United Kingdom: Frozen Freshwater Fish Market 2024

Frozen Freshwater Fish Market Size in the UK

The UK frozen freshwater fish market totaled $X in 2021, picking up by 9% against the previous year. In general, consumption saw a relatively flat trend pattern. Frozen freshwater fish consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Frozen Freshwater Fish Production in the UK

In value terms, frozen freshwater fish production surged to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 109% against the previous year. Frozen freshwater fish production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Frozen Freshwater Fish Exports

Exports from the UK

Frozen freshwater fish exports from the UK reduced to X tons in 2021, which is down by -5.6% against the previous year. Overall, exports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2016 when exports increased by 106% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, frozen freshwater fish exports soared to $X in 2021. Over the period under review, total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +31.2% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 95%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Spain (X tons) was the main destination for frozen freshwater fish exports from the UK, with a 42% share of total exports. Moreover, frozen freshwater fish exports to Spain exceeded the volume sent to the second major destination, France (X tons), threefold. Poland (X tons) ranked third in terms of total exports with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain stood at +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+24.4% per year) and Poland (+19.0% per year).

In value terms, Spain ($X) remains the key foreign market for frozen freshwater fish exports from the UK, comprising 61% of total exports. The second position in the ranking was taken by France ($X), with an 8.8% share of total exports. It was followed by Poland, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+14.7% per year) and Poland (+18.5% per year).

Export Prices by Country

The average frozen freshwater fish export price stood at $X per ton in 2021, with an increase of 29% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +9.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen freshwater fish export price decreased by -2.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 71% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Lithuania ($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 Lithuania (+31.1%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Freshwater Fish Imports

Imports into the UK

In 2021, supplies from abroad of frozen freshwater fish decreased by -7.4% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 14%. Imports peaked at X tons in 2020, and then dropped in the following year.

In value terms, frozen freshwater fish imports expanded to $X in 2021. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 21% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Myanmar (X tons) constituted the largest frozen freshwater fish supplier to the UK, with a 32% share of total imports. Moreover, frozen freshwater fish imports from Myanmar exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Iceland (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from Myanmar totaled +59.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.9% per year) and Iceland (-0.7% per year).

In value terms, the largest frozen freshwater fish suppliers to the UK were Myanmar ($X), Bangladesh ($X) and China ($X), together comprising 52% of total imports.

Among the main suppliers, Myanmar, with a CAGR of +67.3%, saw the highest rates of growth with regard to 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

The average frozen freshwater fish import price stood at $X per ton in 2021, picking up by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 23%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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