Switzerland: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in Switzerland

In 2021, the Swiss preserved fish fillet market decreased by -4% to $X for the first time since 2017, thus ending a three-year rising trend. Over the period under review, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then contracted in the following year.

Preserved Fish Fillet Production in Switzerland

In value terms, preserved fish fillet production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 14% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Preserved Fish Fillet Exports

Exports from Switzerland

In 2021, exports of fish fillets (dried, salted or in brine, but not smoked) from Switzerland contracted modestly to X tons, approximately equating 2020 figures. In general, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2017 when exports increased by 64% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved fish fillet exports stood at $X in 2021. Overall, exports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2017 when exports increased by 76% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for preserved fish fillet exports from Switzerland, accounting for a approx. 97% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled -37.7%.

In value terms, Spain ($X) also remains the key foreign market for fish fillets (dried, salted or in brine, but not smoked) exports from Switzerland.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain amounted to -36.8%.

Export Prices by Country

The average preserved fish fillet export price stood at $X per ton in 2021, with an increase of 1.5% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved fish fillet export price decreased by -5.9% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 17%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Spain.

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to +1.4% per year.

Preserved Fish Fillet Imports

Imports into Switzerland

After three years of growth, purchases abroad of fish fillets (dried, salted or in brine, but not smoked) decreased by -51.6% to X tons in 2021. Overall, imports saw a mild slump. The most prominent rate of growth was recorded in 2019 with an increase of 110%. Imports peaked at X tons in 2020, and then shrank rapidly in the following year.

In value terms, preserved fish fillet imports fell notably to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 147% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020, and then shrank notably in the following year.

Imports by Country

Malaysia (X tons), Norway (X tons) and Italy (X tons) were the main suppliers of preserved fish fillet imports to Switzerland, together accounting for 28% of total imports. Denmark, Germany, the Netherlands, Portugal, Faroe Islands and Namibia lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Faroe Islands (with a CAGR of +8.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of fish fillets (dried, salted or in brine, but not smoked) to Switzerland, comprising 17% of total imports. The second position in the ranking was held by Norway ($X), with a 7.3% share of total imports. It was followed by Denmark, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (-13.8% per year) and Denmark (+3.0% per year).

Import Prices by Country

In 2021, the average preserved fish fillet import price amounted to $X per ton, rising by 3.7% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2017 an increase of 29%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while the price for Faroe Islands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Namibia (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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