France: Market for Frozen Fish and Seafood 2024

Market Size for Frozen Fish and Seafood in France

In 2023, after two years of growth, there was significant decline in the French frozen fish and seafood market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the market reached the peak level at $X in 2022, and then shrank in the following year.

Production of Frozen Fish and Seafood in France

In value terms, frozen fish and seafood production shrank slightly to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Frozen Fish and Seafood

Exports from France

In 2023, the amount of frozen fish and seafood exported from France shrank to X tons, which is down by X% compared with the year before. In general, exports saw a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, frozen fish and seafood exports declined to $X in 2023. Over the period under review, exports showed a mild decline. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Spain (X tons) was the main destination for frozen fish and seafood exports from France, with a X% share of total exports. Moreover, frozen fish and seafood exports to Spain exceeded the volume sent to the second major destination, Italy (X tons), twofold. Cote d'Ivoire (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual growth rate of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Cote d'Ivoire (X% per year).

In value terms, the largest markets for frozen fish and seafood exported from France were Spain ($X), Italy ($X) and Germany ($X), with a combined X% share of total exports. Belgium, the Netherlands, Portugal, Denmark, Poland, Cote d'Ivoire, Ghana, Vietnam, Colombia and Estonia lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2023, the average frozen fish and seafood export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, frozen fish and seafood export price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure in 2023 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to Estonia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish and Seafood

Imports into France

After two years of growth, overseas purchases of frozen fish and seafood decreased by X% to X tons in 2023. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then fell in the following year.

In value terms, frozen fish and seafood imports dropped to $X in 2023. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2022, and then contracted in the following year.

Imports by Country

China (X tons), Spain (X tons) and Ecuador (X tons) were the main suppliers of frozen fish and seafood imports to France, with a combined X% share of total imports. The Netherlands, the United States, Belgium, the UK, Venezuela, Russia, Germany, India, Vietnam and Madagascar lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for Belgium (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), the Netherlands ($X) and Belgium ($X) appeared to be the largest frozen fish and seafood suppliers to France, together comprising X% of total imports.

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

Import Prices by Country

In 2023, the average frozen fish and seafood import price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2022, and then declined slightly in the following year.

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

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

Source: IndexBox Platform