Report Update Nov 1, 2024

Ireland - Herrings (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Ireland: Preserved Herring Market 2024

Preserved Herring Market Size in Ireland

In 2021, the Irish preserved herring market decreased by -66.8% to $X, falling for the third consecutive year after three years of growth. Over the period under review, consumption saw a abrupt descent. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Preserved Herring Production in Ireland

In value terms, preserved herring production declined sharply to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by 92%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Preserved Herring Exports

Exports from Ireland

Preserved herring exports from Ireland shrank sharply to X tons in 2021, with a decrease of -23.3% compared with the previous year's figure. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 17% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved herring exports fell to $X in 2021. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 27%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for preserved herring exports from Ireland, with a 98% share of total exports. It was followed by Greece (X tons), with a 1.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK amounted to -7.1%.

In value terms, the UK ($X) remains the key foreign market for herrings (prepared or preserved) exports from Ireland, comprising 98% of total exports. The second position in the ranking was taken by Greece ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the UK stood at -6.3%.

Export Prices by Country

In 2021, the average preserved herring export price amounted to $X per ton, with an increase of 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2013 an increase of 47%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Herring Imports

Imports into Ireland

In 2021, approx. X tons of herrings (prepared or preserved) were imported into Ireland; which is down by -78.5% compared with 2020 figures. Overall, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 76% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, preserved herring imports declined remarkably to $X in 2021. Over the period under review, imports continue to indicate a pronounced slump. The growth pace was the most rapid in 2014 with an increase of 132%. Over the period under review, imports hit record highs at $X in 2020, and then contracted rapidly in the following year.

Imports by Country

The Netherlands (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of preserved herring imports to Ireland, with a combined 53% share of total imports. The UK, Spain, Lithuania and Sweden lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +267.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Spain ($X) and Germany ($X) constituted the largest preserved herring suppliers to Ireland, with a combined 69% share of total imports.

Spain, with a CAGR of +431.6%, 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 preserved herring import price stood at $X per ton in 2021, with an increase of 27% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 57% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, 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 Spain ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+44.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for herrings (prepared or preserved) in the world?

China remains the largest preserved herring consuming country worldwide, accounting for 18% of total volume. Moreover, preserved herring consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 6.3% share.

What are the largest producers of herrings (prepared or preserved) in the world?

China constituted the country with the largest volume of preserved herring production, comprising approx. 18% of total volume. Moreover, preserved herring production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by the United States, with a 6% share.

What are the leading suppliers of herrings (prepared or preserved) to Ireland?

In value terms, the largest preserved herring suppliers to Ireland were the Netherlands, Spain and Germany, together comprising 69% of total imports.

What are the leading importers of herrings (prepared or preserved) from Ireland?

In value terms, the UK remains the key foreign market for preserved herring exports from Ireland, comprising 98% of total exports. The second position in the ranking was occupied by Greece, with a 2% share of total exports.

What is the average export price for herrings (prepared or preserved) in Ireland?

The average preserved herring export price stood at $6,124 per ton in 2021, jumping by 16% against the previous year.

What is the average import price for herrings (prepared or preserved) in Ireland?

In 2021, the average preserved herring import price amounted to $6,262 per ton, rising by 24% against the previous year.

This report provides an in-depth analysis of the preserved herring market in Ireland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

Ireland

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Ireland
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023