Israel: Preserved Salmon Market 2024

Preserved Salmon Market Size in Israel

After three years of decline, the Israeli preserved salmon market increased by 2.9% to $X in 2021. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Preserved salmon consumption peaked at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Preserved Salmon Production in Israel

In value terms, preserved salmon production rose slightly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 31%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Preserved Salmon Exports

Exports from Israel

In 2021, shipments abroad of salmon (prepared or preserved) increased by 2.1% to X tons, rising for the fourth year in a row after two years of decline. In general, exports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 159%. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, preserved salmon exports expanded to $X in 2021. Overall, exports posted resilient growth. The growth pace was the most rapid in 2019 with an increase of 166%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons) was the main destination for preserved salmon exports from Israel, accounting for a 82% share of total exports. Moreover, preserved salmon exports to the United States exceeded the volume sent to the second major destination, China (X tons), fivefold.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +12.8%.

In value terms, the United States ($X) remains the key foreign market for salmon (prepared or preserved) exports from Israel, comprising 80% of total exports. The second position in the ranking was held by China ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +14.4%.

Export Prices by Country

In 2021, the average preserved salmon export price amounted to $X per ton, stabilizing at the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved salmon export price increased by +60.6% against 2016 indices. The growth pace was the most rapid in 2017 when the average export price increased by 55%. 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 remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.5%).

Preserved Salmon Imports

Imports into Israel

In 2021, purchases abroad of salmon (prepared or preserved) increased by 26% to X tons, rising for the second year in a row after three years of decline. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 183%. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, preserved salmon imports soared to $X in 2021. Overall, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 152% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

Imports by Country

Latvia (X tons), China (X tons) and Canada (X tons) were the main suppliers of preserved salmon imports to Israel, together accounting for 76% of total imports. Germany, Belarus, the United States, Poland and Russia lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +126.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Latvia ($X), China ($X) and Germany ($X) appeared to be the largest preserved salmon suppliers to Israel, with a combined 81% share of total imports.

Germany, with a CAGR of +109.9%, 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

In 2021, the average preserved salmon import price amounted to $X per ton, standing approx. at the previous year. In general, the import price posted buoyant growth. The growth pace was the most rapid in 2017 when the average import price increased by 95% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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