Overview of the Global Market for Fresh Or Chilled Anchovies

Market Size for Fresh Or Chilled Anchovies

In 2022, the global fresh or chilled anchovies market increased by X% to $X, rising for the second consecutive year after three years of decline. Overall, consumption, however, saw a noticeable downturn. Global consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Fresh Or Chilled Anchovies

In value terms, fresh or chilled anchovies production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. Global production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Fresh Or Chilled Anchovies

Exports

In 2022, global exports of fresh or chilled anchovieses declined notably to X tons, dropping by X% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The global exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, fresh or chilled anchovies exports declined significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The global exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Peru (X tons) represented the largest exporter of fresh or chilled anchovieses, generating X% of total exports. Italy (X tons) took the second position in the ranking, followed by Spain (X tons), Portugal (X tons) and Croatia (X tons). All these countries together held approx. X% share of total exports. The following exporters - Myanmar (X tons) and Greece (X tons) - each reached a X% share of total exports.

Peru was also the fastest-growing in terms of the fresh or chilled anchovieses exports, with a CAGR of X% from 2012 to 2022. At the same time, Myanmar (X%), Portugal (X%), Spain (X%) and Croatia (X%) displayed positive paces of growth. By contrast, Italy (X%) and Greece (X%) illustrated a downward trend over the same period. While the share of Peru (X p.p.), Portugal (X p.p.), Spain (X p.p.) and Myanmar (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Greece (X p.p.), Croatia (X p.p.) and Italy (X p.p.) displayed negative dynamics.

In value terms, the largest fresh or chilled anchovies supplying countries worldwide were Italy ($X), Portugal ($X) and Spain ($X), together comprising X% of global exports. Croatia, Peru, Myanmar and Greece lagged somewhat behind, together comprising a further X%.

Peru, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average fresh or chilled anchovies export price stood at $X per ton in 2022, leveling off at the previous year. Over the period under review, the export price, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Portugal ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other global leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Anchovies

Imports

In 2022, purchases abroad of fresh or chilled anchovieses increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Global imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled anchovies imports fell notably to $X in 2022. In general, imports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Global imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Ecuador represented the main importer of fresh or chilled anchovieses in the world, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Spain (X tons), Italy (X tons) and Croatia (X tons), together making up a X% share of total imports. Morocco (X tons), France (X tons), Bosnia and Herzegovina (X tons), Germany (X tons), the United States (X tons), the Netherlands (X tons) and Albania (X tons) followed a long way behind the leaders.

Imports into Ecuador increased at an average annual rate of X% from 2012 to 2022. At the same time, the United States (X%), Croatia (X%), Albania (X%), the Netherlands (X%), Bosnia and Herzegovina (X%), Germany (X%) and France (X%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Italy (X%), Spain (X%) and Morocco (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Ecuador, Croatia, Morocco, the United States and Bosnia and Herzegovina increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) constitutes the largest market for imported fresh or chilled anchovieses worldwide, comprising X% of global imports. The second position in the ranking was taken by Italy ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Spain amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and France (X% per year).

Import Prices by Country

The average fresh or chilled anchovies import price stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the import price recorded a noticeable slump. The growth pace was the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bosnia and Herzegovina (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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