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

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

The Italian market for caviar (salmon) and caviar substitutes surged to $X in 2021, picking up by 172% against the previous year. In general, consumption continues to indicate a remarkable increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Caviar (Salmon) And Caviar Substitutes in Italy

In value terms, caviar (salmon) and caviar substitutes production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded a significant increase. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Italy

In 2021, the amount of caviar (salmon) and caviar substitutes exported from Italy declined significantly to X tons, which is down by -26.4% on 2020 figures. In general, exports, however, showed pronounced growth. The pace of growth was the most pronounced in 2014 when exports increased by 155% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, caviar (salmon) and caviar substitutes exports fell dramatically to $X in 2021. Over the period under review, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 344%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X tons), France (X tons) and Slovenia (X tons) were the main destinations of caviar (salmon) and caviar substitutes exports from Italy, with a combined 52% share of total exports. Maldives, Hong Kong SAR, the United States, the UK, South Korea, Greece, Israel, Switzerland, Austria and Russia lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +61.1%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) emerged as the key foreign market for caviar (salmon) and caviar substitutes exports from Italy, comprising 44% of total exports. The second position in the ranking was held by France ($X), with a 10% share of total exports. It was followed by the United States, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan amounted to +8.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+34.9% per year) and the United States (+5.1% per year).

Export Prices by Country

The average export price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, with an increase of 2.3% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.1% 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 export price increased by +68.4% against 2017 indices. The growth pace was the most rapid in 2014 an increase of 74% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Italy

In 2021, imports of caviar (salmon) and caviar substitutes into Italy surged to X tons, growing by 60% compared with the previous year's figure. Over the period under review, total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes imports skyrocketed to $X in 2021. Overall, imports posted buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Denmark (X tons), Germany (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of caviar (salmon) and caviar substitutes imports to Italy, with a combined 51% share of total imports. The Netherlands, Romania, China, Sweden, Latvia, Poland and France lagged somewhat behind, together comprising a further 46%.

From 2012 to 2021, the biggest increases were recorded for Latvia (with a CAGR of +197.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest caviar (salmon) and caviar substitutes suppliers to Italy were Germany ($X), Denmark ($X) and Taiwan (Chinese) ($X), together accounting for 63% of total imports. These countries were followed by the Netherlands, Sweden, China, Latvia, Poland, Romania and France, which together accounted for a further 31%.

In terms of the main suppliers, Latvia, with a CAGR of +183.6%, recorded the highest growth rate of 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 2021, the average import price for caviar (salmon) and caviar substitutes amounted to $X per ton, with an increase of 5.5% against the previous year. Overall, import price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.5% 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 +91.4% against 2015 indices. The pace of growth appeared the most rapid in 2017 an increase of 19%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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