France: Smoked Salmon Market 2024

Smoked Salmon Market Size in France

The French smoked salmon market soared to $X in 2022, with an increase of 26% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Smoked Salmon Production in France

In value terms, smoked salmon production surged to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 55% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Smoked Salmon Exports

Exports from France

Smoked salmon exports from France reduced sharply to X tons in 2022, falling by -20.6% against 2021. Overall, exports saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 127%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, smoked salmon exports reduced sharply to $X in 2022. In general, exports continue to indicate a mild decrease. The pace of growth was the most pronounced in 2021 when exports increased by 88%. As a result, the exports attained the peak of $X, and then fell sharply in the following year.

Exports by Country

Italy (X tons) was the main destination for smoked salmon exports from France, accounting for a 34% share of total exports. Moreover, smoked salmon exports to Italy exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The third position in this ranking was taken by Switzerland (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Italy totaled -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-9.3% per year) and Switzerland (+22.4% per year).

In value terms, the largest markets for smoked salmon exported from France were Italy ($X), Switzerland ($X) and Belgium ($X), with a combined 66% share of total exports. Spain, Greece, Portugal, the Netherlands and Austria lagged somewhat behind, together accounting for a further 17%.

The Netherlands, with a CAGR of +145.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average smoked salmon export price amounted to $X per ton, with an increase of 2.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2019 when the average export price increased by 43%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to the Netherlands ($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 (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Salmon Imports

Imports into France

In 2022, approx. X tons of smoked pacific, atlantic and danube salmon were imported into France; increasing by 23% on the year before. Over the period under review, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, smoked salmon imports amounted to $X in 2022. In general, total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.4% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 45%. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

Sweden (X tons), Poland (X tons) and the UK (X tons) were the main suppliers of smoked salmon imports to France, together comprising 65% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +55.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Sweden ($X) and the UK ($X) appeared to be the largest smoked salmon suppliers to France, together accounting for 58% of total imports.

Sweden, with a CAGR of +46.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average smoked salmon import price stood at $X per ton in 2022, waning by -9.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2018 an increase of 25%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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