Ireland: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in Ireland

For the third year in a row, the Irish frozen crustaceans market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Frozen crustaceans consumption peaked in 2022 and is expected to retain growth in years to come.

Frozen Crustaceans Production in Ireland

In value terms, frozen crustaceans production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced setback. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Frozen Crustaceans Exports

Exports from Ireland

In 2022, approx. X tons of frozen crustaceans were exported from Ireland; waning by X% compared with the year before. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, frozen crustaceans exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Italy (X tons), Spain (X tons) and France (X tons) were the main destinations of frozen crustaceans exports from Ireland, with a combined X% share of total exports. The UK, China, Portugal and Sweden lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for frozen crustaceans exported from Ireland were Italy ($X), Spain ($X) and France ($X), with a combined X% share of total exports. China, the UK, Portugal and Sweden lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 frozen crustaceans export price amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in years to come.

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

Frozen Crustaceans Imports

Imports into Ireland

For the third year in a row, Ireland recorded decline in overseas purchases of frozen crustaceans, which decreased by X% to X tons in 2022. In general, imports recorded strong growth. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen crustaceans imports totaled $X in 2022. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, India (X tons) constituted the largest frozen crustaceans supplier to Ireland, accounting for a X% share of total imports. Moreover, frozen crustaceans imports from India exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. Vietnam (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and Vietnam (X% per year).

In value terms, the largest frozen crustaceans suppliers to Ireland were India ($X), Vietnam ($X) and the UK ($X), together comprising X% of total imports. The Netherlands, Peru, Ecuador and France lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 2022, the average frozen crustaceans import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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