The inflation rate in the Euro Area declined to 2.4 percent year-on-year in November 2023, reaching its lowest level since July 2021, this rate compares to 2.9 percent in October and 4.3 percent in September. In this European Fish Price Report, 55 percent of the prices were stable compared with November 2023, 22 percent went up and 23 percent went down. Read more in the full report

In September, the summer holidays are over in Europe, and importers are preparing for the Christmas sales period. However, the market is very volatile, as the impact of inflation on the seafood market, including during the main festivities, is likely to be severe. Prices of seafood are generally going up, with a few exceptions, which include cod products and shrimp, for which demand continues to be low. In the present European Fish Price Report, some...

Easter was the main consumption period of seafood, especially in the Southern part of the continent. Prices are still going up as consumer interest continues strong, and practically all price levels are accepted by the consumers. In the present issue of the European Fish Price Report, prices increased for 25 percent of the recorded prices; for 20 percent they declined, while 55 percent stayed stable. Overall, salmon prices fell somewhat after the sky-high levels reached...

Demand for seafood is slowing in the European market, as inflation is passed on to consumers. In a recent study on the impact of the Ukraine conflict on European Union consumer behaviour, it was found that 50 percent of the interviewed felt fish prices went up strongly. Fish was thus second only to red meat among all food products where such price increases were seen. 

The first months of the year are generally a slow sales period for fishery and aquaculture products in Europe, and 2023 has not been an exception to this rule. Demand was low over the course of February, but prices generally moved up, especially for seabass and seabream and groundfish. In this issue of the European Fish Price Report, some 31 percent of the fish prices moved up, 27 percent moved down, while 41 percent stayed...