Global Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size

The global fresh fish fillet market expanded to $X in 2023, picking up by X% against the previous year. In general, the total consumption indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2012 indices. Over the period under review, the global market attained the peak level in 2023 and is expected to retain growth in the immediate term.

Fresh Fish Fillet Production

In value terms, fresh fish fillet production stood at $X in 2023 estimated in export price. In general, the total production indicated buoyant growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Over the period under review, global production hit record highs at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Fresh Fish Fillet Exports

Exports

In 2023, after three years of growth, there was decline in shipments abroad of fresh or chilled fish fillets, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The global exports peaked at X tons in 2022, and then shrank in the following year.

In value terms, fresh fish fillet exports rose notably to $X in 2023. Over the period under review, exports, however, showed a prominent increase. The growth pace was the most rapid in 2021 when exports increased by X%. The global exports peaked in 2023 and are likely to continue growth in the near future.

Exports by Country

In 2023, Chile (X tons) and Norway (X tons) were the major exporters of fresh or chilled fish filletsacross the globe, together making up X% of total exports. The Netherlands (X tons) ranks next in terms of the total exports with a X% share, followed by Iceland (X%), Sweden (X%), Denmark (X%) and Poland (X%). The United States (X tons), Turkey (X tons), Spain (X tons), Canada (X tons), Belgium (X tons) and the UK (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 Poland (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest fresh fish fillet supplying countries worldwide were Chile ($X), Norway ($X) and the Netherlands ($X), with a combined X% share of global exports. Sweden, Denmark, Iceland, Poland, the United States, Spain, Turkey, Canada, Belgium and the UK lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Poland, 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 global leaders experienced more modest paces of growth.

Export Prices by Country

The average fresh fish fillet export price stood at $X per ton in 2023, growing by X% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, fresh fish fillet export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. The global export price 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 Poland ($X per ton), while the UK ($X per ton) was amongst the lowest.

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

Fresh Fish Fillet Imports

Imports

After three years of growth, overseas purchases of fresh or chilled fish fillets decreased by X% to X tons in 2023. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked at X tons in 2022, and then dropped slightly in the following year.

In value terms, fresh fish fillet imports stood at $X in 2023. Overall, total imports indicated prominent growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, global imports attained the maximum in 2023 and are expected to retain growth in the immediate term.

Imports by Country

The United States represented the major importer of fresh or chilled fish fillets in the world, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. France (X tons) ranks second in terms of the total imports with a X% share, followed by Sweden (X%), the Netherlands (X%), Germany (X%) and Italy (X%). Belgium (X tons), Poland (X tons), Canada (X tons), Denmark (X tons), Spain (X tons) and Japan (X tons) took a relatively small share of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2023. At the same time, the Netherlands (X%), Denmark (X%), Poland (X%), Japan (X%), Canada (X%) and Italy (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. Germany, Belgium, France, Sweden and Spain experienced a relatively flat trend pattern. From 2012 to 2023, the share of the United States and the Netherlands increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported fresh or chilled fish fillets worldwide, comprising X% of global imports. The second position in the ranking was taken by Sweden ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the United States, fresh fish fillet imports expanded at 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: Sweden (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the average fresh fish fillet import price amounted to $X per ton, surging 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 appeared the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2023 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform