Italy: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Italy

In 2021, the Italian fresh fish fillet market was finally on the rise to reach $X after two years of decline. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Fresh Fish Fillet Production in Italy

In value terms, fresh fish fillet production declined modestly to $X in 2021 estimated in export price. In general, the total production indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +95.7% against 2015 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 31%. Fresh fish fillet production peaked at $X in 2020, and then shrank modestly in the following year.

Fresh Fish Fillet Exports

Exports from Italy

In 2021, the amount of fresh or chilled fish fillets exported from Italy rose markedly to X tons, increasing by 14% against the year before. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 21% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, fresh fish fillet exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 41% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Switzerland (X tons), Slovenia (X tons) and Germany (X tons) were the main destinations of fresh fish fillet exports from Italy, with a combined 42% share of total exports. These countries were followed by Austria, France, Croatia, Poland, Romania, Malta, Spain and Greece, which together accounted for a further 50%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +176.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for fresh fish fillet exported from Italy were Switzerland ($X), France ($X) and Austria ($X), with a combined 47% share of total exports. Germany, Slovenia, Croatia, Malta, Poland, Romania, Spain and Greece lagged somewhat behind, together comprising a further 46%.

Poland, with a CAGR of +161.7%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average fresh fish fillet export price amounted to $X per ton, picking up by 5.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.5%. The pace of growth appeared the most rapid in 2013 an increase of 17%. The export price peaked at $X per ton in 2018; afterwards, it flattened through to 2021.

Prices varied noticeably by country of destination: 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 Greece (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Fish Fillet Imports

Imports into Italy

In 2021, the amount of fresh or chilled fish fillets imported into Italy rose significantly to X tons, surging by 14% on the previous year's figure. The total import volume increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2015 with an increase of 16%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, fresh fish fillet imports skyrocketed to $X in 2021. In general, total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Spain (X tons) and Denmark (X tons) were the main suppliers of fresh fish fillet imports to Italy, with a combined 58% share of total imports. These countries were followed by France, Turkey, Sri Lanka, Greece, Poland, Tanzania, Sweden, Germany, the UK and Maldives, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +76.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Denmark ($X) were the largest fresh fish fillet suppliers to Italy, together comprising 56% of total imports. Sri Lanka, France, Turkey, Poland, Greece, Tanzania, Germany, Maldives, Sweden and the UK lagged somewhat behind, together accounting for a further 38%.

Among the main suppliers, Poland, with a CAGR of +94.5%, recorded 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 fresh fish fillet import price stood at $X per ton in 2021, picking up by 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2016 an increase of 17%. The import price peaked in 2021 and is likely to continue growth in the near future.

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 Maldives ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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