EU: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in the EU

The EU market for herring, salted or in brine expanded modestly to $X in 2022, surging by 1.6% against the previous year. Over the period under review, consumption showed a slight curtailment. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Herring, Salted Or In Brine in the EU

In value terms, herring, salted or in brine production rose to $X in 2022 estimated in export price. In general, production saw a slight decrease. The growth pace was the most rapid in 2016 when the production volume increased by 23%. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Exports of Herring, Salted Or In Brine

Exports in the EU

In 2022, shipments abroad of herring, salted or in brine increased by 25% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 27%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, herring, salted or in brine exports rose markedly to $X in 2022. Overall, exports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2018 when exports increased by 23% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Denmark represented the main exporter of herring, salted or in brine in the European Union, with the volume of exports amounting to X tons, which was near 59% of total exports in 2022. The Netherlands (X tons) held a 22% share (based on physical terms) of total exports, which put it in second place, followed by Germany (9.2%). Latvia (X tons), Lithuania (X tons) and Ireland (X tons) followed a long way behind the leaders.

Denmark experienced a relatively flat trend pattern with regard to volume of exports of herring, salted or in brine. At the same time, Latvia (+36.7%), Germany (+5.4%) and Lithuania (+1.1%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +36.7% from 2012-2022. By contrast, the Netherlands (-4.9%) and Ireland (-6.7%) illustrated a downward trend over the same period. While the share of Denmark (+6 p.p.), Germany (+4.1 p.p.) and Latvia (+2.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ireland (-1.5 p.p.) and the Netherlands (-11.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest herring, salted or in brine supplying countries in the European Union were Denmark ($X), the Netherlands ($X) and Germany ($X), with a combined 90% share of total exports. Lithuania, Latvia and Ireland lagged somewhat behind, together accounting for a further 7.5%.

Latvia, with a CAGR of +32.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 2022, falling by -13.3% against the previous year. In general, the export price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2014 when the export price increased by 11%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.8%), while the other leaders experienced mixed trends in the export price figures.

Imports of Herring, Salted Or In Brine

Imports in the EU

In 2022, purchases abroad of herring, salted or in brine increased by 24% to X tons, rising for the third consecutive year after two years of decline. Overall, imports, however, saw a mild reduction. The growth pace was the most rapid in 2017 with an increase of 29%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, herring, salted or in brine imports reached $X in 2022. In general, imports, however, recorded a perceptible reduction. The pace of growth appeared the most rapid in 2017 with an increase of 18%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) and the Netherlands (X tons) represented the major importers of herring, salted or in brine in the European Union, together finishing at approx. 64% of total imports. Lithuania (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (5.8%). The following importers - the Czech Republic (X tons), Austria (X tons) and Italy (X tons) - each reached an 8.2% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +22.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and Lithuania ($X) were the countries with the highest levels of imports in 2022, with a combined 76% share of total imports. Belgium, Austria, Italy and the Czech Republic lagged somewhat behind, together comprising a further 13%.

Italy, with a CAGR of +20.8%, saw 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 2022, the import price in the European Union amounted to $X per ton, declining by -18.8% against the previous year. In general, the import price showed a perceptible decrease. The growth pace was the most rapid in 2020 an increase of 9.4%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Austria ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+0.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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