United Kingdom: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in the UK

In 2022, the UK market for fresh or chilled salmonoids meat increased by 97% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption posted a noticeable increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Fresh Or Chilled Salmonoids Meat in the UK

In value terms, fresh or chilled salmonoids meat production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by 34%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Salmonoids Meat

Exports from the UK

In 2022, overseas shipments of fresh or chilled salmonoids meat decreased by 99.9% to less than X kg, falling for the third consecutive year after three years of growth. Overall, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2018 with an increase of 97%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled salmonoids meat exports dropped significantly to $X in 2022. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of 128%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for fresh or chilled salmonoids meat exports from the UK, with a 51% share of total exports. Moreover, fresh or chilled salmonoids meat exports to the United States exceeded the volume sent to the second major destination, Poland (X tons), fourfold. The third position in this ranking was held by France (X tons), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+79.3% per year) and France (+66.9% per year).

In value terms, the United States ($X) emerged as the key foreign market for fresh or chilled salmonoids meat exports from the UK, comprising 57% of total exports. The second position in the ranking was taken by France ($X), with a 14% share of total exports. It was followed by Poland, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+90.8% per year) and Poland (+60.1% per year).

Export Prices by Country

In 2021, the average export price for fresh or chilled salmonoids meat amounted to $X per ton, which is down by -10.8% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 32%. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Luxembourg ($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 France (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Meat

Imports into the UK

In 2022, purchases abroad of fresh or chilled salmonoids meat decreased by 0% to X kg, falling for the third year in a row after two years of decline. Over the period under review, imports continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 1,487% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled salmonoids meat imports amounted to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 2,027% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Iceland (X kg) constituted the largest fresh or chilled salmonoids meat supplier to the UK, accounting for a 74% share of total imports. Moreover, fresh or chilled salmonoids meat imports from Iceland exceeded the figures recorded by the second-largest supplier, Lithuania (X kg), sixfold. The third position in this ranking was taken by France (X kg), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iceland totaled +40.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+58.6% per year) and France (-27.2% per year).

In value terms, Iceland ($X) constituted the largest supplier of fresh or chilled salmonoids meat to the UK, comprising 79% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 7.9% share of total imports. It was followed by Poland, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Iceland totaled +36.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+52.1% per year) and Poland (-4.0% per year).

Import Prices by Country

The average import price for fresh or chilled salmonoids meat stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the import price continues to indicate a tangible increase. The pace of growth appeared the most rapid in 2013 an increase of 52% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Lithuania ($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 (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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