Europe: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Europe

The Europe market for frozen, dried and smoked fish was estimated at $X in 2023, flattening at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Frozen, Dried And Smoked Fish in Europe

In value terms, frozen, dried and smoked fish production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports in Europe

In 2023, frozen, dried and smoked fish exports in Europe shrank slightly to X tons, dropping by X% against 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X%. As a result, the exports reached the peak of X tons. From 2021 to 2023, the growth of the exports remained at a lower figure.

In value terms, frozen, dried and smoked fish exports reached $X in 2023. The total export 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. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Exports by Country

In 2023, Russia (X tons), distantly followed by Norway (X tons), the Netherlands (X tons) and Spain (X tons) represented the largest exporters of frozen, dried and smoked fish, together making up X% of total exports. Denmark (X tons), Germany (X tons), Iceland (X tons), Faroe Islands (X tons), Poland (X tons), the UK (X tons), Sweden (X tons) and Portugal (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen, dried and smoked fish supplying countries in Europe were Russia ($X), Norway ($X) and the Netherlands ($X), with a combined X% share of total exports. Poland, Denmark, Spain, Germany, Iceland, Sweden, Portugal, the UK and Faroe Islands lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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 Europe amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Faroe Islands ($X per ton) was amongst the lowest.

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

Imports of Frozen, Dried And Smoked Fish

Imports in Europe

In 2023, the amount of frozen, dried and smoked fish imported in Europe dropped modestly to X tons, therefore, remained relatively stable against 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, frozen, dried and smoked fish imports declined modestly to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank slightly in the following year.

Imports by Country

The countries with the highest levels of frozen, dried and smoked fish imports in 2023 were the Netherlands (X tons), Spain (X tons), Germany (X tons), France (X tons), Poland (X tons), Russia (X tons), Italy (X tons), Ukraine (X tons), the UK (X tons), Portugal (X tons), Denmark (X tons) and Sweden (X tons), together recording X% of total import.

From 2012 to 2023, the biggest increases were recorded for Denmark (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen, dried and smoked fish importing markets in Europe were Germany ($X), Spain ($X) and the Netherlands ($X), together comprising X% of total imports. France, Italy, the UK, Denmark, Portugal, Russia, Poland, Sweden and Ukraine lagged somewhat behind, together accounting for a further X%.

Denmark, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Europe amounted to $X per ton, almost unchanged from the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, leveling off in the following year.

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

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

Source: IndexBox Platform