Israel: Preserved Herring Market 2024

Preserved Herring Market Size in Israel

In 2021, after two years of growth, there was decline in the Israeli preserved herring market, when its value decreased by -3% to $X. The market value increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2020, and then reduced in the following year.

Preserved Herring Production in Israel

In value terms, preserved herring production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 25% against the previous year. Preserved herring production peaked at $X in 2020, and then fell in the following year.

Preserved Herring Exports

Exports from Israel

In 2021, shipments abroad of herrings (prepared or preserved) decreased by -13.4% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 1,907%. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, preserved herring exports surged to $X in 2021. In general, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 850% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for preserved herring exports from Israel, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +30.4%.

In value terms, the United States ($X) also remains the key foreign market for herrings (prepared or preserved) exports from Israel.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +30.6%.

Export Prices by Country

The average preserved herring export price stood at $X per ton in 2021, picking up by 33% against the previous year. In general, the export price enjoyed a mild increase. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 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 the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +0.2% per year.

Preserved Herring Imports

Imports into Israel

In 2021, approx. X tons of herrings (prepared or preserved) were imported into Israel; jumping by 170% on the year before. Overall, imports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by 187%. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, preserved herring imports soared to $X in 2021. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 192% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Belarus (X tons) constituted the largest preserved herring supplier to Israel, accounting for a 76% share of total imports. Moreover, preserved herring imports from Belarus exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold. The third position in this ranking was taken by Latvia (X tons), with a 3.8% share.

From 2012 to 2021, the average annual growth rate of volume from Belarus amounted to +59.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+35.8% per year) and Latvia (-1.5% per year).

In value terms, Belarus ($X) constituted the largest supplier of herrings (prepared or preserved) to Israel, comprising 76% of total imports. The second position in the ranking was held by Turkey ($X), with an 11% share of total imports. It was followed by Latvia, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belarus totaled +54.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+34.5% per year) and Latvia (+0.8% per year).

Import Prices by Country

In 2021, the average preserved herring import price amounted to $X per ton, approximately equating the previous year. In general, the import price recorded a slight contraction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 26% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the Netherlands ($X per ton) and Belarus ($X per ton), while the price for Lithuania ($X per ton) and Germany ($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 Netherlands (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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