Germany: Market for Frozen Fish and Seafood 2024

Market Size for Frozen Fish and Seafood in Germany

The German frozen fish and seafood market amounted to $X in 2023, approximately equating the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

Production of Frozen Fish and Seafood in Germany

In value terms, frozen fish and seafood production expanded to $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Frozen fish and seafood production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

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Exports of Frozen Fish and Seafood

Exports from Germany

In 2023, overseas shipments of frozen fish and seafood decreased by X% to X tons, falling for the fifth consecutive year after two years of growth. Overall, exports showed a mild reduction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, frozen fish and seafood exports fell to $X in 2023. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for frozen fish and seafood exports from Germany, with a X% share of total exports. Moreover, frozen fish and seafood exports to the Netherlands exceeded the volume sent to the second major destination, Poland (X tons), threefold. The third position in this ranking was taken by France (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and France (X% per year).

In value terms, Poland ($X), France ($X) and the Netherlands ($X) appeared to be the largest markets for frozen fish and seafood exported from Germany worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of X%, saw the highest growth rate of 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

The average frozen fish and seafood export price stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2019 when the average export price increased by X%. The export price peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Nigeria ($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 UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish and Seafood

Imports into Germany

Frozen fish and seafood imports into Germany fell to X tons in 2023, declining by X% on the year before. In general, imports saw a noticeable decrease. The growth pace was the most rapid in 2022 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen fish and seafood imports contracted to $X in 2023. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of frozen fish and seafood to Germany, with a X% share of total imports. Moreover, frozen fish and seafood imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), twofold. Russia (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Russia (X% per year).

In value terms, China ($X), the Netherlands ($X) and Denmark ($X) constituted the largest frozen fish and seafood suppliers to Germany, with a combined X% share of total imports. Poland, Russia, the United States, Vietnam, Spain, Sweden, India, Lithuania, Turkey and Iceland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Sweden, with a CAGR of X%, saw the highest growth rate of 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 2023, the average frozen fish and seafood import price amounted to $X per ton, with an increase of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform