Greece: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Greece

In 2021, the Greek market for caviar (salmon) and caviar substitutes was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption showed prominent growth. Over the period under review, the market hit record highs at $X in 2018; afterwards, it flattened through to 2021.

Production of Caviar (Salmon) And Caviar Substitutes in Greece

In value terms, caviar (salmon) and caviar substitutes production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 29%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Greece

In 2021, approx. X tons of caviar (salmon) and caviar substitutes were exported from Greece; with an increase of 88% compared with 2020 figures. Over the period under review, exports, however, saw a mild setback. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, caviar (salmon) and caviar substitutes exports soared to $X in 2021. Overall, exports, however, continue to indicate a perceptible descent. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), Cyprus (X tons) and Germany (X tons) were the main destinations of caviar (salmon) and caviar substitutes exports from Greece, together accounting for 58% of total exports. These countries were followed by France, the UK, Bulgaria, the Netherlands and the United States, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +14.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for caviar (salmon) and caviar substitutes exported from Greece were Cyprus ($X), Australia ($X) and France ($X), together comprising 60% of total exports. Germany, the UK, Bulgaria, the United States and the Netherlands lagged somewhat behind, together accounting for a further 33%.

Bulgaria, with a CAGR of +12.1%, saw 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 2021, the average export price for caviar (salmon) and caviar substitutes amounted to $X per ton, surging by 15% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 33%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 the United States (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Greece

In 2021, approx. X tons of caviar (salmon) and caviar substitutes were imported into Greece; rising by 91% compared with the previous year. Overall, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes imports soared to $X in 2021. In general, total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of caviar (salmon) and caviar substitutes imports to Greece, together accounting for 71% of total imports. Poland, the Netherlands, Latvia, Spain and Italy lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +427.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caviar (salmon) and caviar substitutes suppliers to Greece were Germany ($X), Denmark ($X) and Sweden ($X), with a combined 66% share of total imports. These countries were followed by Poland, Latvia, Spain, the Netherlands and Italy, which together accounted for a further 30%.

Among the main suppliers, Poland, with a CAGR of +344.7%, saw the highest growth rate of 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 import price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, which is down by -11.1% against the previous year. Overall, the import price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 46% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Latvia ($X per ton), while the price for the Netherlands ($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 (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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