Fish Fat and Oil Market - European Production Is on the Rise, Driven by Growing Demand for Healthy Food in the World

IndexBox has just published a new report: 'EU - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The revenue of the fish fat and oil market in the European Union amounted to $X in 2018, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +X% over the period from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. The level of fish fat and oil consumption peaked at $X in 2012; however, from 2013 to 2018, consumption stood at a somewhat lower figure.

Consumption By Country in the EU

The countries with the highest volumes of fish fat and oil consumption in 2018 were France (X tons), Italy (X tons) and the UK (X tons), with a combined X% share of total consumption.

From 2007 to 2018, the most notable rate of growth in terms of fish fat and oil consumption, amongst the main consuming countries, was attained by the UK, while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and Spain ($X) were the countries with the highest levels of market value in 2018, together accounting for X% of the total market. These countries were followed by the UK, Denmark, the Netherlands, Greece, Romania, Belgium, the Czech Republic, Hungary and Portugal, which together accounted for a further X%.

In 2018, the highest levels of fish fat and oil per capita consumption was registered in Denmark (X kg per X persons), followed by Greece (X kg per X persons), Belgium (X kg per X persons) and the Netherlands (X kg per X persons), while the world average per capita consumption of fish fat and oil was estimated at X kg per X persons.

In Denmark, fish fat and oil per capita consumption declined by an average annual rate of -X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Greece (+X% per year) and Belgium (+X% per year).

Production in the EU

In 2018, the production of fish fats and oils in the European Union totaled X tons, growing by X% against the previous year. The total output volume increased at an average annual rate of +X% from 2007 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 2008 when production volume increased by X% y-o-y. Over the period under review, fish fat and oil production reached its maximum volume in 2018 and is expected to retain its growth in the immediate term.

In value terms, fish fat and oil production amounted to $X in 2018 estimated in export prices. The total output indicated prominent growth from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when production volume increased by X% year-to-year. The level of fish fat and oil production peaked in 2018 and is expected to retain its growth in the immediate term.

Production By Country in the EU

The countries with the highest volumes of fish fat and oil production in 2018 were Denmark (X tons), France (X tons) and Italy (X tons), together accounting for X% of total production. These countries were followed by the UK, Spain, the Netherlands, Germany, Romania, the Czech Republic, Portugal, Hungary and Bulgaria, which together accounted for a further X%.

From 2007 to 2018, the most notable rate of growth in terms of fish fat and oil production, amongst the main producing countries, was attained by the Netherlands (+X% per year), while the other leaders experienced more modest paces of growth.

Exports in the EU

In 2018, the exports of fish fats and oils in the European Union amounted to X tons, going up by X% against the previous year. Overall, fish fat and oil exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, fish fat and oil exports attained their maximum at X tons in 2011; however, from 2012 to 2018, exports remained at a lower figure.

In value terms, fish fat and oil exports stood at $X (IndexBox estimates) in 2018. The total exports indicated a pronounced increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2008 when exports increased by X% y-o-y. The level of exports peaked at $X in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, Denmark (X tons) was the major exporter of fish fats and oils, creating X% of total exports. It was distantly followed by France (X tons), Germany (X tons), the Netherlands (X tons), the UK (X tons) and Belgium (X tons), together achieving a X% share of total exports. Spain (X tons) followed a long way behind the leaders.

Denmark experienced a relatively flat trend pattern of fish fats and oils exports. At the same time, Belgium (+X%), Germany (+X%) and France (+X%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing exporter in the European Union, with a CAGR of +X% from 2007-2018. The Netherlands and Spain experienced a relatively flat trend pattern. By contrast, the UK (-X%) illustrated a downward trend over the same period. While the share of Denmark (+X p.p.), Germany (+X p.p.), Belgium (+X p.p.) and France (+X p.p.) increased significantly in terms of the total exports from 2007-2018, the share of the UK (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) remains the largest fish fat and oil supplier in the European Union, comprising X% of total fish fat and oil exports. The second position in the ranking was occupied by Germany ($X), with a X% share of total exports. It was followed by France, with a X% share.

In Denmark, fish fat and oil exports expanded at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Germany (+X% per year) and France (+X% per year).

Export Prices by Country

The fish fat and oil export price in the European Union stood at $X per ton in 2018, falling by -X% against the previous year. The export price indicated a conspicuous expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fish fat and oil export price decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2008 when the export price increased by X% year-to-year. Over the period under review, the export prices for fish fats and oils reached their peak figure at $X per ton in 2013; however, from 2014 to 2018, export prices failed to regain their momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Spain ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Imports in the EU

In 2018, the imports of fish fats and oils in the European Union totaled X tons, rising by X% against the previous year. Over the period under review, fish fat and oil imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of X% y-o-y. In that year, fish fat and oil imports reached their peak of X tons. From 2010 to 2018, the growth of fish fat and oil imports remained at a somewhat lower figure.

In value terms, fish fat and oil imports stood at $X (IndexBox estimates) in 2018. The total import value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2008 when imports increased by X% against the previous year. Over the period under review, fish fat and oil imports reached their peak figure at $X in 2012; however, from 2013 to 2018, imports stood at a somewhat lower figure.

Imports by Country

Denmark represented the major importer of fish fats and oils in the European Union, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2018. France (X tons) ranks second in terms of the total imports with a X% share, followed by Greece (X%), Belgium (X%), the UK (X%), Spain (X%), the Netherlands (X%) and Italy (X%).

Imports into Denmark decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Spain (+X%), Belgium (+X%), Greece (+X%) and the UK (+X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer in the European Union, with a CAGR of +X% from 2007-2018. Italy and France experienced a relatively flat trend pattern. By contrast, the Netherlands (-X%) illustrated a downward trend over the same period. Spain (+X p.p.), Belgium (+X p.p.), Greece (+X p.p.) and the UK (+X p.p.) significantly strengthened its position in terms of the total imports, while the Netherlands and Denmark saw its share reduced by -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X) constitutes the largest market for imported fish fats and oils in the European Union, comprising X% of total fish fat and oil imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in Denmark amounted to +X%. In the other countries, the average annual rates were as follows: France (+X% per year) and the UK (+X% per year).

Import Prices by Country

In 2018, the fish fat and oil import price in the European Union amounted to $X per ton, increasing by X% against the previous year. The import price indicated temperate growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, fish fat and oil import price decreased by -X% against 2013 indices. The most prominent rate of growth was recorded in 2008 when the import price increased by X% year-to-year. The level of import price peaked at $X per ton in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the Netherlands ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by France, while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform