Price for Fish Meal; Fit for Human Consumption in Ireland - 2022

Contents:

1. Price for Fish Meal; Fit for Human Consumption in Ireland (FOB) - 2022
2. Price for Fish Meal; Fit for Human Consumption in Ireland (CIF) - 2022
3. Exports of Fish Meal; Fit for Human Consumption in Ireland
4. Imports of Fish Meal; Fit for Human Consumption in Ireland

Price for Fish Meal; Fit for Human Consumption in Ireland (FOB) - 2022

The average export price for fish meal; fit for human consumptia stood at $1,790 per ton in 2022, waning by -83.7% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 383% against the previous year. As a result, the export price reached the peak level of $11,009 per ton, and then dropped dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +60.3% per year.

Price for Fish Meal; Fit for Human Consumption in Ireland (CIF) - 2022

In 2022, the average import price for fish meal; fit for human consumptia amounted to $6,553 per ton, reducing by -1.8% against the previous year. Overall, the import price, however, posted a pronounced expansion. The most prominent rate of growth was recorded in 2019 an increase of 63% against the previous year. Over the period under review, average import prices attained the peak figure at $6,672 per ton in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($10,877 per ton), while the price for Germany ($5,474 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fish Meal; Fit for Human Consumption in Ireland

In 2022, approx. 80 tons of fish meal; fit for human consumptia were exported from Ireland; rising by 232% against the year before. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of fish meal; fit for human consumptia dropped sharply to $143K in 2022. In general, exports enjoyed a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,135%. As a result, the exports attained the peak of $264K, and then declined notably in the following year.

Top Export Markets for Fish Meal; Fit for Human Consumption from Ireland in 2022:

1. United States (79.9 tons)

Imports of Fish Meal; Fit for Human Consumption in Ireland

In 2022, the amount of fish meal; fit for human consumptia imported into Ireland surged to 8.4 tons, increasing by 145% against the previous year. In general, imports continue to indicate strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 176% against the previous year. As a result, imports attained the peak of 14 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of fish meal; fit for human consumptia skyrocketed to $55K in 2022. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 249% against the previous year. As a result, imports attained the peak of $87K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Fish Meal; Fit for Human Consumption to Ireland in 2022:

1. United Kingdom (5.4 tons)
2. Germany (2.6 tons)
3. Lithuania (0.3 tons)

Source: IndexBox Market Intelligence Platform