Europe: Preserved Herring Market 2024

Preserved Herring Market Size in Europe

The Europe preserved herring market amounted to $X in 2021, rising by 1.8% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2021.

Preserved Herring Production in Europe

In value terms, preserved herring production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by 21%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Preserved Herring Exports

Exports in Europe

In 2021, after three years of growth, there was significant decline in overseas shipments of herrings (prepared or preserved), when their volume decreased by -6% to X tons. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 7.9% against the previous year. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, preserved herring exports expanded modestly to $X in 2021. Over the period under review, exports showed a mild shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 7.3%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Poland (X tons), distantly followed by Belarus (X tons), Denmark (X tons), Norway (X tons) and Germany (X tons) represented the largest exporters of herrings (prepared or preserved), together creating 86% of total exports. The following exporters - Lithuania (X tons) and Sweden (X tons) - each reached an 8.1% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of +12.3%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Belarus ($X) and Denmark ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 64% of total exports.

Belarus, with a CAGR of +8.8%, 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 mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, with an increase of 8.6% against the previous year. Over the period under review, the export price, however, showed a pronounced setback. The level of export peaked at $X per ton in 2012; however, from 2013 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, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+1.5%), while the other leaders experienced a decline in the export price figures.

Preserved Herring Imports

Imports in Europe

After four years of growth, purchases abroad of herrings (prepared or preserved) decreased by -5.5% to X tons in 2021. The total import volume increased at an average annual rate of +2.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 when imports increased by 6.1% against the previous year. The volume of import peaked at X tons in 2020, and then reduced in the following year.

In value terms, preserved herring imports rose to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 9.8% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons), distantly followed by Russia (X tons), Poland (X tons) and Sweden (X tons) represented the main importers of herrings (prepared or preserved), together mixing up 73% of total imports. Denmark (X tons), Romania (X tons), Austria (X tons), the UK (X tons), Finland (X tons) and Ukraine (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +17.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved herring importing markets in Europe were Germany ($X), Russia ($X) and Poland ($X), together comprising 60% of total imports. Sweden, Austria, Denmark, Romania, Finland, the UK and Ukraine lagged somewhat behind, together accounting for a further 22%.

In terms of the main importing countries, Romania, with a CAGR of +14.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, growing by 9.5% against the previous year. Overall, the import price, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2016 when the import price increased by 10%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+0.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform