Europe: Frozen Fish Market 2024

Frozen Fish Market Size in Europe

The Europe frozen fish market reduced to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Frozen Fish Production in Europe

In value terms, frozen fish production rose slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Frozen Fish Exports

Exports in Europe

In 2022, shipments abroad of frozen fish increased by X% to X tons, rising for the third year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen fish exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Russia (X tons) was the main exporter of frozen fish, mixing up X% of total exports. Norway (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (X%) and Spain (X%). Faroe Islands (X tons), Iceland (X tons), Germany (X tons), Denmark (X tons), the UK (X tons), Ireland (X tons), Poland (X tons) and Portugal (X tons) took a minor share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Denmark (X%), Poland (X%), Faroe Islands (X%), the Netherlands (X%) and Portugal (X%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Norway experienced a relatively flat trend pattern. By contrast, Germany (X%), Spain (X%), Ireland (X%), Iceland (X%) and the UK (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and the Netherlands increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Norway ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Spain, Denmark, Iceland, Poland, Germany, Faroe Islands, Portugal, the UK and Ireland lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Poland, 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 Europe amounted to $X per ton, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export 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 exporting countries. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while Ireland ($X per ton) was amongst the lowest.

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

Frozen Fish Imports

Imports in Europe

Frozen fish imports contracted to X tons in 2022, with a decrease of X% against 2021 figures. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish imports expanded 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 being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands (X tons), Spain (X tons), Germany (X tons), Poland (X tons), France (X tons), Ukraine (X tons), Russia (X tons), the UK (X tons), Italy (X tons), Portugal (X tons), Denmark (X tons) and Sweden (X tons) represented roughly X% of total imports in 2022.

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

In value terms, the largest frozen fish importing markets in Europe were Germany ($X), Spain ($X) and the Netherlands ($X), together comprising X% of total imports. France, the UK, Poland, Italy, Russia, Denmark, Sweden, Portugal and Ukraine lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Sweden, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, 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 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 the UK ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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