Germany: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in Germany

In 2021, the German fish meals and pellet market increased by 0.7% to $X, rising for the third consecutive year after two years of decline. In general, consumption saw a remarkable increase. Fish meals and pellet consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish in Germany

In value terms, fish meals and pellet production fell to $X in 2021 estimated in export price. Overall, production continues to indicate a mild descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by 3.3%. Fish meals and pellet production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports from Germany

In 2021, overseas shipments of flours, meals and pellets of fish decreased by -63.4% to X tons, falling for the second consecutive year after three years of growth. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 168% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, fish meals and pellet exports declined dramatically to $X in 2021. Over the period under review, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 321%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), France (X tons) and Denmark (X tons) were the main destinations of fish meals and pellet exports from Germany, together accounting for 93% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +167.7%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), Denmark ($X) and France ($X) constituted the largest markets for fish meals and pellet exported from Germany worldwide, together comprising 91% of total exports.

Among the main countries of destination, the United States, with a CAGR of +128.9%, 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 a decline.

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2021, picking up by 71% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Denmark ($X per ton), while the average price for exports to Greece ($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 Spain (+13.5%), while the prices for the other major destinations experienced a decline.

Imports of Flours, Meals And Pellets Of Fish

Imports into Germany

In 2021, supplies from abroad of flours, meals and pellets of fish decreased by -16.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 743% against the previous year. Imports peaked at X tons in 2020, and then dropped significantly in the following year.

In value terms, fish meals and pellet imports fell dramatically to $X in 2021. Overall, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 828%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Denmark (X tons) constituted the largest supplier of fish meals and pellet to Germany, accounting for a 67% share of total imports. Moreover, fish meals and pellet imports from Denmark exceeded the figures recorded by the second-largest supplier, Norway (X tons), sixfold. Iceland (X tons) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Denmark totaled +51.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (+8.6% per year) and Iceland (-1.6% per year).

In value terms, Denmark ($X) constituted the largest supplier of flours, meals and pellets of fish to Germany, comprising 52% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports. It was followed by Iceland, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark amounted to +37.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+27.4% per year) and Iceland (-5.2% per year).

Import Prices by Country

The average fish meals and pellet import price stood at $X per ton in 2021, shrinking by -20.1% against the previous year. In general, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 228% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, 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 the United States ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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