European imports of dried or smoked fish reduced by 5% y-o-y to 338K tonnes in 2020, continuing its downward trend over the past three years. In value terms, imports declined to $3.3B. Germany, Portugal, Italy, Sweden, Spain and France constitute the largest importers of dried or smoked fish in the EU, accounting for 83% of the total figure. Spain, France, Portugal and Italy saw significant drops in purchases from abroad last year, while Germany, Sweden and Denmark managed to boost their imports. The dried or smoked fish import price in the EU declined by -2.3% against the previous year.
In 2020, European tuna imports increased by +7.3% y-o-y to $3.6B. The shipments to Spain, Italy, Germany, France and the Netherlands comprised 81% of the total import volume in the EU. In 2020, the average import price remained relatively unchanged against the previous year. Last year, Ecuador, Papua New Guinea, China and the Philippines were the leading tuna suppliers to the EU countries.
The pandemic-related restrictions insignificantly affected the EU trade of frozen crustaceans. In 2020, imports in the EU countries decreased by -6% y-o-y to $4.6B due to supply chain disruptions and limitations of the HoReCa segment. Spain, France and Italy remain the largest importers of frozen crustaceans in the EU, with a combined share of over 50% of the total value. Germany, Netherlands and France increased their imports in 2020, while most other importers experienced slight declines in supplies.
The mollusc market is expected to contract over 2020 amid a marked drop in demand from the HoReCa sector, and will resume weak growth in 2021 as the HoReCa and tourism sectors find their ‘new normality’.
Given the pandemic-related limitation of the HoReCa and retail sector, the smoked salmon market is not expected to post any tangible gains in 2020. Afterward, the market is forecast to resume gradual growth, driven by gradual population growth and the recovery of the HoReCa industry.
In 2019, after three years of growth, there was decline in the EU frozen freshwater fish market, when its value...
The EU frozen fish fillet market totaled $6.6B in 2019, surging by 5.1% against the previous year. This figure...
China ($7.6B) remains the largest frozen fish supplier worldwide, comprising 17% of global exports.