Ireland: Frozen Fish Meat Market 2024

Frozen Fish Meat Market Size in Ireland

The Irish frozen fish meat market plummeted to $X in 2021, declining by -23.8% against the previous year. In general, consumption, however, showed a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2020, and then reduced rapidly in the following year.

Frozen Fish Meat Production in Ireland

In value terms, frozen fish meat production plummeted to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2018 with an increase of 224%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Frozen Fish Meat Exports

Exports from Ireland

In 2021, overseas shipments of frozen fish meat decreased by -30% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a sharp shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 40%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen fish meat exports plummeted to $X in 2021. In general, exports saw a precipitous slump. The growth pace was the most rapid in 2019 with an increase of 87% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X tons), the UK (X tons) and France (X tons) were the main destinations of frozen fish meat exports from Ireland.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of -13.5%), while the other leaders experienced a decline.

In value terms, the largest markets for frozen fish meat exported from Ireland were the UK ($X), Poland ($X) and France ($X).

The UK, with a CAGR of -15.0%, saw 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 a decline.

Export Prices by Country

In 2021, the average frozen fish meat export price amounted to $X per ton, reducing by -32.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 34% against the previous year. The export price peaked at $X per ton in 2020, and then fell sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Poland ($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 Russia (+25.7%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Fish Meat Imports

Imports into Ireland

For the third year in a row, Ireland recorded decline in supplies from abroad of frozen fish meat, which decreased by -73.5% to X tons in 2021. Over the period under review, imports faced a abrupt contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 60% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, frozen fish meat imports reduced sharply to $X in 2021. In general, imports saw a deep reduction. The pace of growth was the most pronounced in 2014 when imports increased by 52%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the UK (X tons) constituted the largest frozen fish meat supplier to Ireland, with a 72% share of total imports. Moreover, frozen fish meat imports from the UK exceeded the figures recorded by the second-largest supplier, Poland (X tons), ninefold. The third position in this ranking was held by Germany (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from the UK stood at -20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.4% per year) and Germany (+15.7% per year).

In value terms, the UK ($X) constituted the largest supplier of frozen fish meat to Ireland, comprising 63% of total imports. The second position in the ranking was held by Poland ($X), with an 11% share of total imports. It was followed by Vietnam, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the UK stood at -17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+16.3% per year) and Vietnam (0.0% per year).

Import Prices by Country

In 2021, the average frozen fish meat import price amounted to $X per ton, increasing by 20% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen fish meat import price increased by +124.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 42%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Faroe Islands (+16.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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