Malta: Market for Frozen Fish And Seafood 2019

Market Size for Frozen Fish And Seafood in Malta

The revenue of the frozen fish and seafood market in Malta amounted to $X in 2018, therefore, remained relatively stable against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, frozen fish and seafood consumption, however, continues to indicate remarkable growth. The pace of growth was the most pronounced in 2017 with an increase of X% year-to-year. In that year, the frozen fish and seafood market reached its peak level of $X, leveling off in the following year.

Exports of Frozen Fish And Seafood

Exports from Malta

In 2018, the amount of frozen fish and seafood exported from Malta stood at X tons, jumping by X% against the previous year. Over the period under review, frozen fish and seafood exports, however, continue to indicate an abrupt downturn. The most prominent rate of growth was recorded in 2012 with an increase of X% against the previous year. Over the period under review, frozen fish and seafood exports reached their maximum at X tons in 2008; however, from 2009 to 2018, exports remained at a lower figure.

In value terms, frozen fish and seafood exports amounted to $X in 2018. Over the period under review, frozen fish and seafood exports, however, continue to indicate a deep descent. The most prominent rate of growth was recorded in 2014 with an increase of X% y-o-y. Malta exports peaked at $X in 2008; however, from 2009 to 2018, exports stood at a somewhat lower figure.

Exports by Country

In 2018, China (X tons), distantly followed by Russia (X tons), the U.S. (X tons), Norway (X tons) and the Netherlands (X tons) represented the major exporters of frozen fish and seafood, together creating X% of total exports. The following exporters - Taiwan, Chinese (X tons), Japan (X tons), Spain (X tons), India (X tons), Chile (X tons), Germany (X tons) and Namibia (X tons) - together made up X% of total exports.

China was also the fastest-growing in terms of the frozen fish and seafood exports, with a CAGR of +X% from 2007 to 2018. At the same time, Germany (+X%), India (+X%), Namibia (+X%), Russia (+X%), the Netherlands (+X%), Taiwan, Chinese (+X%) and the U.S. (+X%) displayed positive paces of growth. Japan, Spain, Norway and Chile experienced a relatively flat trend pattern. From 2007 to 2018, the share of China, Russia, the Netherlands and Germany increased by +X%, +X%, +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest frozen fish and seafood supplier from Malta, comprising X% of global exports. The second position in the ranking was occupied by Russia ($X), with a X% share of global exports. It was followed by the U.S., with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at +X%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The frozen fish and seafood export price in Malta stood at $X per ton in 2018, declining by -X% against the previous year. Over the period under review, the frozen fish and seafood export price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2013 when the export price increased by X% y-o-y. Malta export price peaked at $X per ton in 2017, and then declined slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was China ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports into Malta

In 2018, approx. X tons of frozen fish and seafood were imported into Malta; lowering by -X% against the previous year. In general, frozen fish and seafood imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2012 when imports increased by X% year-to-year. Over the period under review, frozen fish and seafood imports attained their peak figure at X tons in 2017, and then declined slightly in the following year.

In value terms, frozen fish and seafood imports stood at $X in 2018. Over the period under review, frozen fish and seafood imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, frozen fish and seafood imports attained their maximum in 2018 and are expected to retain its growth in the near future.

Imports by Country

In 2018, China (X tons), Japan (X tons) and Thailand (X tons) represented the major importers of frozen fish and seafood in the world, mixing up X% of total import. It was distantly followed by South Korea (X tons), committing a X% share of total imports. Vietnam (X tons), Nigeria (X tons), Spain (X tons), the Netherlands (X tons), Germany (X tons), Cameroon (X tons), Ukraine (X tons) and the Philippines (X tons) occupied a little share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Vietnam, while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported frozen fish and seafood into Malta, comprising X% of global imports. The second position in the ranking was occupied by China ($X), with a X% share of global imports. It was followed by Thailand, with a X% share.

In Japan, frozen fish and seafood imports increased at an average annual rate of +X% over the period from 2007-2018. In the other countries, the average annual rates were as follows: China (+X% per year) and Thailand (+X% per year).

Import Prices by Country

In 2018, the frozen fish and seafood import price in Malta amounted to $X per ton, increasing by X% against the previous year. In general, the frozen fish and seafood import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the import price increased by X% year-to-year. In that year, the import prices for frozen fish and seafood attained their peak level of $X per ton. From 2012 to 2018, the growth in terms of the import prices for frozen fish and seafood remained at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the Philippines, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform