EU: Market for Fresh Or Chilled Salmonoids Meat 2024

Market Size for Fresh Or Chilled Salmonoids Meat in the EU

In 2022, the EU market for fresh or chilled salmonoids meat increased by 36% to $X, rising for the third year in a row after two years of decline. In general, consumption recorded a significant expansion. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Fresh Or Chilled Salmonoids Meat in the EU

In value terms, fresh or chilled salmonoids meat production shrank to $X in 2022 estimated in export price. In general, production, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 438%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Fresh Or Chilled Salmonoids Meat

Exports in the EU

In 2022, shipments abroad of fresh or chilled salmonoids meat increased by 75% to X tons, rising for the sixth year in a row after two years of decline. Overall, exports showed resilient growth. The pace of growth was the most pronounced in 2014 when exports increased by 128%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, fresh or chilled salmonoids meat exports skyrocketed to $X in 2022. In general, exports recorded a strong expansion. The pace of growth was the most pronounced in 2014 when exports increased by 102%. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

Exports by Country

Poland (X tons) and Latvia (X tons) prevails in exports structure, together constituting 86% of total exports. Denmark (X tons) held a 5.5% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (5.1%). France (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +89.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) emerged as the largest fresh or chilled salmonoids meat supplier in the European Union, comprising 60% of total exports. The second position in the ranking was held by Latvia ($X), with a 20% share of total exports. It was followed by the Netherlands, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value in Poland stood at +11.2%. In the other countries, the average annual rates were as follows: Latvia (+69.6% per year) and the Netherlands (+4.7% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the export price, however, continues to indicate a modest expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by 42%. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 Denmark (+15.8%), while the other leaders experienced more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Meat

Imports in the EU

In 2022, approx. X tons of fresh or chilled salmonoids meat were imported in the European Union; increasing by 53% on the previous year's figure. Overall, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 when imports increased by 174%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, fresh or chilled salmonoids meat imports surged to $X in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 174% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Poland prevails in imports structure, accounting for X tons, which was near 85% of total imports in 2022. It was distantly followed by Latvia (X tons), mixing up an 8.6% share of total imports. France (X tons) took a relatively small share of total imports.

Poland was also the fastest-growing in terms of the fresh or chilled salmonoids meat imports, with a CAGR of +81.3% from 2012 to 2022. At the same time, Latvia (+51.6%) and France (+24.9%) displayed positive paces of growth. Poland (+82 p.p.) and Latvia (+6.6 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported fresh or chilled salmonoids meat in the European Union, comprising 87% of total imports. The second position in the ranking was held by Latvia ($X), with a 4.4% share of total imports.

In Poland, fresh or chilled salmonoids meat imports increased at an average annual rate of +91.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Latvia (+42.8% per year) and France (+29.3% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, increasing by 15% against the previous year. Overall, the import price, however, recorded a noticeable curtailment. The most prominent rate of growth was recorded in 2015 an increase of 37% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, 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 Poland ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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