Netherlands: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in the Netherlands

In 2022, the Dutch fish fat and oil market decreased by -14.8% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed a noticeable slump. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Fish Fats And Oils in the Netherlands

In value terms, fish fat and oil production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt slump. The growth pace was the most rapid in 2020 when the production volume increased by 733% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports from the Netherlands

In 2022, after two years of growth, there was significant decline in overseas shipments of fish fats and oils, when their volume decreased by -51.7% to X tons. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 69% against the previous year. The exports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, fish fat and oil exports dropped significantly to $X in 2022. Overall, exports showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 85% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Belgium (X tons), Germany (X tons) and Norway (X tons) were the main destinations of fish fat and oil exports from the Netherlands, together accounting for 52% of total exports. The UK, France, the Czech Republic, Poland, Austria, Ireland, Italy, Denmark, Russia and Switzerland lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +20.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), Germany ($X) and Norway ($X) were the largest markets for fish fat and oil exported from the Netherlands worldwide, together accounting for 43% of total exports. The UK, France, Poland, the Czech Republic, Ireland, Denmark, Austria, Switzerland, Russia and Italy lagged somewhat behind, together comprising a further 44%.

Among the main countries of destination, the Czech Republic, with a CAGR of +14.7%, recorded the highest rates of growth with regard to 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

The average fish fat and oil export price stood at $X per ton in 2022, increasing by 15% against the previous year. Overall, the export price, however, continues to indicate a mild slump. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Belgium ($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 Austria (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports into the Netherlands

In 2022, after four years of growth, there was significant decline in supplies from abroad of fish fats and oils, when their volume decreased by -50.2% to X tons. In general, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2016 with an increase of 53%. Imports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, fish fat and oil imports shrank dramatically to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 61%. Over the period under review, imports attained the maximum at $X in 2021, and then declined remarkably in the following year.

Imports by Country

Norway (X tons), France (X tons) and Peru (X tons) were the main suppliers of fish fat and oil imports to the Netherlands, with a combined 65% share of total imports. Spain, Belgium, Morocco, the UK, Denmark, Latvia and Germany lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +161.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of fish fats and oils to the Netherlands, comprising 29% of total imports. The second position in the ranking was held by Norway ($X), with a 13% share of total imports. It was followed by Peru, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value from France totaled +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-4.7% per year) and Peru (-3.6% per year).

Import Prices by Country

In 2022, the average fish fat and oil import price amounted to $X per ton, jumping by 20% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fish fat and oil import price increased by +95.9% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of 54%. 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 Spain ($X per ton), while the price for Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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