Switzerland: Inedible Fish Products Market 2024

Inedible Fish Products Market Size in Switzerland

The Swiss inedible fish products market dropped to $X in 2022, shrinking by -6.4% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Inedible Fish Products Production in Switzerland

In value terms, inedible fish products production contracted to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 122%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Inedible Fish Products Exports

Exports from Switzerland

In 2022, shipments abroad of inedible fish products increased by 30% to X tons, rising for the fifth year in a row after four years of decline. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 109%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, inedible fish products exports soared to $X in 2022. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 112%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for inedible fish products exports from Switzerland, with a 59% share of total exports. Moreover, inedible fish products exports to Germany exceeded the volume sent to the second major destination, Austria (X tons), twofold.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+21.0% per year) and Hungary (-4.8% per year).

In value terms, Germany ($X) remains the key foreign market for inedible fish products exports from Switzerland, comprising 63% of total exports. The second position in the ranking was taken by Hungary ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +33.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (-0.8% per year) and Austria (+3.9% per year).

Export Prices by Country

The average inedible fish products export price stood at $X per ton in 2022, growing by 18% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by 37% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to Austria ($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 (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Inedible Fish Products Imports

Imports into Switzerland

In 2022, the amount of inedible fish products imported into Switzerland contracted to X tons, waning by -14.8% against the year before. In general, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year. As a result, imports attained the peak of X tons, and then declined in the following year.

In value terms, inedible fish products imports declined modestly to $X in 2022. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34%. As a result, imports reached the peak of $X, and then reduced modestly in the following year.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of inedible fish products to Switzerland, with a 78% share of total imports. Moreover, inedible fish products imports from Denmark exceeded the figures recorded by the second-largest supplier, Germany (X tons), ninefold. The third position in this ranking was taken by Spain (X tons), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark stood at +9.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.2% per year) and Spain (+6.9% per year).

In value terms, the largest inedible fish products suppliers to Switzerland were Denmark ($X), Germany ($X) and Spain ($X), with a combined 80% share of total imports.

Denmark, with a CAGR of +11.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average inedible fish products import price amounted to $X per ton, surging by 14% against the previous year. Overall, the import price, however, recorded a mild downturn. The growth pace was the most rapid in 2017 an increase of 23%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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