Greece: Smoked Herring Market 2025

Smoked Herring Market Size in Greece

In 2022, the Greek smoked herring market increased by 1.8% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a abrupt setback. Smoked herring consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Smoked Herring Production in Greece

In value terms, smoked herring production dropped modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +13.2% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 70% against the previous year. Smoked herring production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Smoked Herring Exports

Exports from Greece

In 2022, smoked herring exports from Greece shrank significantly to X tons, with a decrease of -29.9% compared with 2021 figures. Over the period under review, total exports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -36.4% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 27%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, smoked herring exports contracted significantly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 28% against the previous year. The exports peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

Italy (X tons) was the main destination for smoked herring exports from Greece, accounting for a 70% share of total exports. Moreover, smoked herring exports to Italy exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was taken by Australia (X tons), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Italy stood at +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-8.5% per year) and Australia (+3.4% per year).

In value terms, Italy ($X) remains the key foreign market for smoked herrings exports from Greece, comprising 67% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 17% share of total exports. It was followed by Australia, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-10.4% per year) and Australia (+1.1% per year).

Export Prices by Country

The average smoked herring export price stood at $X per ton in 2022, standing approx. at the previous year. Overall, the export price, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2021 when the average export price increased by 24%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Spain ($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 Italy (-1.4%), while the prices for the other major destinations experienced a decline.

Smoked Herring Imports

Imports into Greece

In 2022, approx. X tons of smoked herrings were imported into Greece; shrinking by -20.8% compared with the previous year's figure. Over the period under review, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, smoked herring imports declined dramatically to $X in 2022. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 29%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest smoked herring supplier to Greece, accounting for a 88% share of total imports. Moreover, smoked herring imports from the Netherlands exceeded the figures recorded by the second-largest supplier, France (X tons), tenfold.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.3% per year) and Germany (+12.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of smoked herrings to Greece, comprising 78% of total imports. The second position in the ranking was held by France ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+3.8% per year) and Germany (+5.0% per year).

Import Prices by Country

In 2022, the average smoked herring import price amounted to $X per ton, waning by -8.7% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by 25%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average 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 France ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (-0.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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