EU: Market for Fresh Or Chilled Salmonoids Fillets 2024

Market Size for Fresh Or Chilled Salmonoids Fillets in the EU

In 2023, the EU market for fresh or chilled salmonoids fillets increased by X% to $X for the first time since 2020, thus ending a two-year declining trend. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in the immediate term.

Production of Fresh Or Chilled Salmonoids Fillets in the EU

In value terms, fresh or chilled salmonoids fillets production expanded notably to $X in 2023 estimated in export price. The total production indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level in 2023 and is expected to retain growth in the immediate term.

Exports of Fresh Or Chilled Salmonoids Fillets

Exports in the EU

Fresh or chilled salmonoids fillets exports contracted markedly to X tons in 2023, waning by X% on 2022 figures. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

In value terms, fresh or chilled salmonoids fillets exports fell to $X in 2023. Overall, exports continue to indicate a slight descent. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Greece (X tons) and Spain (X tons) were the largest exporters of fresh or chilled salmonoids fillets in the European Union, together creating X% of total exports. Sweden (X tons) held the next position in the ranking, followed by the Netherlands (X tons), the Czech Republic (X tons) and Denmark (X tons). All these countries together held near X% share of total exports. Poland (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Greece ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

The Czech Republic, 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 leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, picking up by X% against the previous year. Export price indicated a remarkable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, fresh or chilled salmonoids fillets export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Imports of Fresh Or Chilled Salmonoids Fillets

Imports in the EU

In 2023, purchases abroad of fresh or chilled salmonoids fillets increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. In general, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2019 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, fresh or chilled salmonoids fillets imports skyrocketed to $X in 2023. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

In 2023, Portugal (X tons) and Italy (X tons) were the largest importers of fresh or chilled salmonoids fillets in the European Union, together resulting at approx. X% of total imports. Denmark (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Spain (X%), Poland (X%), Greece (X%) and Sweden (X%).

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest fresh or chilled salmonoids fillets importing markets in the European Union were Portugal ($X), Italy ($X) and Spain ($X), with a combined X% share of total imports. Denmark, Greece, Poland and Sweden lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, increasing by X% against the previous year. Import price indicated a strong expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, fresh or chilled salmonoids fillets import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the import price increased by X%. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Spain ($X per ton) and Greece ($X per ton), while Poland ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Greece (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform