Greece: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Greece

The Greek market for fish fillets and other fish meat surged to $X in 2022, growing by 45% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +50.8% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Fish Fillets and Other Fish Meat in Greece

In value terms, production of fish fillets and other fish meat dropped markedly to $X in 2022 estimated in export price. In general, production continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 42% against the previous year. Over the period under review, production of reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fillets and Other Fish Meat

Exports from Greece

In 2022, approx. X tons of fish fillets and other fish meat were exported from Greece; waning by -15% on 2021. Over the period under review, exports showed a pronounced reduction. The pace of growth was the most pronounced in 2017 with an increase of 66%. Over the period under review, the exports of hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, exports of fish fillets and other fish meat fell to $X in 2022. In general, exports showed a abrupt descent. The pace of growth appeared the most rapid in 2017 when exports increased by 63%. Over the period under review, the exports of hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X tons), France (X tons) and Cyprus (X tons) were the main destinations of exports of fish fillets and other fish meat from Greece, with a combined 45% share of total exports. The Netherlands, Switzerland, Denmark, Germany, Spain, Poland, the UK and Bulgaria lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +40.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fish fillets and other fish meat exported from Greece were France ($X), Italy ($X) and Switzerland ($X), together accounting for 49% of total exports.

Among the main countries of destination, Switzerland, with a CAGR of +36.0%, saw the highest growth rate of 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

In 2022, the average export price for fish fillets and other fish meat amounted to $X per ton, rising by 7.2% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 14% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Bulgaria ($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 Cyprus (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into Greece

In 2022, imports of fish fillets and other fish meat into Greece soared to X tons, picking up by 21% against the year before. The total import volume increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fish fillets and other fish meat surged to $X in 2022. Overall, total imports indicated a buoyant increase 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, imports increased by +78.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X tons), China (X tons) and Vietnam (X tons) were the main suppliers of imports of fish fillets and other fish meat to Greece, together comprising 62% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of +127.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constituted the largest supplier of fish fillets and other fish meat to Greece, comprising 41% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Vietnam, with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey stood at +141.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+5.1% per year) and Vietnam (-4.2% per year).

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, surging by 13% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for fish fillets and other fish meat increased by +83.9% against 2016 indices. The growth pace was the most rapid in 2021 an increase of 19%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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