Global Inedible Fish Products Market 2024

Inedible Fish Products Market Size

The global inedible fish products market surged to $X in 2022, with an increase of X% against the previous year. Overall, consumption enjoyed buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Inedible Fish Products Production

In value terms, inedible fish products production amounted to $X in 2022 estimated in export price. Overall, the total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, global production growth failed to regain momentum.

Inedible Fish Products Exports

Exports

Global inedible fish products exports amounted to X tons in 2022, picking up by X% compared with 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the global exports reached the peak figure in 2022 and are likely to continue growth in the near future.

In value terms, inedible fish products exports expanded notably to $X in 2022. Overall, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The global exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Poland (X tons), distantly followed by Norway (X tons), Iceland (X tons), Germany (X tons), Vietnam (X tons), Sweden (X tons) and the Netherlands (X tons) represented the major exporters of inedible fish products, together constituting X% of total exports. Morocco (X tons), Canada (X tons), South Korea (X tons), the United States (X tons), Lithuania (X tons) and Free Zones (X tons) held a relatively small share of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Germany (X%), Morocco (X%), Lithuania (X%), Iceland (X%), Canada (X%), South Korea (X%) and Norway (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Sweden experienced a relatively flat trend pattern. By contrast, Free Zones (X%), the Netherlands (X%) and the United States (X%) illustrated a downward trend over the same period. Poland (X p.p.), Vietnam (X p.p.), Germany (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the global exports, while Free Zones, Sweden, the United States, Norway and the Netherlands saw its share reduced by X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest inedible fish products supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and Germany (X% per year).

Export Prices by Country

The average inedible fish products export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

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

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

Inedible Fish Products Imports

Imports

In 2022, global imports of inedible fish products reduced slightly to X tons, dropping by X% against 2021. The total import volume 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, global imports reached the peak figure at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, inedible fish products imports expanded notably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Denmark represented the major importing country with an import of about X tons, which resulted at X% of total imports. Germany (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Norway (X%), the United States (X%), Ecuador (X%), Iceland (X%) and Canada (X%). France (X tons), Spain (X tons), Japan (X tons) and Thailand (X tons) followed a long way behind the leaders.

Denmark experienced a relatively flat trend pattern with regard to volume of imports of inedible fish products. At the same time, Thailand (X%), Norway (X%), France (X%), the United States (X%), Ecuador (X%), Germany (X%), Canada (X%), Iceland (X%) and Spain (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway, Germany, the United States, Ecuador and France 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, the United States ($X), Canada ($X) and Denmark ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of global imports. Norway, Japan, France, Germany, Ecuador, Thailand, Iceland and Spain lagged somewhat behind, together comprising a further X%.

France, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average inedible fish products import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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