Italy: Market for Dried Or Salted Fish 2025

Market Size for Dried Or Salted Fish in Italy

In 2021, the Italian dried or salted fish market increased by 16% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a noticeable reduction. Dried or salted fish consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Dried Or Salted Fish in Italy

In value terms, dried or salted fish production surged to $X in 2021 estimated in export price. In general, production continues to indicate resilient growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Dried Or Salted Fish

Exports from Italy

In 2021, overseas shipments of dried or salted fish increased by 20% to X tons, rising for the third consecutive year after three years of decline. Overall, total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +141.2% against 2018 indices. The pace of growth was the most pronounced in 2019 with an increase of 48%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, dried or salted fish exports surged to $X in 2021. In general, exports saw strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by 42% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Albania (X tons) was the main destination for dried or salted fish exports from Italy, accounting for a 45% share of total exports. Moreover, dried or salted fish exports to Albania exceeded the volume sent to the second major destination, Slovakia (X tons), threefold. The third position in this ranking was taken by Tunisia (X tons), with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Albania amounted to +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+211.2% per year) and Tunisia (-9.1% per year).

In value terms, Albania ($X), Slovakia ($X) and Croatia ($X) appeared to be the largest markets for dried or salted fish exported from Italy worldwide, with a combined 63% share of total exports.

Slovakia, with a CAGR of +182.7%, saw the highest growth rate of 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

The average dried or salted fish export price stood at $X per ton in 2021, approximately equating the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dried or salted fish export price decreased by -11.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Portugal ($X per ton), while the average price for exports to Tunisia ($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 the United States (+3.6%), while the prices for the other major destinations experienced a decline.

Imports of Dried Or Salted Fish

Imports into Italy

In 2021, purchases abroad of dried or salted fish increased by 18% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, dried or salted fish imports soared to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X tons), Denmark (X tons) and Morocco (X tons) were the main suppliers of dried or salted fish imports to Italy, together comprising 54% of total imports.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +15.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and Spain ($X) appeared to be the largest dried or salted fish suppliers to Italy, with a combined 68% share of total imports. Sweden, the Netherlands, Morocco, Croatia and China lagged somewhat behind, together accounting for a further 27%.

Morocco, with a CAGR of +12.6%, saw the highest rates of growth with regard to the value of imports, among 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 dried or salted fish import price stood at $X per ton in 2021, approximately reflecting the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The pace of growth was the most pronounced in 2018 an increase of 15% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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