Ireland: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Ireland

In 2022, the Irish frozen fish and seafood market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a pronounced reduction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Frozen Fish And Seafood in Ireland

In value terms, frozen fish and seafood production dropped to $X in 2022 estimated in export price. Overall, production recorded a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Frozen Fish And Seafood

Exports from Ireland

In 2022, shipments abroad of frozen fish and seafood 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 continue to indicate a slight decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, frozen fish and seafood exports dropped to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Nigeria (X tons) was the main destination for frozen fish and seafood exports from Ireland, accounting for a X% share of total exports. Moreover, frozen fish and seafood 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 amounted to 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, Italy ($X), Nigeria ($X) and Egypt ($X) constituted the largest markets for frozen fish and seafood exported from Ireland worldwide, together accounting for 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%.

Congo, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 fish and seafood export price amounted to $X per ton, with an increase of 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 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas 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 Denmark (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports into Ireland

In 2022, after two years of decline, there was growth in overseas purchases of frozen fish and seafood, when their volume increased by X% to X tons. Overall, total imports indicated a resilient expansion 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. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, frozen fish and seafood imports reached $X in 2022. In general, total imports indicated buoyant growth 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 increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X tons), the UK (X tons) and the Netherlands (X tons) were the main suppliers of frozen fish and seafood imports to Ireland, together accounting for X% of total imports. Spain, Norway, India, Vietnam, Russia, Denmark, South Africa, Germany, France and Iceland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Norway, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average frozen fish and seafood import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Iceland ($X per ton), while the price for Spain ($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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