Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Ireland - 2023
Contents:
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Ireland (CIF) - 2023
- Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Ireland (FOB) - 2022
- Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Ireland
- Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Ireland
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Ireland (CIF) - 2023
The average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $6,458 per ton in October 2023, rising by 9.5% against the previous month. Overall, import price indicated pronounced growth from October 2022 to October 2023: its price increased at an average monthly rate of +4.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s increased by +22.8% against June 2023 indices. The pace of growth was the most pronounced in January 2023 an increase of 101% against the previous month. The import price peaked in October 2023.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($6,771 per ton), while the price for the Netherlands ($3,597 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by South Africa (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Ireland (FOB) - 2022
In 2022, the average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $6,461 per ton, waning by -44.5% against the previous year. Over the period under review, the export price, however, saw strong growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 93% against the previous year. As a result, the export price reached the peak level of $13,027 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the UK.
From 2012 to 2022, the rate of growth in terms of prices for Spain amounted to +10.9% per year.
Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Ireland
For the third consecutive year, Ireland recorded decline in supplies from abroad of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s, which decreased by 0% to 554 tons in 2022. Over the period under review, imports saw a noticeable descent. The smallest decline of -9.3% was in 2020.
In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $2.8M in 2022. In general, imports showed a pronounced reduction. The smallest decline of -1.5% was in 2020.
| Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Africa | 2,203 | 3,074 | N/A | 2,111 | -1.4% |
| Spain | 300 | N/A | N/A | 573 | 24.1% |
| China | N/A | 0.4 | N/A | 80.5 | 1318.6% |
| United Kingdom | 615 | 45.8 | N/A | 20.4 | -67.9% |
| Others | 67.1 | 18.6 | N/A | 28.3 | -25.0% |
| Total | 3,185 | 3,139 | N/A | 2,813 | -4.1% |
Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Ireland in 2022:
- South Africa (397.4 tons)
- Spain (129.3 tons)
- China (18.3 tons)
- United Kingdom (4.5 tons)
Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Ireland
For the fourth year in a row, Ireland recorded growth in shipments abroad of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s, which increased by 42% to 34 tons in 2022. In general, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 946% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s contracted significantly to $220K in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 768%.
| Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Ireland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | 44.6 | N/A | 219 | 121.6% |
| United Arab Emirates | 8.8 | 30.6 | 279 | 0.9 | -53.2% |
| Others | N/A | 1.3 | N/A | N/A | 0% |
| Total | 8.8 | 76.5 | 279 | 220 | 192.4% |
Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Ireland in 2022:
- United Kingdom (34.0 tons)
- United Arab Emirates (0.1 tons)
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