EU: Market for Fresh Or Chilled Anchovies 2024

Market Size for Fresh Or Chilled Anchovies in the EU

In 2023, the EU fresh or chilled anchovies market increased by X% to $X, rising for the fifth year in a row after two years of decline. Over the period under review, consumption, however, recorded a noticeable decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Fresh Or Chilled Anchovies in the EU

In value terms, fresh or chilled anchovies production amounted to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in the EU

Fresh or chilled anchovies exports expanded significantly to X tons in 2023, growing by X% compared with the previous year's figure. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, fresh or chilled anchovies exports soared to $X in 2023. The total export value increased at an average annual rate of X% over the period 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% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Portugal (X tons), Spain (X tons) and Italy (X tons), together amounting to X% of total export. It was distantly followed by Croatia (X tons), creating a X% share of total exports. The following exporters - France (X tons) and Greece (X tons) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Portugal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Italy ($X) and Spain ($X) appeared to be the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Portugal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2023 and is likely to see gradual 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 Italy ($X per ton), while Greece ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Italy (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fresh Or Chilled Anchovies

Imports in the EU

In 2023, imports of fresh or chilled anchovieses in the European Union surged to X tons, with an increase of X% against the year before. Over the period under review, imports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2014 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, fresh or chilled anchovies imports skyrocketed to $X in 2023. Overall, imports, however, continue to indicate a mild decline. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Spain (X tons) represented the key importer of fresh or chilled anchovieses, generating X% of total imports. Italy (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Croatia (X%) and the Netherlands (X%). France (X tons), Germany (X tons) and Belgium (X tons) followed a long way behind the leaders.

Imports into Spain decreased at an average annual rate of X% from 2012 to 2023. At the same time, Croatia (X%), Belgium (X%), the Netherlands (X%), Germany (X%) and France (X%) displayed positive paces of growth. Moreover, Croatia emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Italy (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Croatia, Italy, the Netherlands, Germany, France and Belgium increased by X, X, X, X, X and X percentage points, respectively.

In value terms, Spain ($X) constitutes the largest market for imported fresh or chilled anchovieses in the European Union, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Spain amounted to X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and France (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, growing by X% against the previous year. Import price indicated temperate growth from 2012 to 2023: its price 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, fresh or chilled anchovies import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Belgium ($X per ton), while Croatia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform