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

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

The Irish seafood meals and pellets market soared to $X in 2021, picking up by 103% against the previous year. Overall, the total consumption indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Ireland

In value terms, seafood meals and pellets production dropped to $X in 2021 estimated in export price. Over the period under review, the total production indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +69.7% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 36% against the previous year. Seafood meals and pellets production peaked at $X in 2020, and then declined in the following year.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from Ireland

In 2021, approx. X tons of flours, meals and pellets of fish or of crustaceans and molluscs were exported from Ireland; which is down by -24.6% against the previous year. Overall, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 35%. Over the period under review, the exports reached the peak figure at X tons in 2020, and then fell markedly in the following year.

In value terms, seafood meals and pellets exports dropped remarkably to $X in 2021. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 56%. The exports peaked at $X in 2020, and then shrank significantly in the following year.

Exports by Country

The UK (X tons) was the main destination for seafood meals and pellets exports from Ireland, with a 83% share of total exports. Moreover, seafood meals and pellets exports to the UK exceeded the volume sent to the second major destination, Denmark (X tons), tenfold. The third position in this ranking was held by France (X tons), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK totaled +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+365.0% per year) and France (+8.7% per year).

In value terms, the UK ($X) remains the key foreign market for flours, meals and pellets of fish or of crustaceans and molluscs exports from Ireland, comprising 85% of total exports. The second position in the ranking was held by France ($X), with a 5.9% share of total exports. It was followed by Denmark, with a 4.2% share.

From 2012 to 2021, the average annual growth rate of value to the UK stood at +5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+12.2% per year) and Denmark (+102.2% per year).

Export Prices by Country

In 2021, the average seafood meals and pellets export price amounted to $X per ton, remaining stable against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2018 an increase of 16%. Over the period under review, the average export prices attained the maximum at $X per ton in 2019; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was Austria ($X per ton), while the average price for exports to Denmark ($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 Austria (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into Ireland

In 2021, the amount of flours, meals and pellets of fish or of crustaceans and molluscs imported into Ireland surged to X tons, with an increase of 60% against the year before. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2017 when imports increased by 370%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, seafood meals and pellets imports dropped sharply to $X in 2021. Over the period under review, imports posted measured growth. The growth pace was the most rapid in 2014 with an increase of 86%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the UK (X tons) was the main seafood meals and pellets supplier to Ireland, with a 91% share of total imports. Moreover, seafood meals and pellets imports from the UK exceeded the figures recorded by the second-largest supplier, France (X tons), more than tenfold. Spain (X tons) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK amounted to +20.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+184.9% per year) and Spain (-2.5% per year).

In value terms, the UK ($X) constituted the largest supplier of flours, meals and pellets of fish or of crustaceans and molluscs to Ireland, comprising 66% of total imports. The second position in the ranking was held by France ($X), with a 12% share of total imports. It was followed by Spain, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: France (+77.9% per year) and Spain (-0.7% per year).

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2021, which is down by -48.4% against the previous year. Overall, the import price saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 an increase of 91% against the previous year. 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, the country with the highest price was Spain ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :