Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in the UK - 2023
Contents:
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in the UK (CIF) - 2023
- Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in the UK (FOB) - 2023
- Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in the UK
- Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in the UK
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in the UK (CIF) - 2023
The average import price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s stood at $8,411 per ton in December 2023, growing by 1.5% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 9.4% against the previous month. As a result, import price reached the peak level of $9,984 per ton. From May 2023 to December 2023, the average import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In December 2023, the highest price was recorded for prices from Poland ($9,886 per ton) and Iceland ($9,833 per ton), while the price for Russia ($7,038 per ton) and China ($7,585 per ton) were amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Poland (-0.3%), while the prices for the other major suppliers experienced a decline.
Price for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in the UK (FOB) - 2023
The average export price for fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s stood at $6,235 per ton in December 2023, rising by 19% against the previous month. In general, the export price, however, showed a perceptible decline. The growth pace was the most rapid in February 2023 when the average export price increased by 36% against the previous month. As a result, the export price reached the peak level of $13,507 per ton. From March 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Turkey ($12,333 per ton), while the average price for exports to China ($2,197 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in the UK
In 2022, overseas purchases of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s increased by 7.2% to 64K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a deep reduction.
In value terms, imports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s soared to $568M in 2022. In general, imports, however, showed a relatively flat trend pattern.
| Import of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 159 | 144 | 108 | 138 | -4.6% |
| Iceland | 135 | 138 | 129 | 134 | -0.2% |
| Russia | 69.3 | 72.7 | 6.3 | 114 | 18.0% |
| Faroe Islands | 39.9 | 40.1 | 40.7 | 46.5 | 5.2% |
| Norway | 34.8 | 24.4 | 37.9 | 41.0 | 5.6% |
| Greenland | 2.7 | 15.3 | 23.2 | 32.6 | 129.4% |
| Germany | 61.7 | 24.9 | 29.7 | 15.4 | -37.0% |
| Denmark | 29.6 | 32.2 | 41.4 | 3.4 | -51.4% |
| Vietnam | 14.6 | 18.1 | 2.2 | 1.5 | -53.2% |
| Others | 29.9 | 31.1 | 28.3 | 42.6 | 12.5% |
| Total | 577 | 540 | 446 | 568 | -0.5% |
Top Suppliers of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) to the UK in 2022:
- China (18.9K tons)
- Russia (13.2K tons)
- Iceland (12.5K tons)
- Faroe Islands (4.2K tons)
- Norway (4.2K tons)
- Greenland (3.5K tons)
- Germany (1.5K tons)
- Denmark (0.5K tons)
- Vietnam (0.2K tons)
Exports of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in the UK
In 2022, exports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s from the UK shrank markedly to 1.1K tons, with a decrease of -42.3% on the previous year's figure. Over the period under review, exports showed a precipitous slump. The smallest decline of -30.8% was in 2020.
In value terms, exports of fish fillets; frozen, cod (gadus morhua, gadus ogac, gadus macrocephalus)s shrank significantly to $8.7M in 2022. In general, exports continue to indicate a sharp shrinkage. The smallest decline of -18.3% was in 2020.
| Export of Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 12.6 | 10.1 | 4.8 | 3.7 | -33.5% |
| France | 3.9 | 2.8 | 2.2 | 1.9 | -21.3% |
| Portugal | 2.0 | 0.6 | 0.4 | 0.5 | -37.0% |
| China | 0.8 | 1.1 | 0.1 | 0.4 | -20.6% |
| Spain | 3.7 | 3.4 | 1.5 | 0.3 | -56.7% |
| Netherlands | 1.3 | 0.7 | 2.0 | 0.2 | -46.4% |
| Norway | N/A | 1.0 | N/A | 0.2 | -55.3% |
| Denmark | 1.0 | 1.3 | 0.2 | N/A | -55.3% |
| Others | 2.6 | 1.8 | 1.8 | 1.5 | -16.8% |
| Total | 28.0 | 22.8 | 13.0 | 8.7 | -32.3% |
Top Export Markets for Fish Fillets; Frozen, Cod (Gadus Morhua, Gadus Ogac, Gadus Macrocephalus) from the UK in 2022:
- Ireland (339.5 tons)
- France (245.9 tons)
- Portugal (122.8 tons)
- China (56.1 tons)
- Norway (46.9 tons)
- Spain (39.9 tons)
- Netherlands (32.4 tons)
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