EU - Dried Or Smoked Fish - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
EU Dried and Smoked Fish Market is Driven by Rising Demand in Germany
IndexBox has just published a new report: 'EU - Dried Or Smoked Fish - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
In 2018, the value of the dried and smoked fish market in the European Union contracted slightly to $5.8B.
The countries with the highest volumes of dried or smoked fish consumption in 2018 were Portugal (87K tonnes), Germany (71K tonnes) and Spain (62K tonnes), with a combined 45% share of total consumption.
From 2008 to 2018, the most notable rate of growth in terms of dried or smoked fish consumption, amongst the key consuming countries, was attained by Germany, while demand from the other leaders experienced more modest paces of growth.
In value terms, France ($1.2B), the UK ($926M) and Germany ($905M) were the countries with the highest levels of the market value in 2018, with a combined 53% share.
In 2018, the highest levels of dried or smoked fish per capita consumption was registered in Portugal (8.44 kg per person), followed by Spain (1.32 kg per person), Poland (1.11 kg per person) and Italy (0.95 kg per person), while the average per capita consumption was estimated at 1 kg per person.
Production in the EU 2008-2018
The dried or smoked fish production dropped slightly to 399K tonnes in 2018, falling by -2% compared with the previous year. Overall, dried or smoked fish production showed a decrease. The volume of dried or smoked fish production peaked at 441K tonnes in 2008; however, from 2009 to 2018, production remained at a lower figure.
Exports in the EU
In 2018, the amount of dried or smoked fish exported in the European Union amounted to 285K tonnes, standing approx. at the year before. The total export volume increased at an average annual rate of +4.7% from 2008 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 with an increase of 19% against the previous year. Over the period under review, dried or smoked fish exports hit record highs at 296K tonnes in 2016; however, from 2017 to 2018, exports failed to regain their momentum.
In value terms, dried or smoked fish exports declined modestly to $3.1B (IndexBox estimates) in 2018.
Exports by Country
The shipments of the five major exporters of dried or smoked fish, namely Poland, Sweden, Denmark, the Netherlands and Germany, represented more than two-thirds of total exports. Lithuania (19K tonnes) ranks next in terms of the total exports with a 6.7% share, followed by Spain (5.9%).
From 2008 to 2018, the biggest increases were in the Netherlands, while shipments for the other leaders experienced more modest paces of growth.
In value terms, Poland ($920M) remains the largest dried or smoked fish supplier in the European Union, comprising 29% of total dried or smoked fish exports. The second position in the ranking was occupied by Germany ($396M), with a 13% share of total exports. It was followed by Denmark, with a 11% share.
Export Prices by Country
The dried or smoked fish export price in the European Union stood at $11,046 per tonne in 2018, rising by 5.1% against the previous year.
There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Lithuania ($16,189 per tonne), while Spain ($7,247 per tonne) was amongst the lowest.
Source: IndexBox Platform
This report provides an in-depth analysis of the market for dried or smoked fish in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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