Republic, with a CAGR of +33.6%, saw 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

The average fish fat and oil export price stood at $X per ton in 2022, picking up by 46% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fish fat and oil export price increased by +61.4% against 2020 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 55% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain 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 Austria ($X per ton), while the average price for exports to Italy ($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 Netherlands (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports into Germany

In 2022, overseas purchases of fish fats and oils increased by 2.2% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, imports, however, recorded a perceptible decline. The pace of growth appeared the most rapid in 2021 with an increase of 50% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, fish fat and oil imports fell slightly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 42%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Norway (X tons) constituted the largest supplier of fish fat and oil to Germany, with a 27% share of total imports. Moreover, fish fat and oil imports from Norway exceeded the figures recorded by the second-largest supplier, Denmark (X tons), twofold. The third position in this ranking was held by the Netherlands (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway stood at +12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-6.2% per year) and the Netherlands (+1.5% per year).

In value terms, Norway ($X), Peru ($X) and Spain ($X) were the largest fish fat and oil suppliers to Germany, together accounting for 34% of total imports. Denmark, the Netherlands, Iceland, China, France, Seychelles, the UK, Lithuania, Poland and Latvia lagged somewhat behind, together comprising a further 53%.

In terms of the main suppliers, Latvia, with a CAGR of +65.2%, recorded the highest growth rate of 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 average fish fat and oil import price amounted to $X per ton, reducing by -4.1% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fish fat and oil import price decreased by -9.1% against 2020 indices. The growth pace was the most rapid in 2017 an increase of 27%. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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