Ireland: Frozen Fish Market 2024

Frozen Fish Market Size in Ireland

The Irish frozen fish market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Frozen Fish Production in Ireland

In value terms, frozen fish production contracted to $X in 2022 estimated in export price. In general, production, however, showed a noticeable decrease. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Frozen fish production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Frozen Fish Exports

Exports from Ireland

In 2022, shipments abroad of frozen fish decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports recorded a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen fish exports dropped to $X in 2022. Overall, exports saw a mild setback. The pace of growth was the most pronounced in 2014 with an increase of 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 somewhat lower figure.

Exports by Country

Nigeria (X tons) was the main destination for frozen fish exports from Ireland, with a X% share of total exports. Moreover, frozen 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 growth rate 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, the largest markets for frozen fish exported from Ireland were Nigeria ($X), Egypt ($X) and Japan ($X), together accounting for X% of total exports. China, the UK, Cameroon, Germany, Poland, Romania, Ghana, Denmark, Congo and Cote d'Ivoire lagged somewhat behind, together accounting for a further X%.

Congo, with a CAGR of X%, saw the highest growth rate of 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

The average frozen fish export price stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 the UK ($X per ton), while the average price for exports to Congo ($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.

Frozen Fish Imports

Imports into Ireland

In 2022, purchases abroad of frozen fish increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, frozen fish imports stood at $X in 2022. In general, imports showed strong growth. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Norway (X tons), China (X tons) and Spain (X tons) were the main suppliers of frozen fish imports to Ireland, together accounting for X% of total imports.

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, China ($X), Norway ($X) and the Netherlands ($X) appeared to be the largest frozen fish suppliers to Ireland, with a combined X% share of total imports.

Norway, with a CAGR of X%, saw 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

In 2022, the average frozen fish import price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2021, and then fell remarkably in the following year.

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