Trending Now

Virginia and Baltimore Companies Unite to Solve Shipping…

New Articles

European Fish Fat and Oil Exports Surge with Growing Supplies from Denmark

fish
Archives, EU Trade, Global Trade Daily

European Fish Fat and Oil Exports Surge with Growing Supplies from Denmark

Leave a comment

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

fish
Archives, Global Trade Daily, News

American Frozen Fish Meat Exports Slump on Falling Demand from Japan

Leave a comment

IndexBox has just published a new report: ‘U.S. – Frozen Fish Meat – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

American frozen fish meat exports dropped from $602M in 2019 to $518M in 2020 amid the declining demand from Japan and South Korea. In physical terms, exports shrank by -9.5% y-o-y to 198K tonnes. South Korea, Japan and France constitute the leading importers, accounting for 65% of American frozen fish meat exports. The average export price for frozen fish meat from the U.S. decreased by -4.8% y-o-y to $2,623 per tonne in 2020.

American Frozen Fish Meat Exports by Country

In 2020, frozen fish meat exports from the U.S. declined to 198K tonnes, reducing by -9.5% against the year before. In value terms, frozen fish meat exports shrank from $602M in 2019 to $518M (IndexBox estimates) in 2020.

South Korea (61K tonnes), Japan (51K tonnes) and France (17K tonnes) were the main destinations of frozen fish meat exports from the U.S., with a combined 65% share of total exports. The Netherlands, Spain, Lithuania and Canada lagged somewhat behind, together accounting for a further 24%.

American supplies to Japan dropped from 75K tonnes to 51K tonnes last year. Exports to South Korea reduced from 68K tonnes to 61K tonnes. By contrast, frozen fish meat exports to the Netherlands increased by +50%, reaching 14K tonnes in 2020.

In value terms, the largest markets for frozen fish meat exported from the U.S. were South Korea ($162M), Japan ($128M) and France ($45M), with a combined 65% share of total exports. These countries were followed by Spain, Lithuania, the Netherlands and Canada, which together accounted for a further 25%.

The average export price for frozen fish meat stood at $2,623 per tonne in 2020, shrinking by -4.8% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Canada ($3,563 per tonne), while the average price for exports to the Netherlands ($2,330 per tonne) was amongst the lowest. In 2020, the most notable growth rate in terms of prices was recorded for supplies to France, while the prices for the other significant destinations experienced mixed trend patterns.

Source: IndexBox Platform

fish
Archives, Global Trade Daily, News

European Imports of Dried or Smoked Fish Dwindle

Leave a comment

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

frozen fish
Archives, Global Trade Daily, News

Global Frozen Fish Market – China Holds 17 Percent of World Exports, with $7.6B in 2018

Leave a comment

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

The global frozen fish market revenue amounted to $118.3B in 2018, rising by 6.6% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2014 to 2018.

Driven by increasing demand for frozen fish worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.8% for the period from 2018 to 2030, which is projected to bring the market volume to 43M tonnes by the end of 2030.

Frozen Fish Trade 2014-2018

In 2018, the global exports of frozen fish amounted to 17M tonnes, increasing by 6.5% against the previous year. The total export volume increased at an average annual rate of +2.8% from 2014 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 7.1% year-to-year. Over the period under review, global frozen fish exports reached their maximum in 2018 and are likely to continue its growth in the near future.

In value terms, frozen fish exports stood at $43.9B (IndexBox estimates) in 2018.

Exports by Country

The exports of the twelve major exporters of frozen fish, namely China, Russia, the U.S., Viet Nam, Norway, the Netherlands, Chile, Taiwan, Chinese, Japan, Spain, Namibia and India, represented more than half of total export.

From 2014 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by India, while exports for the other global leaders experienced more modest paces of growth.

In value terms, China ($7.6B) remains the largest frozen fish supplier worldwide, comprising 17% of global exports. The second position in the ranking was occupied by the U.S. ($3.6B), with a 8.2% share of global exports. It was followed by Russia, with a 6.7% share.

Export Prices by Country

In 2018, the average frozen fish export price amounted to $2,574 per tonne, increasing by 2.9% against the previous year. Over the period under review, the frozen fish export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 2.9% y-o-y. Over the period under review, the average export prices for frozen fish attained their maximum at $2,628 per tonne in 2014; afterwards, it flattened through to 2018.

Prices varied noticeably by the country of origin; the country with the highest price was Chile ($5,059 per tonne), while Namibia ($1,334 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.

Imports by Country

In 2018, China (2.2M tonnes), followed by Thailand (1.4M tonnes), Japan (1.4M tonnes), the U.S. (1M tonnes) and South Korea (0.9M tonnes) were the largest importers of frozen fish, together making up 40% of total imports. The following importers – Viet Nam (706K tonnes), Nigeria (581K tonnes), Spain (515K tonnes), the Netherlands (470K tonnes), Germany (436K tonnes), Cameroon (404K tonnes) and Russia (371K tonnes) – together made up 20% of total imports.

From 2014 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Viet Nam, while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest frozen fish importing markets worldwide were Japan ($6B), the U.S. ($5B) and China ($4B), together comprising 34% of global imports. Thailand, South Korea, Viet Nam, Germany, Spain, the Netherlands, Russia, Nigeria and Cameroon lagged somewhat behind, together accounting for a further 29%.

Import Prices by Country

The average frozen fish import price stood at $2,582 per tonne in 2018, picking up by 2.2% against the previous year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($5,112 per tonne), while Nigeria ($839 per tonne) was amongst the lowest.

From 2014 to 2018, the most notable rate of growth in terms of prices was attained by Russia, while the other global leaders experienced more modest paces of growth.

Source: IndexBox AI Platform

africa
Archives, Global Trade Daily, News

Africa’s Frozen Whole Fish Market – Nigeria Emerges As the Largest Market, with $488M of Imports in 2018

Leave a comment

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

The value of the frozen whole fish market in Africa expanded markedly to $5B in 2018, jumping by 5.8% against the previous year. Over the period under review, the market size attained its peak level in 2018 and is expected to retain its growth in the years to come.

Exports in Africa

In 2018, approx. 1.5M tonnes of frozen whole fish were exported in Africa; increasing by 4.4% against the previous year. The total export volume increased at an average annual rate of +7.3% over the period from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth appeared the most rapid in 2017 when exports increased by 11% against the previous year.

In value terms, frozen whole fish exports went up modestly to $1.9B (IndexBox estimates) in 2018. The total export value peaked in 2018 and are likely to see steady growth in the near future.

Exports by Country

Namibia (393K tonnes), Mauritania (287K tonnes), Morocco (284K tonnes) and Senegal (209K tonnes) represented roughly 76% of total exports of frozen whole fish in 2018. Seychelles (124K tonnes) occupied an 8% share (based on tonnes) of total exports, which put it in second place, followed by Angola (4.7%). South Africa (47K tonnes) followed a long way behind the leaders.

From 2013 to 2018, the biggest increases were in Seychelles, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen whole fish supplying countries in Africa were Mauritania ($302M), Morocco ($286M) and Namibia ($278M), together comprising 46% of total exports. Seychelles, Senegal, South Africa and Angola lagged somewhat behind, together comprising a further 37%.

Export Prices by Country

The frozen whole fish export price in Africa stood at $1,219 per tonne in 2018, approximately reflecting the previous year.

Prices varied noticeably by the country of origin; the country with the highest price was South Africa ($2,742 per tonne), while Namibia ($708 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by South Africa, while the other leaders experienced mixed trends in the export price figures.

Imports in Africa

In 2018, approx. 2.7M tonnes of frozen whole fish were imported in Africa; lowering by -1.7% against 2017.

In value terms, frozen whole fish imports went down modestly to $3B (IndexBox estimates) in 2018. The total import value hit record highs at $3B in 2014; afterwards, it flattened through to 2018.

Imports by Country

The purchases of the four major importers of frozen whole fish, namely Nigeria, Cameroon, Cote d’Ivoire and Egypt, represented more than half of total import. It was distantly followed by South Africa (163K tonnes), Ghana (157K tonnes) and Mauritius (142K tonnes), together achieving a 17% share of total imports. Benin (97K tonnes), Democratic Republic of the Congo (96K tonnes) and Zambia (96K tonnes) followed a long way behind the leaders.

From 2013 to 2018, the biggest increases were in Benin, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen whole fish importing markets in Africa were Nigeria ($488M), Cameroon ($467M) and Egypt ($290M), with a combined 42% share of total imports. These countries were followed by Cote d’Ivoire, Mauritius, Ghana, South Africa, Zambia, Benin and Democratic Republic of the Congo, which together accounted for a further 39%.

Import Prices by Country

The frozen whole fish import price in Africa stood at $1,088 per tonne in 2018, surging by 4.8% against the previous year.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Mauritius ($1,810 per tonne), while Nigeria ($839 per tonne) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Ghana, while the other leaders experienced a decline in the import price figures.

Source: IndexBox AI Platform