Italy: Frozen Fish Market 2024

Frozen Fish Market Size in Italy

In 2022, the Italian frozen fish market increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Frozen fish consumption peaked in 2022 and is expected to retain growth in years to come.

Frozen Fish Production in Italy

In value terms, frozen fish production rose rapidly to $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when the production volume increased by X%. Frozen fish production peaked in 2022 and is expected to retain growth in years to come.

Frozen Fish Exports

Exports from Italy

In 2022, the amount of frozen fish exported from Italy totaled X tons, remaining relatively unchanged against the year before. In general, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen fish exports dropped modestly to $X in 2022. Overall, exports, however, continue to indicate a slight reduction. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for frozen fish exports from Italy, accounting for a X% share of total exports. Moreover, frozen fish exports to Spain exceeded the volume sent to the second major destination, France (X tons), fivefold. The third position in this ranking was taken by Malta (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Malta (X% per year).

In value terms, the largest markets for frozen fish exported from Italy were Spain ($X), France ($X) and Austria ($X), together comprising X% of total exports. Croatia, Slovenia, Malta, Romania, Germany, Switzerland, Greece, Portugal, Georgia and Albania lagged somewhat behind, together comprising a further X%.

Portugal, with a CAGR of X%, recorded 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

The average frozen fish export price stood at $X per ton in 2022, falling by X% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Spain ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports

Imports into Italy

In 2022, the amount of frozen fish imported into Italy fell slightly to X tons, which is down by X% against the year before. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish imports reached $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of frozen fish to Italy, accounting for a X% share of total imports. Moreover, frozen fish imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. The third position in this ranking was held by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and China (X% per year).

In value terms, Spain ($X), the Netherlands ($X) and China ($X) constituted the largest frozen fish suppliers to Italy, with a combined X% share of total imports. Turkey, Denmark, South Africa, the United States, France, South Korea, Vietnam, the Philippines, Seychelles and Papua New Guinea lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Papua New Guinea, with a CAGR of X%, 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 frozen fish import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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