Live Fish Price in the UK - 2023
Contents:
- Live Fish Price in the UK (CIF) - 2023
- Live Fish Price in the UK (FOB) - 2022
- Live Fish Imports in the UK
- Live Fish Exports in the UK
Live Fish Price in the UK (CIF) - 2023
In May 2023, the average live fish import price amounted to $25,030 per ton, jumping by 17% against the previous month. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 61% m-o-m. The import price peaked at $29,697 per ton in December 2022; however, from January 2023 to May 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Japan ($72,949 per ton), while the price for Ireland ($3,243 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by New Zealand (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Live Fish Price in the UK (FOB) - 2022
In 2022, the average live fish export price amounted to $8,469 per ton, which is down by -16.2% against the previous year. In general, the export price saw a perceptible decline. The pace of growth was the most pronounced in 2018 an increase of 8.8% against the previous year. Over the period under review, the average export prices reached the maximum at $14,534 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Portugal ($42,537 per ton), while the average price for exports to Ireland ($5,132 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 Portugal (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.
Live Fish Imports in the UK
Live fish imports into the UK dropped modestly to 1K tons in 2022, waning by -4.4% against the previous year's figure. In general, imports recorded a abrupt downturn.
In value terms, live fish imports shrank to $24M in 2022. The total import value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 13%. As a result, imports reached the peak of $26M, and then shrank in the following year.
| Import of Live Fish in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 5.7 | 5.7 | 6.5 | 5.4 | -1.8% |
| Japan | 2.6 | 3.6 | 5.1 | 4.1 | 16.4% |
| Israel | 2.9 | 2.9 | 4.0 | 2.9 | 0.0% |
| Indonesia | 2.2 | 2.0 | 2.6 | 2.4 | 2.9% |
| Czech Republic | N/A | N/A | N/A | 1.7 | 0% |
| Sri Lanka | 1.1 | 1.3 | 1.2 | 1.1 | 0.0% |
| Thailand | 1.0 | 0.6 | 0.6 | 0.6 | -15.7% |
| Ireland | 0.2 | 2.3 | 0.5 | 0.5 | 35.7% |
| Colombia | 0.5 | 0.4 | 0.6 | 0.5 | 0.0% |
| Netherlands | 0.5 | 0.2 | 0.2 | 0.4 | -7.2% |
| Philippines | 0.4 | 0.4 | 0.6 | 0.4 | 0.0% |
| Maldives | 0.5 | 0.5 | 0.4 | 0.4 | -7.2% |
| New Zealand | N/A | N/A | 0.3 | 0.4 | 33.3% |
| Others | 4.1 | 3.3 | 3.8 | 3.5 | -5.1% |
| Total | 21.6 | 23.4 | 26.4 | 24.3 | 4.0% |
Top Suppliers of Live Fish to the UK in 2022:
- Singapore (258.0 tons)
- Israel (108.6 tons)
- Indonesia (107.6 tons)
- Sri Lanka (77.2 tons)
- Japan (75.1 tons)
- Netherlands (66.0 tons)
- Ireland (45.5 tons)
- Philippines (27.6 tons)
- New Zealand (26.6 tons)
- Maldives (26.2 tons)
- Thailand (25.8 tons)
- Czech Republic (25.1 tons)
- Colombia (24.6 tons)
Live Fish Exports in the UK
In 2022, overseas shipments of live fish decreased by -40.6% to 616 tons, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of 32%. As a result, the exports attained the peak of 2.3K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, live fish exports fell notably to $5.2M in 2022. In general, exports showed a precipitous descent. The growth pace was the most rapid in 2020 with an increase of 19%. As a result, the exports attained the peak of $22M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Live Fish in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.0 | 9.8 | 4.3 | 1.3 | -36.2% |
| Ireland | 3.0 | 3.0 | 1.6 | 0.7 | -38.4% |
| Netherlands | 3.1 | 2.0 | 2.6 | 0.5 | -45.6% |
| China | 3.0 | 4.1 | 1.1 | 0.5 | -45.0% |
| United Arab Emirates | N/A | N/A | N/A | 0.2 | 0% |
| Portugal | 0.3 | 0.5 | 0.1 | 0.1 | -30.7% |
| Others | 3.9 | 2.6 | 0.8 | 2.0 | -20.0% |
| Total | 18.4 | 22.0 | 10.5 | 5.2 | -34.4% |
Top Export Markets for Live Fish from the UK in 2022:
- Ireland (133.1 tons)
- United States (102.6 tons)
- China (80.3 tons)
- Netherlands (34.1 tons)
- United Arab Emirates (11.3 tons)
- Portugal (2.5 tons)
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