Europe: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in Europe

In 2022, the Europe fish fat and oil market increased by X% to $X, rising for the eighth consecutive year after two years of decline. Over the period under review, consumption recorded a significant expansion. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Production of Fish Fats And Oils in Europe

In value terms, fish fat and oil production skyrocketed to $X in 2022 estimated in export price. The total production indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2014 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Exports of Fish Fats And Oils

Exports in Europe

In 2022, approx. X tons of fish fats and oils were exported in Europe; approximately reflecting 2021 figures. Total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, fish fat and oil exports skyrocketed to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

The shipments of the three major exporters of fish fats and oils, namely Norway, Denmark and Iceland, represented more than two-thirds of total export. It was distantly followed by Belgium (X tons) and France (X tons), together creating an X% share of total exports. The following exporters - the Netherlands (X tons), Spain (X tons), Germany (X tons), Latvia (X tons) and Poland (X tons) - together made up X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Norway ($X) and Iceland ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. France, Belgium, the Netherlands, Germany, Spain, Poland and Latvia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Latvia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Imports of Fish Fats And Oils

Imports in Europe

In 2022, after four years of growth, there was decline in overseas purchases of fish fats and oils, when their volume decreased by X% to X tons. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, fish fat and oil imports skyrocketed to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Norway (X tons) represented the main importer of fish fats and oils, generating X% of total imports. It was distantly followed by Denmark (X tons), the UK (X tons), Greece (X tons), Spain (X tons) and France (X tons), together generating a X% share of total imports. Belgium (X tons) took a relatively small share of total imports.

Norway experienced a relatively flat trend pattern with regard to volume of imports of fish fats and oils. At the same time, the UK (X%), Belgium (X%), Spain (X%), Greece (X%) and France (X%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. By contrast, Denmark (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Norway, the UK, Spain and Belgium increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported fish fats and oils in Europe, comprising X% of total imports. The second position in the ranking was held by Denmark ($X), with a X% share of total imports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Norway stood at X%. In the other countries, the average annual rates were as follows: Denmark (X% per year) and the UK (X% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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