Ireland: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Ireland

The Irish market for frozen, dried and smoked fish dropped to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, continues to indicate a perceptible reduction. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Frozen, Dried And Smoked Fish in Ireland

In value terms, frozen, dried and smoked fish production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Ireland

In 2022, overseas shipments of frozen, dried and smoked fish decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports recorded a mild curtailment. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish exports dropped to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria (X tons) was the main destination for frozen, dried and smoked fish exports from Ireland, accounting for a X% share of total exports. Moreover, frozen, dried and smoked fish exports to Nigeria exceeded the volume sent to the second major destination, Egypt (X tons), twofold. Cameroon (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Nigeria stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (X% per year) and Cameroon (X% per year).

In value terms, the largest markets for frozen, dried and smoked fish exported from Ireland were Italy ($X), Nigeria ($X) and Egypt ($X), together comprising X% of total exports. Japan, China, the UK, Germany, Cameroon, Romania, Poland, Denmark, Congo and Cote d'Ivoire lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Congo, with a CAGR of X%, saw the highest rates of growth with regard to 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 frozen, dried and smoked fish amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Congo ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen, Dried And Smoked Fish

Imports into Ireland

In 2022, overseas purchases of frozen, dried and smoked fish were finally on the rise to reach X tons after two years of decline. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, frozen, dried and smoked fish imports shrank slightly to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Norway (X tons), China (X tons) and the UK (X tons) were the main suppliers of frozen, dried and smoked fish imports to Ireland, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the UK ($X) and the Netherlands ($X) were the largest frozen, dried and smoked fish suppliers to Ireland, together accounting for X% of total imports. Germany, India, Norway, Vietnam, Russia, Spain, Denmark, France, South Africa and Myanmar lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average import price for frozen, dried and smoked fish stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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