European Imports of Dried or Smoked Fish Dwindle - Global Trade Magazine
  September 25th, 2021 | Written by

European Imports of Dried or Smoked Fish Dwindle

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IndexBox has just published a new report: ‘EU – Dried Or Smoked Fish – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

European imports of dried or smoked fish reduced by 5% y-o-y to 338K tonnes in 2020, continuing its downward trend over the past three years. In value terms, imports declined to $3.3B. Germany, Portugal, Italy, Sweden, Spain and France constitute the largest importers of dried or smoked fish in the EU, accounting for 83% of the total figure. Spain, France, Portugal and Italy saw significant drops in purchases from abroad last year, while Germany, Sweden and Denmark managed to boost their imports. The dried or smoked fish import price in the EU declined by -2.3% against the previous year.

European Imports of Dried or Smoked Fish by Country

For the fourth consecutive year, the EU recorded a decline in purchases abroad of dried or smoked fish, which decreased by -4.9% y-o-y to 338K tonnes in 2020. In value terms, dried or smoked fish imports declined to $3.3B (IndexBox estimates) in 2020.

Germany (76K tonnes), Portugal (56K tonnes), Italy (46K tonnes), Sweden (44K tonnes), Spain (30K tonnes) and France (28K tonnes) represented roughly 83% of total imports of dried or smoked fish in 2020. Denmark (12K tonnes) followed a long way behind the leaders.

Last year, Spain (-18% y-o-y), France (-11% y-o-y), Portugal (-10% y-o-y) and Italy (-2% y-o-y) experienced the most prominent drops in import in physical terms. By contrast, Germany (+0.4% y-o-y), Sweden (+3% y-o-y) and Denmark (+3% y-o-y) slightly increased the volume of purchases.

In value terms, the largest dried or smoked fish importing markets in the EU were Germany ($986M), Italy ($528M) and Portugal ($424M), with a combined 59% share of total imports.

The dried or smoked fish import price in the EU stood at $9,712 per tonne in 2020, declining by -2.3% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Germany ($12,969 per tonne), while Spain ($7,052 per tonne) was amongst the lowest. In 2020, the most notable rate of growth in terms of prices was attained by Spain, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform