Italy: Smoked Herring Market 2025

Smoked Herring Market Size in Italy

The Italian smoked herring market reduced rapidly to $X in 2022, declining by -17.6% against the previous year. Overall, consumption saw a abrupt decrease. Smoked herring consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Smoked Herring Production in Italy

In value terms, smoked herring production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a deep slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by 33% against the previous year. Smoked herring production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Smoked Herring Exports

Exports from Italy

In 2022, approx. X kg of smoked herrings were exported from Italy; falling by -34.5% on 2021. In general, exports faced a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 758% against the previous year. As a result, the exports attained the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, smoked herring exports declined to $X in 2022. Overall, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of 1,065%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X kg) was the main destination for smoked herring exports from Italy, with a 55% share of total exports. Moreover, smoked herring exports to Germany exceeded the volume sent to the second major destination, Slovenia (X kg), threefold. The third position in this ranking was held by Austria (X kg), with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at -22.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+17.0% per year) and Austria (+24.6% per year).

In value terms, Germany ($X) remains the key foreign market for smoked herrings exports from Italy, comprising 62% of total exports. The second position in the ranking was held by Slovenia ($X), with an 18% share of total exports. It was followed by Croatia, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled -4.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+17.6% per year) and Croatia (+32.5% per year).

Export Prices by Country

In 2022, the average smoked herring export price amounted to $X per ton, growing by 39% against the previous year. In general, the export price recorded a buoyant expansion. The most prominent rate of growth was recorded in 2018 an increase of 81% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Croatia ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Herring Imports

Imports into Italy

In 2022, the amount of smoked herrings imported into Italy contracted significantly to X tons, waning by -37.5% compared with the year before. In general, imports continue to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2014 with an increase of 36%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, smoked herring imports fell markedly to $X in 2022. Overall, imports recorded a perceptible decline. The growth pace was the most rapid in 2013 when imports increased by 11% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Lithuania (X tons), Greece (X tons) and France (X tons) were the main suppliers of smoked herring imports to Italy, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Lithuania (with a CAGR of +9.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest smoked herring suppliers to Italy were Lithuania ($X), Greece ($X) and France ($X), with a combined 94% share of total imports.

Among the main suppliers, Lithuania, with a CAGR of +6.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average smoked herring import price stood at $X per ton in 2022, growing by 33% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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