France: Preserved Sardines Market 2024

Preserved Sardines Market Size in France

After two years of growth, the French preserved sardines market decreased by -3.7% to $X in 2022. Over the period under review, consumption continues to indicate a slight curtailment. Preserved sardines consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Preserved Sardines Production in France

In value terms, preserved sardines production stood at $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 11% against the previous year. Preserved sardines production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Preserved Sardines Exports

Exports from France

In 2022, shipments abroad of sardines (prepared or preserved) was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when exports increased by 32%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, preserved sardines exports rose sharply to $X in 2022. Overall, total exports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 39%. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X tons) was the main destination for preserved sardines exports from France, accounting for a 31% share of total exports. Moreover, preserved sardines exports to Belgium exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was taken by Portugal (X tons), with a 7% share.

From 2012 to 2022, the average annual growth rate of volume to Belgium amounted to +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+36.5% per year) and Portugal (+41.0% per year).

In value terms, Belgium ($X) remains the key foreign market for sardines (prepared or preserved) exports from France, comprising 30% of total exports. The second position in the ranking was held by Germany ($X), with a 9.2% share of total exports. It was followed by Switzerland, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Belgium stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+11.6% per year) and Switzerland (+3.9% per year).

Export Prices by Country

In 2022, the average preserved sardines export price amounted to $X per ton, shrinking by -6.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The growth pace was the most rapid in 2019 when the average export price increased by 29% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Sardines Imports

Imports into France

In 2022, overseas purchases of sardines (prepared or preserved) decreased by -11.8% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 22%. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved sardines imports contracted to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 23% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Morocco (X tons) constituted the largest supplier of preserved sardines to France, accounting for a 59% share of total imports. Moreover, preserved sardines imports from Morocco exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2022, the average annual growth rate of volume from Morocco was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-1.2% per year) and the Netherlands (+90.7% per year).

In value terms, the largest preserved sardines suppliers to France were Morocco ($X), Portugal ($X) and Croatia ($X), together comprising 91% of total imports. The Netherlands and Spain lagged somewhat behind, together accounting for a further 6.3%.

In terms of the main suppliers, the Netherlands, with a CAGR of +85.6%, 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 2022, the average preserved sardines import price amounted to $X per ton, surging by 6.1% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 20% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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