Ireland - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fish Fat and Oil in Ireland - 2023
Contents:
- Price for Fish Fat and Oil in Ireland (FOB) - 2023
- Price for Fish Fat and Oil in Ireland (CIF) - 2023
- Exports of Fish Fat and Oil in Ireland
- Imports of Fish Fat and Oil in Ireland
Price for Fish Fat and Oil in Ireland (FOB) - 2023
In July 2023, the average fish fat and oil export price amounted to $4,435 per ton, reducing by -4.2% against the previous month. In general, export price indicated a pronounced increase from July 2022 to July 2023: its price increased at an average monthly rate of +4.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, fish fat and oil export price increased by +50.3% against March 2023 indices. The most prominent rate of growth was recorded in November 2022 when the average export price increased by 76% month-to-month. The export price peaked at $4,627 per ton in June 2023, and then dropped in the following month.
Average prices varied noticeably for the major overseas markets. In July 2023, the country with the highest price was Austria ($5,189 per ton), while the average price for exports to the UK stood at $4,413 per ton.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+4.3%).
Price for Fish Fat and Oil in Ireland (CIF) - 2023
The average fish fat and oil import price stood at $6,190 per ton in July 2023, waning by -71.4% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in June 2023 an increase of 340% against the previous month. As a result, import price attained the peak level of $21,666 per ton, and then shrank rapidly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Belgium ($116K per ton), while the price for the UK ($3,090 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Belgium (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fish Fat and Oil in Ireland
In 2022, approx. 3.1K tons of fish fats and oils were exported from Ireland; remaining stable against 2021. Over the period under review, exports showed a noticeable decline. The smallest decline of -2.7% was in 2020.
In value terms, fish fat and oil exports stood at $7.9M in 2022. In general, exports posted a resilient expansion. The pace of growth was the most pronounced in 2020 when exports increased by 16%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the immediate term.
Export of Fish Fat and Oil in Ireland (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 4.9 | 5.7 | N/A | 7.3 | 14.2% |
France | 0.2 | 0.3 | N/A | 0.3 | 14.5% |
Others | 0.1 | 0.1 | N/A | 0.3 | 44.2% |
Total | 5.2 | 6.1 | N/A | 7.9 | 15.0% |
Top Export Markets for Fish Fat and Oil from Ireland in 2022:
- United Kingdom (2.9K tons)
- France (0.1K tons)
Imports of Fish Fat and Oil in Ireland
For the third year in a row, Ireland recorded decline in supplies from abroad of fish fats and oils, which decreased by 0% to 215 tons in 2022. In general, imports showed a precipitous decline. The smallest decline of -15.1% was in 2020.
In value terms, fish fat and oil imports totaled $2.1M in 2022. Overall, imports showed a slight decline. The smallest decline of -14.7% was in 2020.
Import of Fish Fat and Oil in Ireland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Norway | 11.4 | 3.3 | N/A | 592 | 273.1% |
United Kingdom | 1,624 | 1,470 | N/A | 542 | -30.6% |
Sweden | N/A | N/A | N/A | 349 | 0% |
Spain | 36.9 | 132 | N/A | 171 | 66.7% |
Germany | 7.7 | 12.3 | N/A | 67.5 | 106.2% |
Others | 581 | 311 | N/A | 425 | -9.9% |
Total | 2,261 | 1,928 | N/A | 2,146 | -1.7% |
Top Suppliers of Fish Fat and Oil to Ireland in 2022:
- United Kingdom (117.0 tons)
- Spain (44.2 tons)
- Norway (32.1 tons)
- Sweden (13.3 tons)
- Germany (3.7 tons)
This report provides an in-depth analysis of the market for fish fat and oil in Ireland. 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.
Product coverage:
- Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ireland
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for fish fat and oil in Ireland.
This report provides an in-depth analysis of the global market for fish fat and oil.
This report provides an in-depth analysis of the market for fish fat and oil in Ireland.
This report provides an in-depth analysis of the global market for fish fat and oil.
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.