United Kingdom: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in the UK

The UK frozen atlantic halibut market dropped dramatically to $X in 2019, falling by -X% against the previous year. In general, consumption showed a significant contraction. The growth pace was the most rapid in 2008 when the market value decreased by -X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Frozen Atlantic Halibut Production in the UK

In value terms, frozen atlantic halibut production soared to $X in 2020 estimated in export prices. In general, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% y-o-y. Over the period under review, production attained the maximum level in 2020 and is expected to retain growth in years to come.

Frozen Atlantic Halibut Exports

Exports from the UK

In 2020, the amount of frozen atlantic halibut exported from the UK soared to X tons, rising by X% compared with 2019 figures. Over the period under review, exports, however, recorded a slight slump. The pace of growth was the most pronounced in 2017 when exports increased by X% y-o-y. Exports peaked at X tons in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, frozen atlantic halibut exports surged to $X in 2020. Overall, exports, however, posted mild growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for frozen atlantic halibut exports from the UK, accounting for a X% share of total exports. Moreover, frozen atlantic halibut exports to the Netherlands exceeded the volume sent to the second major destination, China (X tons), more than tenfold. The third position in this ranking was occupied by Belgium (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to the Netherlands stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Belgium (+X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for frozen atlantic halibut exports from the UK, comprising X% of total exports. The second position in the ranking was occupied by Belgium ($X), with a X% share of total exports. It was followed by Poland, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to the Netherlands amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+X% per year) and Poland (-X% per year).

Export Prices by Country

In 2020, the average frozen atlantic halibut export price amounted to $X per ton, picking up by X% against the previous year. Overall, export price indicated perceptible growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen atlantic halibut export price increased by +X% against 2017 indices. Over the period under review, average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Belgium ($X per ton), while the average price for exports to Ireland ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced mixed trend patterns.

Frozen Atlantic Halibut Imports

Imports into the UK

In 2020, the amount of frozen atlantic halibut imported into the UK fell rapidly to X tons, shrinking by -X% compared with the year before. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Imports peaked at X tons in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut imports declined markedly to $X in 2020. Over the period under review, imports faced a deep reduction. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

Faroe Islands (X tons), Norway (X tons) and Portugal (X tons) were the main suppliers of frozen atlantic halibut imports to the UK, together comprising X% of total imports. Greece and Iceland lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece, while imports for the other leaders experienced a decline.

In value terms, the largest frozen atlantic halibut suppliers to the UK were Portugal ($X), Faroe Islands ($X) and Norway ($X), together comprising X% of total imports. Iceland and Greece lagged somewhat behind, together accounting for a further X recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2020, the average frozen atlantic halibut import price amounted to $X per ton, leveling off at the previous year. In general, import price indicated a slight increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen atlantic halibut import price decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. The import price peaked at $X per ton in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Portugal ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Portugal, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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