United Kingdom - Fish Fats And Oils - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fish Fat and Oil in the UK - 2023
Contents:
- Price for Fish Fat and Oil in the UK (CIF) - 2023
- Price for Fish Fat and Oil in the UK (FOB) - 2022
- Imports of Fish Fat and Oil in the UK
- Exports of Fish Fat and Oil in the UK
Price for Fish Fat and Oil in the UK (CIF) - 2023
In June 2023, the average fish fat and oil import price amounted to $4,612 per ton, falling by -5.4% against the previous month. Overall, the import price, however, continues to indicate a noticeable expansion. The most prominent rate of growth was recorded in November 2022 an increase of 116% m-o-m. As a result, import price attained the peak level of $6,605 per ton. From December 2022 to June 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Norway ($12,147 per ton), while the price for the Netherlands ($2,693 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Faroe Islands (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fat and Oil in the UK (FOB) - 2022
The average fish fat and oil export price stood at $2,648 per ton in 2022, jumping by 23% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 46%. Over the period under review, the average export prices hit record highs at $4,355 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($6,077 per ton), while the average price for exports to Thailand ($1,062 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fish Fat and Oil in the UK
In 2022, fish fat and oil imports into the UK surged to 44K tons, rising by 66% compared with the year before. In general, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, fish fat and oil imports surged to $157M in 2022. Over the period under review, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Fish Fat and Oil in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Iceland | 9.6 | 6.8 | 13.0 | 45.1 | 67.5% |
Norway | 20.9 | 18.6 | 19.4 | 22.3 | 2.2% |
Peru | 2.1 | 2.1 | 3.8 | 22.1 | 119.1% |
United States | 0.3 | 1.1 | 0.7 | 13.9 | 259.2% |
Chile | 0.1 | 0.2 | N/A | 12.3 | 397.3% |
Ireland | 3.2 | 0.2 | 1.3 | 9.5 | 43.7% |
Denmark | 0.2 | 2.0 | 12.0 | 7.1 | 228.7% |
South Africa | 2.0 | 6.0 | 1.8 | 4.2 | 28.1% |
France | 2.1 | 2.2 | 2.3 | 3.7 | 20.8% |
Morocco | 1.1 | 1.5 | 1.1 | 3.1 | 41.3% |
Netherlands | 2.8 | 2.5 | 4.3 | 0.3 | -52.5% |
Others | 3.9 | 9.1 | 24.7 | 13.2 | 50.1% |
Total | 48.3 | 52.2 | 84.3 | 157 | 48.1% |
Top Suppliers of Fish Fat and Oil to the UK in 2022:
- Iceland (18.0K tons)
- Peru (6.9K tons)
- Norway (5.5K tons)
- Ireland (3.6K tons)
- Denmark (2.0K tons)
- United States (1.9K tons)
- South Africa (1.3K tons)
- Chile (0.9K tons)
- Morocco (0.9K tons)
- France (0.7K tons)
- Netherlands (0.2K tons)
Exports of Fish Fat and Oil in the UK
For the third consecutive year, the UK recorded decline in overseas shipments of fish fats and oils, which decreased by -30.1% to 6.6K tons in 2022. In general, exports showed a drastic downturn. The smallest decline of -0.6% was in 2021.
In value terms, fish fat and oil exports shrank to $18M in 2022. Overall, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 with an increase of 6.3%.
Export of Fish Fat and Oil in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Netherlands | 4.6 | 4.4 | 6.4 | 5.5 | 6.1% |
France | 2.9 | 2.9 | 3.1 | 2.2 | -8.8% |
Germany | 0.3 | 0.4 | 1.0 | 1.7 | 78.3% |
Norway | 0.3 | N/A | N/A | 1.4 | 67.1% |
Ireland | 1.9 | 1.3 | 2.4 | 0.8 | -25.0% |
Israel | 0.5 | 0.5 | 0.5 | 0.4 | -7.2% |
Spain | 1.4 | 0.9 | 1.7 | 0.3 | -40.2% |
Thailand | N/A | 0.1 | 0.3 | 0.1 | 0.0% |
Poland | 3.4 | 3.2 | 0.4 | N/A | -65.7% |
Czech Republic | 0.9 | 0.8 | 0.2 | N/A | -52.9% |
Others | 7.5 | 4.8 | 4.3 | 5.1 | -12.1% |
Total | 23.7 | 19.3 | 20.5 | 17.6 | -9.4% |
Top Export Markets for Fish Fat and Oil from the UK in 2022:
- Netherlands (3178.1 tons)
- France (1142.8 tons)
- Germany (894.5 tons)
- Israel (240.5 tons)
- Ireland (238.0 tons)
- Norway (232.6 tons)
- Spain (186.2 tons)
- Thailand (127.5 tons)
- Czech Republic (1.7 tons)
- Poland (1.4 tons)
This report provides an in-depth analysis of the market for fish fat and oil in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10411200 - Fats and oils and their fractions of fish or marine mammals (excluding chemically modified)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the market for fish fat and oil in the UK.
This report provides an in-depth analysis of the global market for fish fat and oil.
This report provides an in-depth analysis of the market for fish fat and oil in the UK.
This report provides an in-depth analysis of the global market for fish fat and oil.
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.
Over the past decade, global production of fish fat and oil rose from 3.7M tons to 11.3M tons. In value terms, production expanded significantly from $6.5B to $16.7B estimated in export prices.