Greece: Preserved Salmon Market 2024

Preserved Salmon Market Size in Greece

In 2021, after six years of decline, there was growth in the Greek preserved salmon market, when its value increased by 0.9% to $X. Over the period under review, consumption, however, saw a deep contraction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Salmon Production in Greece

In value terms, preserved salmon production amounted to $X in 2021 estimated in export price. In general, production, however, saw a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 4.8% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Preserved Salmon Exports

Exports from Greece

In 2021, shipments abroad of salmon (prepared or preserved) increased by 99% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 6,245% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved salmon exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 4,524%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) and Cyprus (X kg) were the main destinations of preserved salmon exports from Greece.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of -2.2%).

In value terms, the largest markets for preserved salmon exported from Greece were Germany ($X) and Cyprus ($X).

Germany, with a CAGR of +8.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average preserved salmon export price stood at $X per ton in 2021, rising by 131% against the previous year. Over the period under review, the export price, however, showed a abrupt curtailment. The growth pace was the most rapid in 2017 an increase of 156% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Cyprus stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+24.3%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Salmon Imports

Imports into Greece

Preserved salmon imports into Greece declined to X tons in 2021, shrinking by -13.5% on 2020. Over the period under review, total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 47% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved salmon imports dropped to $X in 2021. Overall, total imports indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.1% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 24%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X tons) constituted the largest supplier of preserved salmon to Greece, with a 41% share of total imports. Moreover, preserved salmon imports from Italy exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. Germany (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+42.5% per year) and Germany (-4.1% per year).

In value terms, Italy ($X) constituted the largest supplier of salmon (prepared or preserved) to Greece, comprising 55% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Denmark, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Italy amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.6% per year) and Denmark (+1.9% per year).

Import Prices by Country

The average preserved salmon import price stood at $X per ton in 2021, picking up by 2.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2016 an increase of 21%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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