Price for Fish; Live, Ornamental, Other than Freshwater in the UK - 2023

Contents:

1. Price for Fish; Live, Ornamental, Other than Freshwater in the UK (CIF) - 2023
2. Price for Fish; Live, Ornamental, Other than Freshwater in the UK (FOB) - 2022
3. Imports of Fish; Live, Ornamental, Other than Freshwater in the UK
4. Exports of Fish; Live, Ornamental, Other than Freshwater in the UK

Price for Fish; Live, Ornamental, Other than Freshwater in the UK (CIF) - 2023

In November 2023, the average import price for fish; live, ornamental, other than freshwater amounted to $23,468 per ton, picking up by 237% against the previous month. Overall, the import price continues to indicate notable growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the United States ($85,019 per ton), while the price for Myanmar ($5,289 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Tonga (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fish; Live, Ornamental, Other than Freshwater in the UK (FOB) - 2022

In 2022, the average export price for fish; live, ornamental, other than freshwater amounted to $15,342 per ton, shrinking by -8.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 46%. As a result, the export price attained the peak level of $17,124 per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($58,888 per ton), while the average price for exports to Portugal ($6,598 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+25.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish; Live, Ornamental, Other than Freshwater in the UK

For the third year in a row, the UK recorded decline in purchases abroad of fish; live, ornamental, other than freshwater, which decreased by -14.5% to 188 tons in 2022. In general, imports continue to indicate a abrupt setback. The smallest decline of -6.7% was in 2021.

In value terms, imports of fish; live, ornamental, other than freshwater contracted markedly to $2.7M in 2022. Over the period under review, imports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 6.4% against the previous year.

Top Suppliers of Fish; Live, Ornamental, Other than Freshwater to the UK in 2022:

1. Indonesia (49.6 tons)
2. Philippines (26.9 tons)
3. Maldives (26.2 tons)
4. Netherlands (23.3 tons)
5. Kenya (16.7 tons)
6. Sri Lanka (10.0 tons)
7. United States (6.8 tons)
8. Fiji (6.7 tons)

Exports of Fish; Live, Ornamental, Other than Freshwater in the UK

In 2022, overseas shipments of fish; live, ornamental, other than freshwater were finally on the rise to reach 23 tons after two years of decline. Overall, exports, however, showed a dramatic downturn.

In value terms, exports of fish; live, ornamental, other than freshwater soared to $356K in 2022. In general, exports, however, saw a precipitous descent.

Top Export Markets for Fish; Live, Ornamental, Other than Freshwater from the UK in 2022:

1. Portugal (16.2 tons)
2. Norway (3.2 tons)
3. China (1.4 tons)
4. Brunei Darussalam (0.9 tons)
5. Netherlands (0.6 tons)
6. Indonesia (0.4 tons)

Source: IndexBox Market Intelligence Platform