United Kingdom: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in the UK

In 2021, the UK battered fish fillet market decreased by -6% to $X for the first time since 2016, thus ending a four-year rising trend. Over the period under review, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 6.6%. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Battered Fish Fillet Production in the UK

In value terms, battered fish fillet production dropped modestly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 11%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Battered Fish Fillet Exports

Exports from the UK

In 2021, after four years of growth, there was significant decline in overseas shipments of fish fillets in batter or breadcrumbs, when their volume decreased by -19% to X tons. Overall, exports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 48%. Over the period under review, the exports reached the maximum at X tons in 2020, and then dropped remarkably in the following year.

In value terms, battered fish fillet exports declined to $X in 2021. In general, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 32%. The exports peaked at $X in 2020, and then reduced in the following year.

Exports by Country

France (X tons), Italy (X tons) and Ireland (X tons) were the main destinations of battered fish fillet exports from the UK, with a combined 57% share of total exports. Sweden, Norway, the United States, Germany, Canada, the Netherlands and Spain lagged somewhat behind, together comprising a further 34%.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +111.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for battered fish fillet exported from the UK were Ireland ($X), France ($X) and Italy ($X), with a combined 52% share of total exports. Sweden, Norway, Canada, the United States, Germany, the Netherlands and Spain lagged somewhat behind, together comprising a further 34%.

Norway, with a CAGR of +128.8%, recorded the highest rates of growth with regard to the value of exports, among 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 battered fish fillet export price stood at $X per ton in 2021, increasing by 10% against the previous year. In general, the export price, however, recorded a slight contraction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Italy ($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 the United States (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into the UK

In 2021, battered fish fillet imports into the UK fell remarkably to X tons, which is down by -20.4% on the previous year. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 22%. As a result, imports attained the peak of X tons, and then contracted sharply in the following year.

In value terms, battered fish fillet imports shrank to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 26% against the previous year. As a result, imports attained the peak of $X, and then reduced in the following year.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of battered fish fillet to the UK, with a 56% share of total imports. Moreover, battered fish fillet imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. Denmark (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.1% per year) and Denmark (-6.6% per year).

In value terms, Germany ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to the UK, comprising 50% of total imports. The second position in the ranking was taken by Poland ($X), with a 20% share of total imports. It was followed by Denmark, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+1.6% per year) and Denmark (-5.3% per year).

Import Prices by Country

The average battered fish fillet import price stood at $X per ton in 2021, increasing by 6.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 9.6%. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :