Frozen Crustaceans Market Overview in the European Union
In value terms, frozen crustaceans production amounted to $ in 2018 estimated in export prices. Over the period under review, frozen crustaceans production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of % year-to-year. The level of frozen crustaceans production peaked at $ in 2014; however, from 2015 to 2018, production failed to regain its momentum.
Germany ( tonnes) remains the largest frozen crustaceans producing country in the European Union, accounting for % of total volume. Moreover, frozen crustaceans production in Germany exceeded the figures recorded by the second-largest producer, Poland ( tonnes), threefold. Spain ( tonnes) ranked third in terms of total production with a % share.
From 2007 to 2018, the average annual growth rate of volume in Germany was relatively modest. In the other countries, the average annual rates were as follows: Poland (+% per year) and Spain (-% per year).
The revenue of the frozen crustaceans market in the European Union amounted to $ in 2018, approximately reflecting 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 market value increased at an average annual rate of +% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of % y-o-y. In that year, the frozen crustaceans market reached its peak level of $; afterwards, it flattened through to 2018.
From 2007 to 2018, the most notable rate of growth in terms of frozen crustaceans consumption, amongst the main consuming countries, was attained by the UK, while frozen crustaceans consumption for the other leaders experienced more modest paces of growth.
In value terms, Germany ($), Spain ($) and France ($) were the countries with the highest levels of market value in 2018, with a combined % share of the total market. These countries were followed by Italy, Poland, the UK and the Netherlands, which together accounted for a further %.
In terms of the main consuming countries, the UK recorded the highest rates of growth with regard to market size, over the period under review, while frozen crustaceans market for the other leaders experienced more modest paces of growth.
The countries with the highest levels of frozen crustaceans per capita consumption in 2018 were Spain ( kg per person), Germany ( kg per person) and the Netherlands ( kg per person).
From 2007 to 2018, the most notable rate of growth in terms of frozen crustaceans per capita consumption, amongst the main consuming countries, was attained by the Netherlands, while frozen crustaceans per capita consumption for the other leaders experienced more modest paces of growth.