Israel: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Israel

The Israeli market for caviar (salmon) and caviar substitutes contracted to $X in 2021, reducing by -5.7% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Caviar (Salmon) And Caviar Substitutes in Israel

In value terms, caviar (salmon) and caviar substitutes production reduced rapidly to $X in 2021 estimated in export price. In general, production faced a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 100%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Israel

In 2021, overseas shipments of caviar (salmon) and caviar substitutes decreased by -41.6% to X tons, falling for the third consecutive year after two years of growth. In general, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of 3,806% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, caviar (salmon) and caviar substitutes exports shrank dramatically to $X in 2021. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 4,684%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for caviar (salmon) and caviar substitutes exports from Israel, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +6.2%.

In value terms, Germany ($X) also remains the key foreign market for caviar (salmon) and caviar substitutes exports from Israel.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +13.9%.

Export Prices by Country

The average export price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, almost unchanged from the previous year. In general, the export price, however, recorded a resilient increase. The pace of growth was the most pronounced in 2015 an increase of 127%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Germany.

From 2012 to 2021, the rate of growth in terms of prices for Germany amounted to +7.2% per year.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Israel

In 2021, approx. X tons of caviar (salmon) and caviar substitutes were imported into Israel; shrinking by -17.2% on 2020. Overall, imports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 59%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, caviar (salmon) and caviar substitutes imports declined modestly to $X in 2021. In general, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 89% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The United States (X tons), the Netherlands (X tons) and Belarus (X tons) were the main suppliers of caviar (salmon) and caviar substitutes imports to Israel, with a combined 80% share 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 +49.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of caviar (salmon) and caviar substitutes to Israel, comprising 45% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 21% share of total imports. It was followed by Belarus, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.9% per year) and Belarus (+60.9% per year).

Import Prices by Country

The average import price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, growing by 19% against the previous year. Over the period under review, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, caviar (salmon) and caviar substitutes import price increased by +71.0% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Ukraine ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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