Austria: Preserved Herring Market 2024

Preserved Herring Market Size in Austria

The Austrian preserved herring market contracted slightly to $X in 2021, falling by -2.4% against the previous year. The market value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Preserved herring consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Preserved Herring Production in Austria

In value terms, preserved herring production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 171%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Preserved Herring Exports

Exports from Austria

In 2021, exports of herrings (prepared or preserved) from Austria skyrocketed to X tons, picking up by 29% on the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved herring exports soared to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Romania (X tons) was the main destination for preserved herring exports from Austria, with a 45% share of total exports. Moreover, preserved herring exports to Romania exceeded the volume sent to the second major destination, Germany (X tons), twofold. Greece (X tons) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Romania totaled +27.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-3.7% per year) and Greece (+17.2% per year).

In value terms, Romania ($X), Germany ($X) and Switzerland ($X) constituted the largest markets for preserved herring exported from Austria worldwide, with a combined 71% share of total exports.

Romania, with a CAGR of +26.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average preserved herring export price amounted to $X per ton, dropping by -1.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 7.7%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Herring Imports

Imports into Austria

In 2021, overseas purchases of herrings (prepared or preserved) decreased by -16.1% to X tons, falling for the second year in a row after three years of growth. In general, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of 13%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, preserved herring imports declined to $X in 2021. Over the period under review, imports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2019 with an increase of 8.3% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of preserved herring to Austria, accounting for a 66% share of total imports. Moreover, preserved herring imports from Germany exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fourfold. Portugal (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+6.7% per year) and Portugal (+0.1% per year).

In value terms, Germany ($X) constituted the largest supplier of herrings (prepared or preserved) to Austria, comprising 73% of total imports. The second position in the ranking was taken by Denmark ($X), with an 11% share of total imports. It was followed by Portugal, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+1.7% per year) and Portugal (+2.8% per year).

Import Prices by Country

In 2021, the average preserved herring import price amounted to $X per ton, surging by 11% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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