Italy: Smoked Salmon Market 2024

Smoked Salmon Market Size in Italy

The Italian smoked salmon market skyrocketed to $X in 2022, with an increase of 32% against the previous year. In general, consumption recorded prominent growth. Smoked salmon consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Smoked Salmon Production in Italy

In value terms, smoked salmon production soared to $X in 2022 estimated in export price. Over the period under review, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +83.4% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the production volume increased by 42% against the previous year. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Smoked Salmon Exports

Exports from Italy

In 2022, overseas shipments of smoked pacific, atlantic and danube salmon increased by 49% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, smoked salmon exports soared to $X in 2022. Overall, exports saw a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X tons), Malta (X tons) and Ireland (X tons) were the main destinations of smoked salmon exports from Italy, together accounting for 58% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of +342.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Malta ($X) and the Netherlands ($X) appeared to be the largest markets for smoked salmon exported from Italy worldwide, together comprising 63% of total exports. Spain, Switzerland, Croatia, Austria, Germany, Greece, Slovenia and Ireland lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Ireland, with a CAGR of +229.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average smoked salmon export price amounted to $X per ton, with an increase of 31% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +11.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, smoked salmon export price increased by +29.4% against 2019 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Ireland ($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 Spain (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Salmon Imports

Imports into Italy

For the fifth year in a row, Italy recorded growth in overseas purchases of smoked pacific, atlantic and danube salmon, which increased by 1.1% to X tons in 2022. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.2% against 2017 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 33%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, smoked salmon imports rose sharply to $X in 2022. Over the period under review, total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +9.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.2% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 22% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

Poland (X tons), Lithuania (X tons) and Germany (X tons) were the main suppliers of smoked salmon imports to Italy, together comprising 80% of total imports. Denmark, France, Croatia, the Netherlands, Sweden, Spain and the UK lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Croatia (with a CAGR of +157.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest smoked salmon suppliers to Italy were Poland ($X), Lithuania ($X) and Germany ($X), with a combined 79% share of total imports. France, Denmark, Croatia, the Netherlands, Spain, Sweden and the UK lagged somewhat behind, together comprising a further 21%.

Croatia, with a CAGR of +182.4%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average smoked salmon import price stood at $X per ton in 2022, growing by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The growth pace was the most rapid in 2017 when the average import price increased by 18%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Croatia (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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