France: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in France

The French caviar (sturgeon) market expanded rapidly to $X in 2021, with an increase of 13% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +116.4% against 2015 indices. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Caviar (Sturgeon) Production in France

In value terms, caviar (sturgeon) production stood at $X in 2021 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.8% against 2018 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 28%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Caviar (Sturgeon) Exports

Exports from France

In 2021, the amount of caviar (sturgeon) exported from France surged to X tons, picking up by 48% against the year before. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +10.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 54% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, caviar (sturgeon) exports surged to $X in 2021. Overall, total exports indicated a remarkable increase 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. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Japan (X tons), Germany (X tons) and the United Arab Emirates (X tons) were the main destinations of caviar (sturgeon) exports from France, with a combined 41% share of total exports. These countries were followed by Denmark, Switzerland, the UK, Hong Kong SAR, the United States, Belgium, South Korea, Singapore, Luxembourg and Australia, which together accounted for a further 46%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +50.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) remains the key foreign market for caviar (sturgeon) exports from France, comprising 19% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.8% share of total exports. It was followed by Switzerland, with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +9.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+4.7% per year) and Switzerland (+6.1% per year).

Export Prices by Country

In 2021, the average caviar (sturgeon) export price amounted to $X per ton, remaining relatively unchanged against the previous year. Over the period under review, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 9.4%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Singapore ($X per ton), while the average price for exports to Luxembourg ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.

Caviar (Sturgeon) Imports

Imports into France

In 2021, purchases abroad of caviar (sturgeon) was finally on the rise to reach X tons after two years of decline. Over the period under review, imports enjoyed prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, caviar (sturgeon) imports surged to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X tons), China (X tons) and Bulgaria (X tons) were the main suppliers of caviar (sturgeon) imports to France, with a combined 67% share of total imports. Madagascar, the UK, Luxembourg, Germany, Uruguay, Belgium and the United States lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Madagascar (with a CAGR of +781.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Bulgaria ($X) constituted the largest caviar (sturgeon) suppliers to France, together comprising 72% of total imports. Madagascar, the UK, Germany, Uruguay, Luxembourg, Belgium and the United States lagged somewhat behind, together comprising a further 18%.

In terms of the main suppliers, Madagascar, with a CAGR of +693.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average caviar (sturgeon) import price stood at $X per ton in 2021, with a decrease of -19.6% against the previous year. In general, the import price recorded a noticeable reduction. The pace of growth was the most pronounced in 2020 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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