Global Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size

In 2021, after nine years of growth, there was significant decline in the global battered fish fillet market, when its value decreased by -6.4% to $X. The market value increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked at $X in 2020, and then fell in the following year.

Battered Fish Fillet Production

In value terms, battered fish fillet production fell to $X in 2021 estimated in export price. In general, the total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by 12%. Global production peaked at $X in 2020, and then contracted in the following year.

Battered Fish Fillet Exports

Exports

In 2021, the amount of fish fillets in batter or breadcrumbs exported worldwide rose markedly to X tons, increasing by 10% on 2020. Overall, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by 20%. Over the period under review, the global exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, battered fish fillet exports rose sharply to $X in 2021. Over the period under review, total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +80.0% against 2015 indices. The pace of growth was the most pronounced in 2018 with an increase of 22%. Over the period under review, the global exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the largest exporter of fish fillets in batter or breadcrumbs, constituting 58% of total exports. Germany (X tons) held the second position in the ranking, followed by Poland (X tons). All these countries together held approx. 18% share of total exports. The Netherlands (X tons), Vietnam (X tons), Thailand (X tons), Denmark (X tons), Chile (X tons), France (X tons) and Ecuador (X tons) held a minor share of total exports.

China was also the fastest-growing in terms of the fish fillets in batter or breadcrumbs exports, with a CAGR of +13.4% from 2012 to 2021. At the same time, Ecuador (+9.2%), the Netherlands (+8.3%), France (+7.6%), Poland (+7.2%), Vietnam (+6.1%), Thailand (+4.1%), Chile (+3.0%) and Germany (+2.1%) displayed positive paces of growth. Denmark experienced a relatively flat trend pattern. From 2012 to 2021, the share of China increased by +20 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest battered fish fillet supplier worldwide, comprising 53% of global exports. The second position in the ranking was held by Germany ($X), with a 13% share of global exports. It was followed by Poland, with a 6.1% share.

In China, battered fish fillet exports expanded at an average annual rate of +11.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (+2.1% per year) and Poland (+9.0% per year).

Export Prices by Country

The average battered fish fillet export price stood at $X per ton in 2021, with an increase of 2% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 5%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.8%), while the other global leaders experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports

After six years of growth, supplies from abroad of fish fillets in batter or breadcrumbs decreased by -1.8% to X tons in 2021. The total import volume increased at an average annual rate of +3.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 7.4% against the previous year. Over the period under review, global imports hit record highs at X tons in 2020, and then declined slightly in the following year.

In value terms, battered fish fillet imports expanded modestly to $X in 2021. The total import value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 12% against the previous year. Global imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Japan (X tons), distantly followed by Germany (X tons), Italy (X tons), the UK (X tons), France (X tons), Cote d'Ivoire (X tons) and the United States (X tons) were the major importers of fish fillets in batter or breadcrumbs, together committing 54% of total imports. Belgium (X tons), South Korea (X tons), Colombia (X tons), Denmark (X tons), Austria (X tons) and Australia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Cote d'Ivoire (with a CAGR of +39.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported fish fillets in batter or breadcrumbs worldwide, comprising 18% of global imports. The second position in the ranking was held by Germany ($X), with an 8.8% share of global imports. It was followed by the UK, with an 8.2% share.

In Japan, battered fish fillet imports declined by an average annual rate of -2.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+6.9% per year) and the UK (-0.0% per year).

Import Prices by Country

In 2021, the average battered fish fillet import price amounted to $X per ton, rising by 3.5% against the previous year. In general, the import price, however, showed a slight descent. The growth pace was the most rapid in 2018 when the average import price increased by 5.1% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per ton), while Cote d'Ivoire ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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