Italy: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Italy

The Italian market for fish fillets and other fish meat expanded notably to $X in 2022, with an increase of 13% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.3% against 2019 indices. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Production of Fish Fillets and Other Fish Meat in Italy

In value terms, production of fish fillets and other fish meat reduced rapidly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 60% against the previous year. Over the period under review, production of attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Fish Fillets and Other Fish Meat

Exports from Italy

Exports of fish fillets and other fish meat from Italy reached X tons in 2022, with an increase of 4.2% against the year before. The total export volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 16% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of fish fillets and other fish meat expanded sharply to $X in 2022. The total export value increased at an average annual rate of +6.1% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 25%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Austria (X tons), France (X tons) and Switzerland (X tons) were the main destinations of exports of fish fillets and other fish meat from Italy, with a combined 34% share of total exports. Slovenia, Germany, Romania, Slovakia, Spain, Croatia, Malta, the Netherlands and Greece lagged somewhat behind, together comprising a further 56%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +84.2%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Austria ($X) and Switzerland ($X) constituted the largest markets for fish fillets and other fish meat exported from Italy worldwide, together accounting for 40% of total exports. Germany, Slovenia, Croatia, Romania, Slovakia, Malta, Spain, the Netherlands and Greece lagged somewhat behind, together comprising a further 51%.

Slovakia, with a CAGR of +89.0%, 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

In 2022, the average export price for fish fillets and other fish meat amounted to $X per ton, rising by 5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.7%. The growth pace was the most rapid in 2014 when the average export price increased by 10% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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 France ($X per ton), while the average price for exports to Spain ($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 Greece (+7.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into Italy

In 2022, approx. X tons of fish fillets and other fish meat were imported into Italy; standing approx. at the year before. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 14%. Over the period under review, imports of hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fish fillets and other fish meat stood at $X in 2022. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +31.2% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 25% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Spain (X tons), the Netherlands (X tons) and Denmark (X tons) were the main suppliers of imports of fish fillets and other fish meat to Italy, together comprising 48% of total imports. Turkey, the United States, Namibia, China, Vietnam, South Africa, France, Poland, Germany and Argentina lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +27.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fish fillets and other fish meat suppliers to Italy were the Netherlands ($X), Spain ($X) and Denmark ($X), together accounting for 53% of total imports. Turkey, France, Namibia, Poland, the United States, China, South Africa, Germany, Vietnam and Argentina lagged somewhat behind, together accounting for a further 30%.

In terms of the main suppliers, Poland, with a CAGR of +33.7%, saw 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 fish fillets and other fish meat stood at $X per ton in 2022, picking up by 5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 11%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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