Italy: Frozen Fish Meat Market 2024

Frozen Fish Meat Market Size in Italy

In 2021, the Italian frozen fish meat market increased by 51% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. 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.

Frozen Fish Meat Production in Italy

In value terms, frozen fish meat production totaled $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when the production volume increased by 23%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Frozen Fish Meat Exports

Exports from Italy

In 2021, overseas shipments of frozen fish meat increased by 6.9% to X tons, rising for the second consecutive year after two years of decline. Overall, total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +55.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 63%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, frozen fish meat exports expanded sharply to $X in 2021. In general, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +63.3% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by 47%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Slovenia (X tons), the Netherlands (X tons) and Spain (X tons) were the main destinations of frozen fish meat exports from Italy, with a combined 52% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +126.7%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Germany ($X) and the Netherlands ($X) were the largest markets for frozen fish meat exported from Italy worldwide, with a combined 53% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +115.5%, recorded the highest growth rate of the value of exports, 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 frozen fish meat export price amounted to $X per ton, growing by 6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2014 an increase of 48% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Georgia ($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 Malta (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Meat Imports

Imports into Italy

After three years of decline, supplies from abroad of frozen fish meat increased by 47% to X tons in 2021. Overall, total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen fish meat imports soared to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Namibia (X tons) and France (X tons) were the main suppliers of frozen fish meat imports to Italy, together comprising 66% of total imports. The Netherlands, Portugal, Poland, Germany, Argentina, Peru, Denmark, Greece, Chile and Belgium lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +44.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish meat suppliers to Italy were Spain ($X), Namibia ($X) and France ($X), with a combined 68% share of total imports. The Netherlands, Poland, Portugal, Germany, Denmark, Greece, Argentina, Peru, Belgium and Chile lagged somewhat behind, together comprising a further 27%.

Poland, with a CAGR of +63.6%, saw the highest growth rate of 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

In 2021, the average frozen fish meat import price amounted to $X per ton, with an increase of 7.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Chile ($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 (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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