Overview of the Global Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

The global seafood meals and pellets market amounted to $X in 2021, with an increase of 9.2% against the previous year. The market value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. Global consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

In value terms, seafood meals and pellets production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 9.4%. As a result, production reached the peak level of $X. From 2019 to 2021, global production growth remained at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports

In 2021, approx. X tons of flours, meals and pellets of fish or of crustaceans and molluscs were exported worldwide; with an increase of 6.8% compared with 2020. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 16% against the previous year. Over the period under review, the global exports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

In value terms, seafood meals and pellets exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Peru was the key exporter of flours, meals and pellets of fish or of crustaceans and molluscs in the world, with the volume of exports amounting to X tons, which was approx. 35% of total exports in 2021. Chile (X tons) held a 7.1% share (based on physical terms) of total exports, which put it in second place, followed by Denmark (5.5%). The following exporters - Vietnam (X tons), Morocco (X tons), Thailand (X tons), the United States (X tons), Norway (X tons), Russia (X tons), Mauritania (X tons), Germany (X tons), Iceland (X tons) and India (X tons) - together made up 31% of total exports.

From 2012 to 2021, average annual rates of growth with regard to seafood meals and pellets exports from Peru stood at -1.3%. At the same time, India (+23.9%), Norway (+20.7%), Mauritania (+13.3%), Russia (+8.6%), Thailand (+7.7%), Morocco (+4.9%) and Vietnam (+4.3%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.9% from 2012-2021. Denmark and Iceland experienced a relatively flat trend pattern. By contrast, the United States (-1.5%), Chile (-2.6%) and Germany (-10.9%) illustrated a downward trend over the same period. Iceland (+2.4 p.p.), Norway (+2.3 p.p.), India (+1.9 p.p.), Mauritania (+1.8 p.p.) and Thailand (+1.6 p.p.) significantly strengthened its position in terms of the global exports, while Chile, Germany and Peru saw its share reduced by -2.6%, -5.1% and -7.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest seafood meals and pellets supplier worldwide, comprising 36% of global exports. The second position in the ranking was held by Chile ($X), with a 7.8% share of global exports. It was followed by Denmark, with a 6.9% share.

In Peru, seafood meals and pellets exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Chile (-1.3% per year) and Denmark (+2.8% per year).

Export Prices by Country

In 2021, the average seafood meals and pellets export price amounted to $X per ton, increasing by 7.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2013 an increase of 17%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2015; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+5.3%), while the other global leaders experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports

For the third year in a row, the global market recorded growth in overseas purchases of flours, meals and pellets of fish or of crustaceans and molluscs, which increased by 11% to X tons in 2021. The total import volume increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2017 with an increase of 18%. Global imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, seafood meals and pellets imports surged to $X in 2021. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, 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 represented the main importer of flours, meals and pellets of fish or of crustaceans and molluscs in the world, with the volume of imports amounting to X tons, which was approx. 46% of total imports in 2021. It was distantly followed by Turkey (X tons), constituting a 6.6% share of total imports. Norway (X tons), Japan (X tons), Taiwan (Chinese) (X tons), Vietnam (X tons), the UK (X tons), Indonesia (X tons), Greece (X tons), Germany (X tons), the United States (X tons), Thailand (X tons) and Spain (X tons) took a minor share of total imports.

Imports into China increased at an average annual rate of +4.4% from 2012 to 2021. At the same time, Thailand (+17.1%), Turkey (+16.7%), the United States (+6.3%), Spain (+4.2%), the UK (+4.0%), Greece (+3.8%) and Vietnam (+3.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of +17.1% from 2012-2021. Indonesia experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (-2.7%), Norway (-4.0%), Japan (-5.7%) and Germany (-11.3%) illustrated a downward trend over the same period. China (+10 p.p.) and Turkey (+4.7 p.p.) significantly strengthened its position in terms of the global imports, while Taiwan (Chinese), Norway, Japan and Germany saw its share reduced by -1.6%, -2.8%, -3.6% and -4.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported flours, meals and pellets of fish or of crustaceans and molluscs worldwide, comprising 47% of global imports. The second position in the ranking was taken by Turkey ($X), with a 6.2% share of global imports. It was followed by Norway, with a 5.6% share.

In China, seafood meals and pellets imports increased at an average annual rate of +5.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+16.8% per year) and Norway (-2.1% per year).

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2021, rising by 8.2% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 17% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.5%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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