EU: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in the EU

After five years of growth, the EU caviar (sturgeon) market decreased by -3.6% to $X in 2021. In general, consumption, however, continues to indicate a remarkable increase. The level of consumption peaked at $X in 2020, and then shrank in the following year.

Caviar (Sturgeon) Production in the EU

In value terms, caviar (sturgeon) production shrank to $X in 2021 estimated in export price. In general, production, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by 37%. Over the period under review, production attained the peak level at $X in 2020, and then dropped modestly in the following year.

Caviar (Sturgeon) Exports

Exports in the EU

In 2021, caviar (sturgeon) exports in the European Union skyrocketed to X tons, growing by 26% on the previous year. In general, exports, however, continue to indicate a slight setback. The most prominent rate of growth was recorded in 2014 when exports increased by 76% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, caviar (sturgeon) exports skyrocketed to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Italy (X tons), Lithuania (X tons), the Netherlands (X tons), Poland (X tons), France (X tons), Germany (X tons), Latvia (X tons), Denmark (X tons) and Spain (X tons) represented the largest exporter of caviar (sturgeon) in the European Union, committing 87% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +54.4%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), France ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2021, together comprising 65% of total exports. These countries were followed by Poland, the Netherlands, Latvia, Spain, Denmark and Lithuania, which together accounted for a further 21%.

Among the main exporting countries, Poland, with a CAGR of +90.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, picking up by 17% against the previous year. Export price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, caviar (sturgeon) export price increased by +49.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 114% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was France ($X per ton), while Lithuania ($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 (+23.2%), while the other leaders experienced more modest paces of growth.

Caviar (Sturgeon) Imports

Imports in the EU

In 2021, caviar (sturgeon) imports in the European Union rose sharply to X tons, picking up by 11% on the previous year. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.5% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of 58% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, caviar (sturgeon) imports surged to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +131.7% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Latvia (X tons), Lithuania (X tons), France (X tons), Spain (X tons), Bulgaria (X tons), Germany (X tons), Sweden (X tons), Belgium (X tons) and the Netherlands (X tons) represented roughly 80% of total imports in 2021. The following importers - Greece (X tons) and Poland (X tons) - each resulted at a 5.2% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Sweden (with a CAGR of +22.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Spain ($X) were the countries with the highest levels of imports in 2021, with a combined 57% share of total imports. Belgium, Latvia, the Netherlands, Lithuania, Sweden, Bulgaria, Greece and Poland lagged somewhat behind, together accounting for a further 27%.

The Netherlands, with a CAGR of +35.3%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, growing by 36% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+34.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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