United Kingdom: Frozen Fish Market 2024

Frozen Fish Market Size in the UK

The UK frozen fish market fell modestly to $X in 2022, reducing by X% against the previous year. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Frozen Fish Production in the UK

In value terms, frozen fish production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Frozen fish production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Frozen Fish Exports

Exports from the UK

Frozen fish exports from the UK amounted to X tons in 2022, surging by X% against 2021. Over the period under review, exports, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen fish exports amounted to $X in 2022. In general, exports, however, continue to indicate a noticeable decline. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for frozen fish exports from the UK, with a X% share of total exports. Moreover, frozen fish exports to the Netherlands exceeded the volume sent to the second major destination, Nigeria (X tons), fourfold. The third position in this ranking was held by Lithuania (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Lithuania (X% per year).

In value terms, the Netherlands ($X), the United States ($X) and France ($X) were the largest markets for frozen fish exported from the UK worldwide, with a combined X% share of total exports. Lithuania, Germany, China, Vietnam, the Philippines, Ukraine, Japan, Nigeria, Canada and Nicaragua lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Philippines, with a CAGR of X%, saw 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

In 2022, the average frozen fish export price amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2021, and then contracted in the following year.

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

Frozen Fish Imports

Imports into the UK

In 2022, purchases abroad of frozen fish increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a slight decrease. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen fish imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Norway (X tons) and Iceland (X tons) were the main suppliers of frozen fish imports to the UK, with a combined X% share of total imports. Russia, Vietnam, the United States, Turkey, Faroe Islands, Myanmar, Greenland, Poland, Germany and Denmark lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest frozen fish suppliers to the UK were China ($X), Iceland ($X) and Norway ($X), with a combined X% share of total imports. Russia, Turkey, Vietnam, Faroe Islands, the United States, Greenland, Myanmar, Poland, Germany and Denmark lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Myanmar, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen fish import price amounted to $X per ton, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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