Eastern Europe: Smoked Salmon Market 2024

Smoked Salmon Market Size in Eastern Europe

The East European smoked salmon market surged to $X in 2022, rising by 16% against the previous year. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Smoked Salmon Production in Eastern Europe

In value terms, smoked salmon production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Smoked Salmon Exports

Exports in Eastern Europe

In 2022, shipments abroad of smoked pacific, atlantic and danube salmon decreased by -9.6% to X tons for the first time since 2017, thus ending a four-year rising trend. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 14% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, smoked salmon exports shrank to $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +43.9% against 2015 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 38%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

In 2022, Poland (X tons) represented the key exporter of smoked pacific, atlantic and danube salmon, creating 76% of total exports. It was distantly followed by Lithuania (X tons), creating a 21% share of total exports. Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to smoked salmon exports from Poland stood at +3.7%. At the same time, Lithuania (+4.2%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +4.2% from 2012-2022. By contrast, Latvia (-1.2%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest smoked salmon supplier in Eastern Europe, comprising 75% of total exports. The second position in the ranking was taken by Lithuania ($X), with a 22% share of total exports.

In Poland, smoked salmon exports increased at an average annual rate of +6.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Lithuania (+8.9% per year) and Latvia (-1.1% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, rising by 9.3% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2017 when the export price increased by 21%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+4.6%), while the other leaders experienced more modest paces of growth.

Smoked Salmon Imports

Imports in Eastern Europe

After two years of growth, purchases abroad of smoked pacific, atlantic and danube salmon decreased by -15.4% to X tons in 2022. Total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 40% against the previous year. The volume of import peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, smoked salmon imports declined dramatically to $X in 2022. Over the period under review, imports saw a perceptible downturn. The pace of growth appeared the most rapid in 2017 with an increase of 35%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Czech Republic (X tons), Slovakia (X tons), Poland (X tons) and Romania (X tons) represented roughly 64% of total imports in 2022. It was distantly followed by Hungary (X tons), Bulgaria (X tons) and Latvia (X tons), together generating a 19% share of total imports. The following importers - Lithuania (X tons) and Russia (X tons) - each reached an 8.8% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Lithuania (with a CAGR of +20.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest smoked salmon importing markets in Eastern Europe were the Czech Republic ($X), Poland ($X) and Romania ($X), together accounting for 62% of total imports. Hungary, Latvia, Bulgaria, Slovakia, Russia and Lithuania lagged somewhat behind, together accounting for a further 34%.

In terms of the main importing countries, Lithuania, with a CAGR of +17.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the import price, however, continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2021 when the import price increased by 14%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :