United Kingdom: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in the UK

The UK frozen crustaceans market dropped to $X in 2023, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Frozen crustaceans consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Frozen Crustaceans Production in the UK

In value terms, frozen crustaceans production stood at $X in 2023 estimated in export price. Over the period under review, the total production indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Frozen Crustaceans Exports

Exports from the UK

For the seventh year in a row, the UK recorded decline in overseas shipments of frozen crustaceans, which decreased by X% to X tons in 2023. Overall, exports recorded a deep setback. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, frozen crustaceans exports dropped to $X in 2023. In general, exports recorded a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X%. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for frozen crustaceans exports from the UK, with a X% share of total exports. Moreover, frozen crustaceans exports to France exceeded the volume sent to the second major destination, Spain (X tons), threefold. China (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 France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and China (X% per year).

In value terms, France ($X) remains the key foreign market for frozen crustaceans exports from the UK, comprising X% of total exports. The second position in the ranking was held by Italy ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2023, the average annual growth rate of value to France totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Spain (X% per year).

Export Prices by Country

In 2023, the average frozen crustaceans export price amounted to $X per ton, dropping by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then fell in the following year.

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

Frozen Crustaceans Imports

Imports into the UK

In 2023, the amount of frozen crustaceans imported into the UK rose to X tons, increasing by X% against the year before. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, frozen crustaceans imports contracted to $X in 2023. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), Ecuador (X tons) and Vietnam (X tons) were the main suppliers of frozen crustaceans imports to the UK, with a combined X% share of total imports. Honduras, Bangladesh, Canada, Nicaragua, Thailand and Denmark lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest frozen crustaceans suppliers to the UK were India ($X), Vietnam ($X) and Ecuador ($X), together comprising X% of total imports. Bangladesh, Honduras, Canada, Nicaragua, Thailand and Denmark lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Canada, 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

The average frozen crustaceans import price stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2023, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform