EU: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in the EU

The EU dried or salted fish market expanded remarkably to $X in 2022, surging by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Dried Or Salted Fish in the EU

In value terms, dried or salted fish production declined modestly to $X in 2022 estimated in export price. Overall, production saw a mild descent. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Dried Or Salted Fish

Exports in the EU

In 2022, shipments abroad of dried or salted fish decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X tons in 2021, and then declined in the following year.

In value terms, dried or salted fish exports declined to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, the Netherlands (X tons) and Sweden (X tons) represented the main exporters of dried or salted fish in the European Union, together generating X% of total exports. It was distantly followed by Spain (X tons), Germany (X tons), Denmark (X tons), Portugal (X tons) and Croatia (X tons), together comprising a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the Netherlands ($X) and Germany ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while Croatia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports in the EU

In 2022, purchases abroad of dried or salted fish increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, dried or salted fish imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Portugal (X tons) represented the major importer of dried or salted fish, constituting X% of total imports. The Netherlands (X tons) ranks second in terms of the total imports with a X% share, followed by Sweden (X%), Spain (X%), Germany (X%) and Italy (X%). France (X tons) followed a long way behind the leaders.

Portugal experienced a relatively flat trend pattern with regard to volume of imports of dried or salted fish. At the same time, the Netherlands (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. By contrast, Italy (X%), France (X%), Sweden (X%) and Spain (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) and Portugal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Spain (X p.p.) and Sweden (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dried or salted fish importing markets in the European Union were Portugal ($X), Sweden ($X) and the Netherlands ($X), with a combined X% share of total imports.

Among the main importing countries, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. 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 importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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