EU: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in the EU

The EU market for caviar (salmon) and caviar substitutes was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption continues to indicate a perceptible decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in the EU

In value terms, caviar (salmon) and caviar substitutes production declined slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible descent. The pace of growth appeared the most rapid in 2017 with an increase of 18%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports in the EU

In 2021, the amount of caviar (salmon) and caviar substitutes exported in the European Union soared to X tons, surging by 30% compared with the year before. The total export volume increased at an average annual rate of +6.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 30% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, caviar (salmon) and caviar substitutes exports soared to $X in 2021. Total exports indicated a prominent expansion 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. Based on 2021 figures, exports increased by +90.8% against 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons), Denmark (X tons) and Sweden (X tons) was the key exporter of caviar (salmon) and caviar substitutes in the European Union, committing 70% of total export. It was distantly followed by the Netherlands (X tons), comprising a 12% share of total exports. Lithuania (X tons), Latvia (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +37.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Denmark ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2021, with a combined 67% share of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of +44.3%, recorded 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

In 2021, the export price in the European Union amounted to $X per ton, increasing by 6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2017 an increase of 13% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+6.4%), while the other leaders experienced more modest paces of growth.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports in the EU

In 2021, purchases abroad of caviar (salmon) and caviar substitutes increased by 13% to X tons, rising for the second year in a row after four years of decline. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 18% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, caviar (salmon) and caviar substitutes imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the four major importers of caviar (salmon) and caviar substitutes, namely France, Germany, Spain and the Netherlands, represented more than half of total import. It was distantly followed by Lithuania (X tons), making up a 6% share of total imports. The following importers - Finland (X tons), Italy (X tons), Denmark (X tons), Sweden (X tons), Estonia (X tons), Latvia (X tons), Austria (X tons) and Poland (X tons) - together made up 24% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +46.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 59% share of total imports.

The Netherlands, with a CAGR of +45.4%, recorded the highest growth rate of the value of imports, among 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, rising by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2017 when the import price increased by 19% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Austria ($X per ton), while Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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