Global Inedible Fish Products Market 2024

Inedible Fish Products Market Size

The global inedible fish products market dropped significantly to $X in 2023, with a decrease of X% against the previous year. Overall, consumption, however, enjoyed perceptible growth. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Inedible Fish Products Production

In value terms, inedible fish products production shrank sharply to $X in 2023 estimated in export price. Over the period under review, production, however, showed a noticeable expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Inedible Fish Products Exports

Exports

Global inedible fish products exports skyrocketed to X tons in 2023, with an increase of X% compared with the previous year's figure. Overall, total exports indicated a resilient increase from 2012 to 2023: its volume 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. Based on 2023 figures, exports increased by X% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, inedible fish products exports stood at $X in 2023. Over the period under review, total exports indicated a strong increase 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. Based on 2023 figures, exports increased by X% against 2012 indices. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The global exports peaked in 2023 and are expected to retain growth in years to come.

Exports by Country

Poland was the largest exporter of inedible fish products in the world, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2023. It was distantly followed by Norway (X tons), mixing up a X% share of total exports. Sweden (X tons), Germany (X tons), the Netherlands (X tons), Iceland (X tons), Morocco (X tons), Denmark (X tons), Vietnam (X tons), Canada (X tons) and South Korea (X tons) held a relatively small share of total exports.

Poland was also the fastest-growing in terms of the inedible fish products exports, with a CAGR of X% from 2012 to 2023. At the same time, Denmark (X%), Germany (X%), Morocco (X%), Vietnam (X%), South Korea (X%), the Netherlands (X%) and Norway (X%) displayed positive paces of growth. Sweden and Canada experienced a relatively flat trend pattern. By contrast, Iceland (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Germany (X p.p.) and Denmark (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Canada (X p.p.), the Netherlands (X p.p.), Sweden (X p.p.), Iceland (X p.p.) and Norway (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest inedible fish products supplying countries worldwide were Poland ($X), Germany ($X) and Denmark ($X), together accounting for X% of global exports.

Poland, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

The average inedible fish products export price stood at $X per ton in 2023, falling by X% against the previous year. Overall, the export price saw a pronounced slump. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2023, the average export prices remained at a somewhat lower figure.

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

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

Inedible Fish Products Imports

Imports

Global inedible fish products imports stood at X tons in 2023, almost unchanged from the year before. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Global imports peaked at X tons in 2016; however, from 2017 to 2023, imports failed to regain momentum.

In value terms, inedible fish products imports dropped modestly to $X in 2023. The total import 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 pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Global imports peaked at $X in 2022, and then fell in the following year.

Imports by Country

Denmark was the major importing country with an import of around X tons, which finished at X% of total imports. Germany (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United States (X%), Norway (X%), Iceland (X%) and Spain (X%). Ecuador (X tons), France (X tons), Canada (X tons), Japan (X tons) and Australia (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to inedible fish products imports into Denmark stood at X%. At the same time, Norway (X%), the United States (X%), France (X%), Germany (X%), Spain (X%), Ecuador (X%) and Iceland (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Canada experienced a relatively flat trend pattern. By contrast, Australia (X%) and Japan (X%) illustrated a downward trend over the same period. Norway (X p.p.), the United States (X p.p.), Germany (X p.p.) and France (X p.p.) significantly strengthened its position in terms of the global imports, while Australia, Denmark and Japan saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest inedible fish products importing markets worldwide were Denmark ($X), the United States ($X) and Canada ($X), with a combined X% share of global imports. Germany, Spain, Japan, France, Iceland, Norway, Ecuador and Australia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

In 2023, the average inedible fish products import price amounted to $X per ton, shrinking 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 2022 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per ton), while Denmark ($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 global leaders experienced more modest paces of growth.

Source: IndexBox Platform