European Price Report - December 2021

Year published: 2022

Prices of the majority of wild-caught species have risen, reflecting strong demand and high fuel prices. Prices of some species, such as cephalopods, are increasingly out of reach for the average customer. Groundfish is in short supply, especially cod and hake. Alaska pollack availability is being affected by problems between the Russian Federation and China, leading to lower fillets arrivals for the European market, and widespread price hikes.

Aquaculture products are generally following the same upward trend of wild-sourced products but are increasing at a slower rate. The outlook for the coming months is for a decrease in demand, as the most recent wave of COVID-19 cases may lead to a return to lockdown and restaurant closures, which had been the driving force of a strong demand recovery this year.

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