Europe: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Europe

In 2023, the Europe dried or smoked fish market increased by X% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in years to come.

Production of Dried Or Smoked Fish in Europe

In value terms, dried or smoked fish production totaled $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Exports of Dried Or Smoked Fish

Exports in Europe

In 2023, shipments abroad of dried or smoked fish decreased by X% to X tons, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, dried or smoked fish exports amounted to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in years to come.

Exports by Country

Norway represented the largest exporting country with an export of about X tons, which resulted at X% of total exports. Poland (X tons) ranks second in terms of the total exports with a X% share, followed by the Netherlands (X%), Iceland (X%), Denmark (X%) and Sweden (X%). The following exporters - Belarus (X tons), Germany (X tons), Lithuania (X tons), Spain (X tons), Russia (X tons) and Portugal (X tons) - together made up X% of total exports.

Norway experienced a relatively flat trend pattern with regard to volume of exports of dried or smoked fish. At the same time, Belarus (X%), the Netherlands (X%) and Poland (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. Lithuania, Russia, Spain and Denmark experienced a relatively flat trend pattern. By contrast, Iceland (X%), Germany (X%), Portugal (X%) and Sweden (X%) illustrated a downward trend over the same period. Iceland (X p.p.), the Netherlands (X p.p.), Belarus (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Denmark, Germany, Sweden and Norway saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest dried or smoked fish supplying countries in Europe were Poland ($X), Norway ($X) and the Netherlands ($X), together comprising X% of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of X%, saw 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 2023, the export price in Europe amounted to $X per ton, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Lithuania (X%), while the other leaders experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports in Europe

In 2023, overseas purchases of dried or smoked fish decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, dried or smoked fish imports expanded notably to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2023 and are likely to see steady growth in the immediate term.

Imports by Country

The purchases of the nine major importers of dried or smoked fish, namely Germany, Portugal, the Netherlands, Italy, France, Spain, Sweden, Denmark and Russia, represented more than two-thirds of total import.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and Portugal ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. The Netherlands, France, Sweden, Spain, Denmark and Russia lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, among 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

In 2023, the import price in Europe amounted to $X per ton, with an increase of X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, 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