Italy: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in Italy

In 2021, the Italian preserved fish fillet market increased by 18% to $X, rising for the second year in a row after two years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Fish Fillet Production in Italy

In value terms, preserved fish fillet production surged to $X in 2021 estimated in export price. In general, production recorded a perceptible increase. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Preserved Fish Fillet Exports

Exports from Italy

In 2021, overseas shipments of fish fillets (dried, salted or in brine, but not smoked) decreased by -31% to X tons, falling for the second year in a row after three years of growth. Overall, exports showed a perceptible decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 80% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, preserved fish fillet exports contracted sharply to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 88% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Greece (X tons) was the main destination for preserved fish fillet exports from Italy, with a 49% share of total exports. Moreover, preserved fish fillet exports to Greece exceeded the volume sent to the second major destination, Malta (X tons), twofold. Hungary (X tons) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Greece amounted to -10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+61.8% per year) and Hungary (+170.5% per year).

In value terms, Greece ($X) emerged as the key foreign market for fish fillets (dried, salted or in brine, but not smoked) exports from Italy, comprising 44% of total exports. The second position in the ranking was taken by Malta ($X), with a 20% share of total exports. It was followed by Hungary, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Greece amounted to -7.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (+54.6% per year) and Hungary (+170.4% per year).

Export Prices by Country

The average preserved fish fillet export price stood at $X per ton in 2021, surging by 22% against the previous year. Over the last nine years, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2013 when the average export price increased by 45%. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Malta ($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 Germany (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Fish Fillet Imports

Imports into Italy

In 2021, approx. X tons of fish fillets (dried, salted or in brine, but not smoked) were imported into Italy; rising by 8.4% on the previous year's figure. The total import volume increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when imports increased by 17% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, preserved fish fillet imports surged to $X in 2021. The total import value increased at an average annual rate of +5.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 22%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

Denmark (X tons), Sweden (X tons) and Germany (X tons) were the main suppliers of preserved fish fillet imports to Italy, with a combined 64% share of total imports. Albania, Peru, Spain and the Netherlands lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2021, the biggest increases were recorded for Albania (with a CAGR of +50.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of fish fillets (dried, salted or in brine, but not smoked) to Italy, comprising 30% of total imports. The second position in the ranking was taken by Albania ($X), with a 15% share of total imports. It was followed by Sweden, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Denmark was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Albania (+68.9% per year) and Sweden (+5.6% per year).

Import Prices by Country

In 2021, the average preserved fish fillet import price amounted to $X per ton, rising by 7.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The growth pace was the most rapid in 2016 an increase of 10% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Albania (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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