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

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

In 2021, the Irish fish meals and pellet market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a perceptible expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish in Ireland

In value terms, fish meals and pellet production totaled $X in 2021 estimated in export price. Overall, production showed a abrupt setback. The pace of growth was the most pronounced in 2013 when the production volume increased by 124% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish

Exports from Ireland

In 2021, shipments abroad of flours, meals and pellets of fish was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2013 with an increase of 176%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fish meals and pellet exports soared to $X in 2021. Over the period under review, exports, however, recorded a deep contraction. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X tons), the United States (X tons) and the UK (X kg) were the main destinations of fish meals and pellet exports from Ireland, together comprising 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +126,054.5%), while the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X) emerged as the key foreign market for flours, meals and pellets of fish exports from Ireland, comprising 90% of total exports. The second position in the ranking was held by the United States ($X), with an 8.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to South Korea amounted to +202,107.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+128.9% per year) and the UK (-27.2% per year).

Export Prices by Country

The average fish meals and pellet export price stood at $X per ton in 2021, rising by 332% against the previous year. In general, the export price enjoyed a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States ($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 South Korea (+58.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Flours, Meals And Pellets Of Fish

Imports into Ireland

In 2021, approx. X tons of flours, meals and pellets of fish were imported into Ireland; declining by -80.7% against 2020 figures. In general, imports faced a precipitous setback. The pace of growth was the most pronounced in 2020 with an increase of 233% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, fish meals and pellet imports declined rapidly to $X in 2021. Overall, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2020 with an increase of 268% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest fish meals and pellet supplier to Ireland, with a 55% share of total imports. Moreover, fish meals and pellet imports from the UK exceeded the figures recorded by the second-largest supplier, Germany (X kg), threefold. Belgium (X kg) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK stood at -20.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-24.2% per year) and Belgium (+21.7% per year).

In value terms, the UK ($X) constituted the largest supplier of flours, meals and pellets of fish to Ireland, comprising 60% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports. It was followed by Belgium, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK totaled -23.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.7% per year) and Belgium (+20.4% per year).

Import Prices by Country

In 2021, the average fish meals and pellet import price amounted to $X per ton, surging by 16% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 65%. The import price peaked at $X per ton in 2014; however, from 2015 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 Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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