Spain, the UK and Ireland Remain the Largest EU Producers of Frozen Fish and Seafood

Fish, Crustaceans And Molluscs May 30, 2018
EU - Frozen Fish And Seafood - Market Analysis, Forecast, Size, Trends and Insights

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IndexBox has just published a new report "EU: Frozen Fish And Seafood - Market Report. Analysis And Forecast To •••". Here is a summary of the report’s key findings.

EU Frozen Fish Market Increased Slightly

The size of frozen fish and seafood market in the EU reached approx. ••• tonnes in 2016, which was ••• tonnes (or •••%) more than the years before, and ••• tonnes (•••%) more than the outset level. Over the period from 2007 to 2016, the market experienced mixed trend patterns: a relatively flat trend pattern over 2007-2010 was followed by somewhat pronounced fluctuations through to 2016, increasing over the last two years. 

In wholesale prices, the market also increased over the last years, finally amounting to €••• in 2016 (IndexBox estimates). This figure reflects total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the last nine years, the market had an annual average growth rate of +•••%.

Poland, Spain, Italy, Portugal, Germany, the UK and France Remain the Largest Consumers of Frozen Fish and Seafood

Amongst the EU members, Poland (•••%), Spain (•••%), Italy (•••%), Portugal (•••%), Germany (•••%), the UK (•••%), France (•••%), Lithuania (•••%), Romania (•••%), Ireland (•••%) were the countries with the largest volumes of frozen fish and seafood consumption. 

The highest annual growth rates of frozen fish and seafood consumption from 2007 to 2016 was recorded in Ireland, with an average annual rate of +•••%. Consequently, Ireland strengthened its share in terms of the global consumption by +••• percentage points. Spain (+••• percentage points), Portugal (+••• percentage points) increased their shares, while Germany (-••• percentage points), France (-••• percentage points) saw their share reduced.

Amongst the leading consuming countries, high levels of per capita consumption were recorded in Lithuania (••• kg/year) and Portugal (••• kg/year), which were significantly higher than the world average of ••• kg/year. In these countries per capita consumption grew steadily in 2007-2016. The annual growth of per capita consumption from 2007 to 2016 was the most notable in Lithuania, with a CAGR of +•••%.

Weak Growth of Frozen Fish and Seafood Consumption Is Expected in the EU

Frozen fish and seafood is a popular food product in many European countries (especially in countries with access to the sea). A key factor for development of this market lies within a gradual growth of consumer income against the background of the recovery of the European Union’s economy. The most crucial trends are the development of assortment of ready meals made of frozen fish in retail networks, strengthening partnerships with the food service sector and private label manufacturing. Overall, there are favorable expectations towards the growth levels of frozen fish and seafood consumption, driven by rising population and disposable incomes on the backdrop of current economy growth. The performance of the market is expected to remain modest but steady, with an anticipated CAGR of +•••% for the nine-year period from 2015 to •••, which is projected to lead the market volume to ••• tonnes by the end of •••.

Spain, the UK and Ireland Remain the Largest Producers of Frozen Fish and Seafood in the EU

The countries with the highest levels of production in 2016 were Spain (••• thousand tonnes), the UK (••• thousand tonnes) and Ireland (••• tonnes), which together accounted for •••% of total output. In Ireland and Spain, frozen fish and seafood production increased by +•••% and +•••% annually from 2007 to 2016. Meanwhile, the UK production (-•••%) decreased over the period under review.

The Netherlands, Spain, Germany  and the UK Remain Key Exporters of Frozen Fish and Seafood

In 2016, frozen fish and seafood exports in the EU totalled ••• tonnes, which was equal to approx. €•••. The Netherlands (••• tonnes), Spain (••• tonnes), Germany (••• tonnes) and the UK (••• tonnes) constituted the main suppliers of frozen fish and seafood among the EU members, with a combined share of •••% of total exports in 2016. These countries were also the leaders in terms of frozen fish imports, which indicate that there should be a large portion of intermediate operations and re-exports in the foreign trade. From these countries, Germany (+•••% per year) and the Netherlands (+•••% per year) emerged as the fastest growing suppliers over 2007 to 2016, while exports from Spain returned to its outset level; exports from the UK contracted by on average -•••% over the same period. 

Approx. a half of the total exports were sent outside the Union. In 2016 the volume of extra-EU exports for frozen fish and seafood was ••• tonnes, •••% less than the year before. Amongst countries outside the EU, Nigeria, China, Egypt, Ukraine and Viet Nam constitute major destinations of frozen fish exports. Prior to 2014, Russia also featured amongst top-••• foreign markets for European frozen seafood, but these supplies shrank dramatically after implementation of a ban on European food products introduced by Russia as a counteraction for sanctions and other political tensions with the U.S. and the EU.

The Netherlands, Spain, Germany and the UK Remain the Major Markets for Imported Seafood

In 2016, frozen fish and seafood imports into the EU totalled ••• tonnes, which equated €•••. The Netherlands (•••% of the total figure), Spain (•••%), Germany (•••%), Poland (•••%) and France (•••%) constitute the main destinations of frozen fish and seafood imports. 

Over the period from 2007-2016, the shares of Germany (-••• percentage points) in terms of European frozen fish imports contracted somewhat noticeably, while the shares of the other countries remained relatively stable throughout the analysed period.  

More than •••% of imports came from outside the Union. In 2016, the volume of extra-EU imports for frozen fish and seafood stood at ••• tonnes, •••% more than the year before. Amongst the countries from outside the EU, China, Norway, the U.S., Russia, Iceland and Viet Nam constituted major suppliers of imported frozen fish and seafood, together comprising approx. •••% of the total extra-EU imports.

Frozen fish and seafood will continue to be highly traded, fuelled by sustainable demand and established international value chains between the EU countries and their foreign partners. However, softening growth of frozen fish production and increasing domestic demand in some of the major exporting countries, as well as continuing political tensions with Russia and with the U.S. (regarding the U.S.’s new protectionism policies) could potentially restrain the international trade of frozen fish and seafood.

Do you want to know more about the European frozen seafood market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • frozen seafood market share
  • frozen seafood prices
  • frozen seafood industry
  • frozen seafood sales
  • frozen seafood import
  • frozen seafood export
  • frozen seafood market forecast
  • frozen seafood price forecast
  • key frozen seafood producers

Source: EU: Frozen Fish And Seafood - Market Report. Analysis And Forecast To •••

Product coverage: frozen fish and seafood.

This report provides an in-depth analysis of the frozen fish and seafood market 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.

Country coverage: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania , Slovakia, Slovenia, Spain, Sweden, United Kingdom.

Data coverage:
• Market volume and value;
• Per Capita consumption;
• Forecast of the market dynamics in the medium term;
• Production in the EU, split by region and country;
• Trade (exports and imports) in the EU;
• Export and import prices;
• Market trends, drivers and restraints;
• Key market players and their profiles.

Reasons to buy this report:
• Take advantage of the latest data;
• Find deeper insights into current market developments;
• Discover vital success factors affecting the market.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues

1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1 REPORT DESCRIPTION
1.2 RESEARCH METHODOLOGY AND AI PLATFORM
1.3 DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4 GLOSSARY AND SPECIFIC TERMS

2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1 KEY FINDINGS
2.2 MARKET TRENDS

3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1 MARKET SIZE
3.2 CONSUMPTION BY COUNTRY
3.3 MARKET FORECAST TO 2025

4. MOST PROMISING PRODUCTS
Finding New Products to Diversify Your Business
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
4.1 TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2 BEST-SELLING PRODUCTS
4.3 MOST CONSUMED PRODUCT
4.4 MOST TRADED PRODUCT
4.5 MOST PROFITABLE PRODUCT FOR EXPORT

5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
5.1 TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2 TOP PRODUCING COUNTRIES
5.3 TOP EXPORTING COUNTRIES
5.4 LOW-COST EXPORTING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
6.1 TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2 TOP CONSUMING MARKETS
6.3 UNSATURATED MARKETS
6.4 TOP IMPORTING MARKETS
6.5 MOST PROFITABLE MARKETS

7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1 PRODUCTION VOLUME AND VALUE
7.2 PRODUCTION BY COUNTRY

8. IMPORTS
The Largest Importers on The Market and How They Succeed
8.1 IMPORTS FROM 2007–2017
8.2 IMPORTS BY COUNTRY
8.3 IMPORT PRICES BY COUNTRY

9. EXPORTS
The Largest Exporters on The Market and How They Succeed
9.1 EXPORTS FROM 2007–2017
9.2 EXPORTS BY COUNTRY
9.3 EXPORT PRICES BY COUNTRY

10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION

11. COUNTRY PROFILES
The Largest Markets And Their Profiles
NOTE: THIS CHAPTER IS AVAILABLE ONLY FOR PROFESSIONAL EDITION
Austria
Belgium
Bulgaria
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
Germany
Greece
Hungary
Ireland
Italy
Latvia
Lithuania
Luxembourg
Malta
Netherlands
Poland
Portugal
Romania
Slovakia
Slovenia
Spain
Sweden
United Kingdom

LIST OF TABLES
Table 1: Key Findings In 2017
Table 2: Market Volume, In Physical Terms, 2007–2017
Table 3: Market Value, 2007–2017
Table 4: Per Capita Consumption, By Country, 2015-2017
Table 5: Production, In Physical Terms, By Country, 2007–2017
Table 6: Imports, In Physical Terms, By Country, 2007–2017
Table 7: Imports, In Value Terms, By Country, 2007–2017
Table 8: Import Prices, By Country Of Destination, 2007–2017
Table 9: Exports, In Physical Terms, By Country, 2007–2017
Table 10: Exports, In Value Terms, By Country, 2007–2017
Table 11: Export Prices, By Country Of Origin, 2007–2017

LIST OF FIGURES
Figure 1: Market Volume, In Physical Terms, 2007–2017
Figure 2: Market Value, 2007–2017
Figure 3: Consumption, By Country, 2017
Figure 4: Market Forecast To 2025
Figure 5: Products: Market Size And Growth, By Type
Figure 6: Products: Average Per Capita Consumption, By Type
Figure 7: Products: Exports And Growth, By Type
Figure 8: Products: Export Prices And Growth, By Type
Figure 9: Production Volume And Growth
Figure 10: Exports And Growth
Figure 11: Export Prices And Growth
Figure 12: Market Size And Growth
Figure 13: Per Capita Consumption
Figure 14: Imports And Growth
Figure 15: Import Prices
Figure 16: Production, In Physical Terms, 2007–2017
Figure 17: Production, In Value Terms, 2007–2017
Figure 18: Production, By Country, 2017
Figure 19: Production, In Physical Terms, By Country, 2007–2017
Figure 20: Imports, In Physical Terms, 2007–2017
Figure 21: Imports, In Value Terms, 2007–2017
Figure 22: Imports, In Physical Terms, By Country, 2017
Figure 23: Imports, In Physical Terms, By Country, 2007–2017
Figure 24: Imports, In Value Terms, By Country, 2007–2017
Figure 25: Import Prices, By Country, 2007–2017
Figure 26: Exports, In Physical Terms, 2007–2017
Figure 27: Exports, In Value Terms, 2007–2017
Figure 28: Exports, In Physical Terms, By Country, 2017
Figure 29: Exports, In Physical Terms, By Country, 2007–2017
Figure 30: Exports, In Value Terms, By Country, 2007–2017
Figure 31: Export Prices, 2007–2017