EU: Preserved Salmon Market 2024

Preserved Salmon Market Size in the EU

The EU preserved salmon market declined modestly to $X in 2021, shrinking by -4% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Preserved Salmon Production in the EU

In value terms, preserved salmon production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2014 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Preserved Salmon Exports

Exports in the EU

In 2021, approx. X tons of salmon (prepared or preserved) were exported in the European Union; rising by 32% against 2020. Total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +10.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +31.1% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved salmon exports skyrocketed to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +10.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +21.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Poland represented the key exporting country with an export of around X tons, which resulted at 38% of total exports. It was distantly followed by Germany (X tons), Denmark (X tons), France (X tons) and Belgium (X tons), together committing a 43% share of total exports. The following exporters - the Netherlands (X tons) and Latvia (X tons) - each accounted for a 7.5% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to preserved salmon exports from Poland stood at +14.5%. At the same time, the Netherlands (+16.4%), Denmark (+12.1%), Latvia (+10.8%), Germany (+9.7%), France (+6.9%) and Belgium (+1.0%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +16.4% from 2012-2021. While the share of Poland (+11 p.p.), Denmark (+1.7 p.p.) and the Netherlands (+1.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of France (-2.5 p.p.) and Belgium (-5.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest preserved salmon supplier in the European Union, comprising 41% of total exports. The second position in the ranking was taken by Germany ($X), with an 18% share of total exports. It was followed by Denmark, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Poland amounted to +12.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+10.5% per year) and Denmark (+11.5% per year).

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, approximately reflecting the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 9.7%. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Latvia ($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 (+3.5%), while the other leaders experienced more modest paces of growth.

Preserved Salmon Imports

Imports in the EU

In 2021, supplies from abroad of salmon (prepared or preserved) decreased by -6.1% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2019 when imports increased by 44%. Over the period under review, imports reached the maximum at X tons in 2020, and then dropped in the following year.

In value terms, preserved salmon imports reached $X in 2021. In general, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2016 when imports increased by 34%. The level of import peaked in 2021 and is likely to see gradual growth in years to come.

Imports by Country

Germany dominates imports structure, resulting at X tons, which was near 53% of total imports in 2021. France (X tons) took a 7% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (6.3%) and Italy (5.5%). The Netherlands (X tons), Sweden (X tons), Slovakia (X tons), Ireland (X tons), Denmark (X tons), Austria (X tons) and Latvia (X tons) took a relatively small share of total imports.

Imports into Germany increased at an average annual rate of +25.4% from 2012 to 2021. At the same time, Slovakia (+46.3%), Denmark (+16.1%), Latvia (+15.8%), Sweden (+11.1%), Italy (+10.3%), France (+6.3%), Austria (+4.9%) and Belgium (+4.2%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in the European Union, with a CAGR of +46.3% from 2012-2021. By contrast, the Netherlands (-4.7%) and Ireland (-4.7%) illustrated a downward trend over the same period. While the share of Germany (+35 p.p.) and Slovakia (+3.4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of France (-3.9 p.p.), Belgium (-5.4 p.p.), Ireland (-9.6 p.p.) and the Netherlands (-14 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported salmon (prepared or preserved) in the European Union, comprising 56% of total imports. The second position in the ranking was held by France ($X), with a 7% share of total imports. It was followed by Italy, with a 5.2% share.

In Germany, preserved salmon imports increased at an average annual rate of +30.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (+9.5% per year) and Italy (+10.1% per year).

Import Prices by Country

In 2021, the import price in the European Union amounted to $X per ton, increasing by 8.3% against the previous year. Over the last nine years, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2016 an increase of 16%. The level of import peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Austria ($X per ton), while Latvia ($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 (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :