Ireland: Preserved Sardines Market 2024

Preserved Sardines Market Size in Ireland

The Irish preserved sardines market soared to $X in 2022, rising by 514% against the previous year. Overall, consumption, however, showed a abrupt shrinkage. Preserved sardines consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Preserved Sardines Production in Ireland

In value terms, preserved sardines production dropped rapidly to $X in 2022 estimated in export price. Overall, production recorded a precipitous slump. The most prominent rate of growth was recorded in 2013 when the production volume decreased by -36.3% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Preserved Sardines Exports

Exports from Ireland

In 2022, shipments abroad of sardines (prepared or preserved) decreased by 0% to X tons, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 with an increase of 1,189%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved sardines exports amounted to $X in 2022. In general, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 752%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands (X tons) was the main destination for preserved sardines exports from Ireland, with a 74% share of total exports. Moreover, preserved sardines exports to the Netherlands exceeded the volume sent to the second major destination, Germany (X kg), fourfold. The third position in this ranking was held by the United States (X kg), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-36.0% per year) and the United States (0.0% per year).

It was followed by the United States, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-12.3% per year) and the United States (0.0% per year).

Export Prices by Country

The average preserved sardines export price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 70% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Netherlands ($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 Germany (+36.9%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Sardines Imports

Imports into Ireland

In 2022, purchases abroad of sardines (prepared or preserved) decreased by 0% to X tons, falling for the second year in a row after two years of growth. Overall, imports saw a resilient expansion. The growth pace was the most rapid in 2020 when imports increased by 72%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, preserved sardines imports amounted to $X in 2022. Over the period under review, imports continue to indicate tangible growth. The pace of growth was the most pronounced in 2020 with an increase of 64%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Morocco (X tons), Germany (X tons) and Portugal (X tons) were the main suppliers of preserved sardines imports to Ireland, with a combined 93% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +113.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Morocco ($X), Germany ($X) and Portugal ($X) constituted the largest preserved sardines suppliers to Ireland, together comprising 91% of total imports.

In terms of the main suppliers, Germany, with a CAGR of +112.7%, recorded the highest rates of growth with regard to 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

In 2022, the average preserved sardines import price amounted to $X per ton, standing approx. at the previous year. In general, the import price saw a slight decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 37%. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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