EU: Market for Flours, Meals And Pellets Of Fish 2023

Market Size for Flours, Meals And Pellets Of Fish in the EU

In 2022, the EU fish meals and pellet market decreased by X% to $X, falling for the third consecutive year after three years of growth. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish in the EU

In value terms, fish meals and pellet production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a mild setback. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Flours, Meals And Pellets Of Fish

Exports in the EU

In 2022, after two years of growth, there was significant decline in overseas shipments of flours, meals and pellets of fish, when their volume decreased by X% to X tons. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, fish meals and pellet exports shrank markedly to $X in 2022. Overall, exports showed a pronounced contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Denmark was the key exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by the Netherlands (X tons), Latvia (X tons), Finland (X tons) and Poland (X tons), together comprising a X% share of total exports. Spain (X tons), Germany (X tons) and France (X tons) followed a long way behind the leaders.

Exports from Denmark decreased at an average annual rate of X% from 2012 to 2022. At the same time, Finland (X%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, Spain (X%), France (X%), the Netherlands (X%), Poland (X%), Germany (X%) and Latvia (X%) illustrated a downward trend over the same period. While the share of Denmark (X p.p.) and Finland (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Poland (X p.p.), Germany (X p.p.) and Latvia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Denmark ($X), Finland ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, rising by X% against the previous year. Overall, the export price posted a pronounced expansion. The pace of growth was the most pronounced in 2019 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in the near future.

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 France ($X per ton), while Latvia ($X per ton) was amongst the lowest.

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

Imports of Flours, Meals And Pellets Of Fish

Imports in the EU

In 2022, supplies from abroad of flours, meals and pellets of fish decreased by X% to X tons, falling for the second year in a row after three years of growth. In general, imports showed a noticeable curtailment. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, fish meals and pellet imports reduced notably to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of fish meals and pellet imports in 2022 were Denmark (X tons), Sweden (X tons) and Germany (X tons), together reaching X% of total import. The Netherlands (X tons) took the next position in the ranking, followed by Greece (X tons) and Spain (X tons). All these countries together took approx. X% share of total imports. Belgium (X tons) followed a long way behind the leaders.

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

In value terms, the largest fish meals and pellet importing markets in the European Union were Denmark ($X), Sweden ($X) and Germany ($X), with a combined X% share of total imports. Belgium, the Netherlands, Spain and Greece lagged somewhat behind, together accounting for a further X%.

Belgium, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price saw a moderate increase. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices failed to regain momentum.

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 Belgium ($X per ton), while Greece ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :