Market for Dried Or Smoked Fish in the European Union
Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
After two years of decline, the EU dried or smoked fish market increased by 
% to $ in . The total consumption indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. The level of consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
In value terms, dried or smoked fish production expanded to $ in estimated in export price. Overall, production recorded a resilient increase. The pace of growth was the most pronounced in 2012 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production failed to regain momentum.
The country with the largest volume of dried or smoked fish production was Poland ( tons), comprising approx. % of total volume. Moreover, dried or smoked fish production in Poland exceeded the figures recorded by the second-largest producer, Portugal ( tons), threefold. The third position in this ranking was taken by the Netherlands ( tons), with a % share.
From 2007 to, the average annual growth rate of volume in Poland amounted to +%. In the other countries, the average annual rates were as follows: Portugal (+% per year) and the Netherlands (+% per year).
% to $ in . The total consumption indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2018 indices. The level of consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.In value terms, dried or smoked fish production expanded to $
in estimated in export price. Overall, production recorded a resilient increase. The pace of growth was the most pronounced in 2012 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2018; however, from 2019 to , production failed to regain momentum.The country with the largest volume of dried or smoked fish production was Poland (
tons), comprising approx. % of total volume. Moreover, dried or smoked fish production in Poland exceeded the figures recorded by the second-largest producer, Portugal ( tons), threefold. The third position in this ranking was taken by the Netherlands ( tons), with a % share.From 2007 to
, the average annual growth rate of volume in Poland amounted to +%. In the other countries, the average annual rates were as follows: Portugal (+% per year) and the Netherlands (+% per year).Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , consumption of dried or smoked fish increased by % to tons, rising for the second consecutive year after four years of decline. The total consumption indicated moderate growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. The volume of consumption peaked at tons in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.
The revenue of the dried or smoked fish market in the European Union expanded modestly to $ in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total consumption indicated a noticeable expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
, consumption of dried or smoked fish increased by % to tons, rising for the second consecutive year after four years of decline. The total consumption indicated moderate growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. The volume of consumption peaked at tons in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.The revenue of the dried or smoked fish market in the European Union expanded modestly to $
in , with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total consumption indicated a noticeable expansion from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the market reached the maximum level at $ in 2018; however, from 2019 to , consumption failed to regain momentum.Consumption by Country
Please note: Annual data for 2022 are preliminary and subject to revision
The countries with the highest volumes of consumption in were Portugal ( tons), Germany ( tons) and Italy ( tons), with a combined % share of total consumption. These countries were followed by France, Spain, Poland, the Netherlands and Belgium, which together accounted for a further %.
From 2007 to, the biggest increases were recorded for France (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.
In value terms, Germany ($), Portugal ($) and Italy ($) were the countries with the highest levels of market value in , together comprising % of the total market. France, Spain, Belgium, Poland and the Netherlands lagged somewhat behind, together accounting for a further %.
France, with a CAGR of +%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.
From 2007 to, the average annual growth rate of the dried or smoked fish per capita consumption in No country was relatively modest.
were Portugal ( tons), Germany ( tons) and Italy ( tons), with a combined % share of total consumption. These countries were followed by France, Spain, Poland, the Netherlands and Belgium, which together accounted for a further %.From 2007 to
, the biggest increases were recorded for France (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.In value terms, Germany ($
), Portugal ($) and Italy ($) were the countries with the highest levels of market value in , together comprising % of the total market. France, Spain, Belgium, Poland and the Netherlands lagged somewhat behind, together accounting for a further %.France, with a CAGR of +
%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.From 2007 to
, the average annual growth rate of the dried or smoked fish per capita consumption in No country was relatively modest.Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for dried or smoked fish in the European Union, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to tons by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
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