Europe: Market for Fresh Or Chilled Anchovies 2024

Market Size for Fresh Or Chilled Anchovies in Europe

The Europe fresh or chilled anchovies market shrank modestly to $X in 2023, approximately mirroring the previous year. Over the period under review, consumption continues to indicate a noticeable reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Fresh Or Chilled Anchovies in Europe

In value terms, fresh or chilled anchovies production stood at $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2023, production growth remained at a lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in Europe

Fresh or chilled anchovies exports expanded notably to X tons in 2023, rising by X% on 2022. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, fresh or chilled anchovies exports soared to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of fresh or chilled anchovieses, namely Portugal, Spain and Italy, represented more than two-thirds of total export. It was distantly followed by Croatia (X tons), creating a X% share of total exports. France (X tons) and Greece (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Portugal (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest fresh or chilled anchovies supplying countries in Europe were Portugal ($X), Italy ($X) and Spain ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Portugal, with a CAGR of X%, saw the highest growth rate of 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 2023, the export price in Europe amounted to $X per ton, increasing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Italy ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Anchovies

Imports in Europe

Fresh or chilled anchovies imports rose slightly to X tons in 2023, increasing by X% compared with 2022 figures. In general, imports, however, showed a noticeable decrease. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, fresh or chilled anchovies imports soared to $X in 2023. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Spain was the key importer of fresh or chilled anchovieses in Europe, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. Italy (X tons) took the second position in the ranking, distantly followed by Albania (X tons) and Croatia (X tons). All these countries together took approx. X% share of total imports. The Netherlands (X tons), France (X tons) and Germany (X tons) held a little share of total imports.

Imports into Spain decreased at an average annual rate of X% from 2012 to 2023. At the same time, Croatia (X%), Albania (X%), the Netherlands (X%), Germany (X%) and France (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. By contrast, Italy (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Albania, Croatia, the Netherlands, Germany, Italy and France increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Spain ($X) constitutes the largest market for imported fresh or chilled anchovieses in Europe, comprising X% of total imports. The second position in the ranking was taken by Italy ($X), with a X% share of total imports. It was followed by France, with a X% share.

In Spain, fresh or chilled anchovies imports decreased by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Italy (X% per year) and France (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, rising by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was France ($X per ton), while Albania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform