European Fish Fat and Oil Exports Surge with Growing Supplies from Denmark
IndexBox has just published a new report: ‘EU – Fish Fats And Oils – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.
European fish fat and oil exports increased by +23% y-o-y to $541M in 2020. In physical terms, exports rose +12% y-o-y to 251K tonnes. Denmark remains the most significant European fish fat supplier, accounting for 60% of total export volume in the EU, followed by France and the Netherlands. All these countries increased their export value last year. The average fish fat and oil export price in the EU spiked by +10% y-o-y to $2,155 per tonne in 2020.
European Fish Fat and Oil Exports
Fish fat and oil exports expanded remarkably to 251K tonnes in 2020, picking up by +12% compared with the previous year’s figure. In value terms, fish fat and oil exports skyrocketed by +23.4% y-o-y to $541M (IndexBox estimates) in 2020.
In 2020, Denmark (150K tonnes) represented the largest exporter of fish fats and oils, constituting 60% of total exports. France (26K tonnes) held an 11% share (based on tonnes) of total exports, which put it in second place, followed by the Netherlands (8.6%), Germany (6.3%) and Spain (4.7%). The following exporters – Latvia (8.4K tonnes) and Poland (6.4K tonnes) – each accounted for a 5.9% share of total exports.
In value terms, Denmark ($297M) remains the most prominent fish fat and oil supplier in the EU, comprising 55% of total exports. The second position in the ranking was occupied by the Netherlands ($69M), with a 13% share, followed by France, with a 10% share.
In Denmark, fish fat and oil exports increased by +21.8% y-o-y in 2020. Exports from the Netherlands jumped by +64.0% y-o-y, while France recorded a +12.7%-increase in exports.
In 2020, the average export price for fish fat and oil in the EU grew by 10% y-o-y to $2,155 per tonne. Prices varied noticeably by the country of origin; the country with the highest price was the Netherlands ($3,194 per tonne), while Latvia ($1,057 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Denmark, while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform