
France - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
Price of Frozen Fish Meat in France Drops 16% to $3,374 per Ton
France Frozen Fish Meat Import Price in January 2023
In January 2023, the frozen fish meat price amounted to $3,374 per ton (CIF, France), falling by -15.7% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2022 when the average import price increased by 50% against the previous month. The import price peaked at $4,082 per ton in August 2022; however, from September 2022 to January 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($6,779 per ton), while the price for New Zealand ($1,798 per ton) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Belgium (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
France Frozen Fish Meat Imports
In January 2023, supplies from abroad of frozen fish meat decreased by -45.7% to 1.5K tons, falling for the third consecutive month after two months of growth. Over the period under review, imports saw a deep setback. The most prominent rate of growth was recorded in September 2022 when imports increased by 130% month-to-month. Over the period under review, imports reached the maximum at 5K tons in October 2022; however, from November 2022 to January 2023, imports remained at a lower figure.
In value terms, frozen fish meat imports contracted dramatically to $5M (IndexBox estimates) in January 2023. Overall, imports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in September 2022 when imports increased by 119% against the previous month. Imports peaked at 20K tons in October 2022; however, from November 2022 to January 2023, imports stood at a somewhat lower figure.
France Frozen Fish Meat Imports by Country
The United States (718 tons), Russia (470 tons) and Chile (118 tons) were the main suppliers of frozen fish meat imports to France, together comprising 88% of total imports.
From January 2022 to January 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of +24.9%), while imports for the other leaders experienced more modest paces of growth.
In value terms, the United States ($2.7M) constituted the largest supplier of frozen fish meat to France, comprising 53% of total imports. The second position in the ranking was held by Russia ($1M), with a 21% share of total imports. It was followed by Chile, with a 16% share.
From January 2022 to January 2023, the average monthly growth rate of value from the United States stood at -4.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Russia (+5.6% per month) and Chile (+29.4% per month).
Surplus in Fish Meat Production Leads to Decreased Prices in France
This decrease in price is a result of a surplus in fish meat due to increased production, coupled with a lower demand for these products. The excess of fish meat is a result of the fishing industry's recent expansion, with the promote sustainable fishing practices. While this has been a boon for the industry, it has also led to a surplus of fish meat, which has lowered the demand, hence the lower prices.
Consumers can expect to see reduced prices in supermarkets and fish markets across the country, making this a great time to purchase frozen fish meat in France. The drop in prices is likely to translate into increased sales for producers and distributors, which will further aid the expansion of the industry. Overall, the falling prices are good news for the industry and consumers looking for affordable, high-quality fish meat.
This report provides an in-depth analysis of the frozen fish meat market in France. 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 2030.
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 Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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