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

Market Size for Caviar (Salmon) And Caviar Substitutes in Europe

In 2021, the Europe market for caviar (salmon) and caviar substitutes increased by 3.6% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +1.8% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in Europe

In value terms, caviar (salmon) and caviar substitutes production rose slightly to $X in 2021 estimated in export price. In general, production, however, saw a slight slump. The growth pace was the most rapid in 2017 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports in Europe

In 2021, overseas shipments of caviar (salmon) and caviar substitutes were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +4.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 26% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, caviar (salmon) and caviar substitutes 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 +6.4% over the last nine years. 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, Belarus (X tons) represented the main exporter of caviar (salmon) and caviar substitutes, constituting 52% of total exports. Russia (X tons) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by Germany (8.7%), Denmark (7.8%) and Sweden (7.6%). The Netherlands (X tons) followed a long way behind the leaders.

Exports from Belarus increased at an average annual rate of +2.3% from 2012 to 2021. At the same time, the Netherlands (+37.8%), Russia (+16.8%), Germany (+12.4%) and Denmark (+4.7%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Europe, with a CAGR of +37.8% from 2012-2021. Sweden experienced a relatively flat trend pattern. Russia (+7 p.p.), Germany (+4.1 p.p.) and the Netherlands (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while Sweden and Belarus saw its share reduced by -4.7% and -11.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest caviar (salmon) and caviar substitutes supplying countries in Europe were Belarus ($X), Germany ($X) and Denmark ($X), with a combined 62% share of total exports. These countries were followed by Russia, the Netherlands and Sweden, which together accounted for a further 25%.

The Netherlands, with a CAGR of +44.3%, saw the highest growth rate of the value of exports, among 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

In 2021, the export price in Europe 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 +1.7%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Germany ($X per ton), while Belarus ($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 (+4.7%), while the other leaders experienced more modest paces of growth.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports in Europe

Caviar (salmon) and caviar substitutes imports was estimated at X tons in 2021, therefore, remained relatively stable against the year before. Total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +11.1% 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 increased by +23.7% against 2014 indices. The growth pace was the most rapid in 2013 when imports increased by 71%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, caviar (salmon) and caviar substitutes imports surged to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.6% 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 +33.3% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 34%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Russia dominates imports structure, resulting at X tons, which was near 61% of total imports in 2021. France (X tons) took a 6.4% share (based on physical terms) of total imports, which put it in second place, followed by Ukraine (6.1%) and Germany (4.9%). Spain (X tons), the Netherlands (X tons), Norway (X tons) and Lithuania (X tons) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +27.1% from 2012 to 2021. At the same time, the Netherlands (+46.9%), Norway (+20.6%), Lithuania (+12.8%), Spain (+7.5%) and France (+6.8%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Europe, with a CAGR of +46.9% from 2012-2021. By contrast, Germany (-1.7%) and Ukraine (-6.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia, Ukraine and the Netherlands increased by +43, +6.1 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported caviar (salmon) and caviar substitutes in Europe, comprising 32% of total imports. The second position in the ranking was taken by France ($X), with a 12% share of total imports. It was followed by Germany, with an 11% share.

In Russia, caviar (salmon) and caviar substitutes imports increased at an average annual rate of +21.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: France (+5.5% per year) and Germany (-1.8% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, rising by 19% against the previous year. In general, the import price, however, showed a perceptible decline. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+7.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform