France: Preserved Herring Market 2024

Preserved Herring Market Size in France

The French preserved herring market rose markedly to $X in 2021, increasing by 5.5% against the previous year. Over the period under review, consumption saw a pronounced setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Preserved Herring Production in France

In value terms, preserved herring production rose rapidly to $X in 2021 estimated in export price. In general, production, however, showed a perceptible setback. The pace of growth appeared the most rapid in 2018 with an increase of 31% against the previous year. Preserved herring production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Preserved Herring Exports

Exports from France

In 2021, shipments abroad of herrings (prepared or preserved) decreased by -30.1% to X tons, falling for the second consecutive year after six years of growth. Overall, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 103%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, preserved herring exports reached $X in 2021. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 111%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Belgium (X tons), the UK (X tons) and the Netherlands (X tons) were the main destinations of preserved herring exports from France, with a combined 72% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +55.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved herring exported from France were Belgium ($X), the UK ($X) and the Netherlands ($X), together comprising 70% of total exports. Italy, Luxembourg, Germany, Mauritius and Switzerland lagged somewhat behind, together comprising a further 15%.

Among the main countries of destination, Italy, with a CAGR of +73.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved herring export price stood at $X per ton in 2021, rising by 48% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Germany ($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 Italy (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Herring Imports

Imports into France

Preserved herring imports into France fell to X tons in 2021, which is down by -6.2% against the previous year's figure. The total import volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when imports increased by 24% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, preserved herring imports expanded slightly to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 19% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and Latvia (X tons) were the main suppliers of preserved herring imports to France, together accounting for 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +136.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Latvia ($X) constituted the largest preserved herring suppliers to France, with a combined 79% share of total imports.

In terms of the main suppliers, Latvia, with a CAGR of +148.5%, 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

In 2021, the average preserved herring import price amounted to $X per ton, rising by 8.4% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 11% against the previous year. The import price peaked at $X per ton in 2013; however, from 2014 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, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Estonia ($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 (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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