Germany: Smoked Salmon Market 2024

Smoked Salmon Market Size in Germany

In 2022, the German smoked salmon market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption, however, recorded a pronounced curtailment. Smoked salmon consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Smoked Salmon Production in Germany

In value terms, smoked salmon production soared to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Smoked salmon production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Smoked Salmon Exports

Exports from Germany

In 2022, after two years of decline, there was growth in shipments abroad of smoked pacific, atlantic and danube salmon, when their volume increased by 4% to X tons. The total export volume increased at an average annual rate of +4.9% from 2012 to 2022; however, 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 23%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, smoked salmon exports expanded rapidly to $X in 2022. Overall, total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 33% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Austria (X tons), Italy (X tons) and Switzerland (X tons) were the main destinations of smoked salmon exports from Germany, together comprising 44% of total exports. France, the Netherlands, Belgium, the United States, Spain, Greece, Denmark, Ireland and the UK lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +80.1%), while the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Italy ($X) and Switzerland ($X) constituted the largest markets for smoked salmon exported from Germany worldwide, together accounting for 44% of total exports. The Netherlands, France, the United States, Belgium, Spain, Greece, Denmark, Ireland and the UK lagged somewhat behind, together accounting for a further 40%.

The United States, with a CAGR of +83.2%, recorded the highest rates of growth with regard to the value of exports, in terms of 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, rising by 6.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 14%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 Ireland (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Salmon Imports

Imports into Germany

In 2022, the amount of smoked pacific, atlantic and danube salmon imported into Germany dropped to X tons, which is down by -2.3% on the previous year. Over the period under review, imports saw a mild decline. The pace of growth appeared the most rapid in 2013 when imports increased by 13% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, smoked salmon imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 26% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest smoked salmon supplier to Germany, with a 66% share of total imports. Moreover, smoked salmon imports from Poland exceeded the figures recorded by the second-largest supplier, Lithuania (X tons), fivefold. The third position in this ranking was taken by Norway (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (-2.1% per year) and Norway (+7.9% per year).

In value terms, Poland ($X) constituted the largest supplier of smoked pacific, atlantic and danube salmon to Germany, comprising 66% of total imports. The second position in the ranking was held by Lithuania ($X), with a 14% share of total imports. It was followed by Norway, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Lithuania (+2.2% per year) and Norway (+9.1% per year).

Import Prices by Country

The average smoked salmon import price stood at $X per ton in 2022, increasing by 8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The growth pace was the most rapid in 2017 when the average import price increased by 20% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Lithuania ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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