Netherlands: Market for Fish Fats And Oils 2023

Market Size for Fish Fats And Oils in the Netherlands

For the tenth consecutive year, the Dutch fish fat and oil market recorded growth in sales value, which increased by 33% to $X in 2021. Over the period under review, consumption enjoyed significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Fish Fats And Oils in the Netherlands

In value terms, fish fat and oil production skyrocketed to $X in 2021 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -21.4% against 2019 indices. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Fish Fats And Oils

Exports from the Netherlands

Fish fat and oil exports from the Netherlands soared to X tons in 2021, growing by 44% compared with the year before. Over the period under review, total exports indicated a significant increase from 2020 to 2021: its volume increased at an average annual rate of +44.3% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, fish fat and oil exports soared to $X in 2021. The total export value increased at an average annual rate of +22.2% from 2020 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Belgium (X tons), France (X tons) and Spain (X tons) were the main destinations of fish fat and oil exports from the Netherlands, with a combined 66% share of total exports.

From 2020 to 2021, the biggest increases were recorded for Spain (with a CAGR of +414.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and the UK ($X) appeared to be the largest markets for fish fat and oil exported from the Netherlands worldwide, with a combined 47% share of total exports. Germany, Italy, the Czech Republic, Spain and Austria lagged somewhat behind, together accounting for a further 26%.

Among the main countries of destination, Spain, with a CAGR of +306.1%, 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

The average fish fat and oil export price stood at $X per ton in 2021, with a decrease of -15.4% against the previous year. In general, the export price showed a abrupt curtailment. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+55.3%), while the prices for the other major destinations experienced a decline.

Imports of Fish Fats And Oils

Imports into the Netherlands

Fish fat and oil imports into the Netherlands skyrocketed to X tons in 2021, rising by 46% on the year before. In general, total imports indicated a significant expansion from 2020 to 2021: its volume increased at an average annual rate of +46.2% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fish fat and oil imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +28.4% from 2020 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Norway (X tons), Morocco (X tons) and the UK (X tons) were the main suppliers of fish fat and oil imports to the Netherlands, with a combined 52% share of total imports. Peru, France, Denmark, Germany, Canada, China, Belgium, Latvia and Japan lagged somewhat behind, together accounting for a further 43%.

From 2020 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +439.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fish fat and oil suppliers to the Netherlands were Canada ($X), Peru ($X) and Norway ($X), with a combined 32% share of total imports. These countries were followed by Japan, Morocco, the UK, France, Germany, China, Denmark, Belgium and Latvia, which together accounted for a further 54%.

Among the main suppliers, Germany, with a CAGR of +703.0%, 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

The average fish fat and oil import price stood at $X per ton in 2021, dropping by -12.2% against the previous year. Overall, the import price showed a drastic downturn. The import price peaked at $X per ton in 2020, and then declined in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+99.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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