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United Kingdom - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Fillet Price in the UK - 2023
Contents:
- Frozen Fish Fillet Price in the UK (CIF) - 2023
- Frozen Fish Fillet Price in the UK (FOB) - 2022
- Frozen Fish Fillet Imports in the UK
- Frozen Fish Fillet Exports in the UK
Frozen Fish Fillet Price in the UK (CIF) - 2023
In June 2023, the average frozen fish fillet import price amounted to $7,974 per ton, shrinking by -2.4% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 6% month-to-month. The import price peaked at $8,271 per ton in April 2023; however, from May 2023 to June 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($13,709 per ton), while the price for Vietnam ($5,235 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Fillet Price in the UK (FOB) - 2022
In 2022, the average frozen fish fillet export price amounted to $6,333 per ton, surging by 25% against the previous year. In general, export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish fillet export price increased by +74.7% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($17,108 per ton), while the average price for exports to Poland ($2,724 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Fillet Imports in the UK
After two years of decline, supplies from abroad of frozen fish fillet increased by 16% to 145K tons in 2022. Over the period under review, imports, however, showed a perceptible descent.
In value terms, frozen fish fillet imports soared to $1.1B in 2022. The total import value increased at an average annual rate of +2.8% over the period from 2019 to 2022; the trend pattern 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.
Import of Frozen Fish Fillet in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 292 | 268 | 202 | 274 | -2.1% |
Iceland | 191 | 189 | 187 | 204 | 2.2% |
Russia | 92.2 | 100 | 8.0 | 143 | 15.8% |
Turkey | 29.3 | 39.3 | 61.4 | 79.8 | 39.7% |
Norway | 50.1 | 35.3 | 53.4 | 75.8 | 14.8% |
Vietnam | 73.8 | 69.1 | 58.7 | 68.9 | -2.3% |
Faroe Islands | 44.8 | 44.1 | 47.3 | 54.5 | 6.8% |
United States | 27.8 | 29.3 | 17.1 | 48.3 | 20.2% |
Netherlands | 22.5 | 25.1 | 15.3 | 20.2 | -3.5% |
Poland | 21.3 | 23.2 | 16.5 | 17.3 | -6.7% |
Germany | 74.4 | 39.0 | 35.2 | 16.2 | -39.8% |
Denmark | 42.9 | 46.6 | 52.3 | 3.9 | -55.0% |
Others | 69.0 | 50.6 | 82.9 | 114 | 18.2% |
Total | 1,031 | 959 | 837 | 1,119 | 2.8% |
Top Suppliers of Frozen Fish Fillet to the UK in 2022:
- China (45.9K tons)
- Iceland (19.5K tons)
- Russia (18.1K tons)
- Vietnam (15.2K tons)
- Norway (7.8K tons)
- United States (7.6K tons)
- Turkey (6.8K tons)
- Faroe Islands (5.4K tons)
- Netherlands (2.0K tons)
- Poland (1.9K tons)
- Germany (1.6K tons)
- Denmark (0.5K tons)
Frozen Fish Fillet Exports in the UK
In 2022, after two years of decline, there was growth in overseas shipments of frozen fish fillet, when their volume increased by 3% to 9.9K tons. Overall, exports, however, recorded a deep setback.
In value terms, frozen fish fillet exports surged to $63M in 2022. In general, exports, however, faced a deep downturn.
Export of Frozen Fish Fillet in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.0 | 1.0 | 10.0 | 29.1 | 207.6% |
France | 28.3 | 26.7 | 6.5 | 6.6 | -38.4% |
Ireland | 19.0 | 16.3 | 7.6 | 6.0 | -31.9% |
Germany | 3.9 | 2.2 | 1.6 | 5.9 | 14.8% |
Netherlands | 4.8 | 4.0 | 6.0 | 3.9 | -6.7% |
Denmark | 3.6 | 3.4 | 2.4 | 1.9 | -19.2% |
Poland | 5.5 | 2.9 | 0.7 | 1.1 | -41.5% |
Spain | 4.4 | 4.2 | 1.8 | 0.7 | -45.8% |
Estonia | 2.7 | 0.2 | N/A | N/A | -92.6% |
Others | 17.8 | 11.2 | 12.2 | 7.5 | -25.0% |
Total | 90.9 | 72.2 | 48.7 | 62.6 | -11.7% |
Top Export Markets for Frozen Fish Fillet from the UK in 2022:
- United States (1.7K tons)
- Germany (1.5K tons)
- Netherlands (1.4K tons)
- France (0.9K tons)
- Ireland (0.6K tons)
- Denmark (0.5K tons)
- Poland (0.4K tons)
- Spain (0.2K tons)
This report provides an in-depth analysis of the frozen fish fillet market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201400 - Frozen fish fillets
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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