Ireland: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in Ireland

In 2021, the Irish battered fish fillet market decreased by -3.3% to $X, falling for the second consecutive year after four years of growth. Over the period under review, consumption, however, showed buoyant growth. Battered fish fillet consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Battered Fish Fillet Production in Ireland

In value terms, battered fish fillet production stood at $X in 2021 estimated in export price. In general, production continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of 290% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Battered Fish Fillet Exports

Exports from Ireland

In 2021, shipments abroad of fish fillets in batter or breadcrumbs increased by 352% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a abrupt slump. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports surged to $X in 2021. Overall, exports, however, recorded a perceptible contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons) was the main destination for battered fish fillet exports from Ireland, with a 70% share of total exports. Moreover, battered fish fillet exports to the UK exceeded the volume sent to the second major destination, France (X tons), sevenfold. The Netherlands (X tons) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-7.4% per year) and the Netherlands (-12.2% per year).

In value terms, the UK ($X) remains the key foreign market for fish fillets in batter or breadcrumbs exports from Ireland, comprising 71% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 10% share of total exports. It was followed by France, with an 8.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK amounted to -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-4.9% per year) and France (-4.8% per year).

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, which is down by -44.3% against the previous year. Overall, the export price, however, recorded a perceptible expansion. The most prominent rate of growth was recorded in 2020 an increase of 72% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malta ($X per ton), while the average price for exports to Spain ($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 the Netherlands (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into Ireland

Battered fish fillet imports into Ireland dropped modestly to X tons in 2021, declining by -1.6% against 2020 figures. In general, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.3% against 2018 indices. The pace of growth was the most pronounced in 2014 when imports increased by 29% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, battered fish fillet imports shrank to $X in 2021. The total import value increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 17%. Imports peaked at $X in 2020, and then fell in the following year.

Imports by Country

The UK (X tons), Germany (X tons) and Denmark (X tons) were the main suppliers of battered fish fillet imports to Ireland, together comprising 87% of total imports. Poland, the Netherlands and China lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +165.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Germany ($X) and Denmark ($X) constituted the largest battered fish fillet suppliers to Ireland, with a combined 86% share of total imports. These countries were followed by Poland, the Netherlands and China, which together accounted for a further 11%.

China, with a CAGR of +148.8%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average battered fish fillet import price amounted to $X per ton, remaining stable against the previous year. Over the period under review, the import price continues to indicate a slight downturn. The pace of growth appeared the most rapid in 2019 when the average import price increased by 19%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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