Israel: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in Israel

In 2021, the Israeli caviar (sturgeon) market decreased by -3.8% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption, however, posted strong growth. Over the period under review, the market reached the maximum level at $X in 2020, and then dropped modestly in the following year.

Caviar (Sturgeon) Production in Israel

In value terms, caviar (sturgeon) production fell slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 57% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then shrank in the following year.

Caviar (Sturgeon) Exports

Exports from Israel

In 2021, overseas shipments of caviar (sturgeon) increased by 30% to X tons, rising for the second year in a row after two years of decline. In general, exports enjoyed a noticeable expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 36%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, caviar (sturgeon) exports soared to $X in 2021. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for caviar (sturgeon) exports from Israel, with a 65% share of total exports. Moreover, caviar (sturgeon) exports to the United States exceeded the volume sent to the second major destination, France (X tons), threefold. Japan (X kg) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +8.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.1% per year) and Japan (-3.7% per year).

In value terms, the United States ($X) remains the key foreign market for caviar (sturgeon) exports from Israel, comprising 65% of total exports. The second position in the ranking was taken by France ($X), with a 22% share of total exports. It was followed by Japan, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.3% per year) and Japan (-3.4% per year).

Export Prices by Country

The average caviar (sturgeon) export price stood at $X per ton in 2021, growing by 7.7% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 22% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major external markets. In 2021, the countries with the highest prices were Canada ($X per ton) and Switzerland ($X per ton), while the average price for exports to the United States ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.

Caviar (Sturgeon) Imports

Imports into Israel

In 2021, approx. X tons of caviar (sturgeon) were imported into Israel; increasing by 17% compared with 2020 figures. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 522% against the previous year. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, caviar (sturgeon) imports reduced to $X in 2021. In general, imports, however, recorded a slight reduction. The pace of growth was the most pronounced in 2017 with an increase of 471% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Belarus (X tons) and China (X tons) were the main suppliers of caviar (sturgeon) imports to Israel, together comprising 86% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +66.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Belarus ($X) and China ($X) constituted the largest caviar (sturgeon) suppliers to Israel, together comprising 86% of total imports.

Belarus, with a CAGR of +58.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average caviar (sturgeon) import price amounted to $X per ton, which is down by -21.7% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The growth pace was the most rapid in 2019 an increase of 50%. Over the period under review, average import prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from China ($X per ton) and Germany ($X per ton), while the price for the United States ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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