Netherlands: Preserved Herring Market 2024

Preserved Herring Market Size in the Netherlands

In 2021, the Dutch preserved herring market increased by 14% to $X for the first time since 2015, thus ending a five-year declining trend. Overall, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Preserved Herring Production in the Netherlands

In value terms, preserved herring production stood at $X in 2021 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +13.4% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 38% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Preserved Herring Exports

Exports from the Netherlands

In 2021, shipments abroad of herrings (prepared or preserved) decreased by -73.2% to X tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 176% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved herring exports shrank markedly to $X in 2021. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 183% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for preserved herring exports from the Netherlands, accounting for a 54% share of total exports. Moreover, preserved herring exports to Germany exceeded the volume sent to the second major destination, Belgium (X tons), threefold. The UK (X tons) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Germany was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-15.0% per year) and the UK (+46.1% per year).

In value terms, Germany ($X) remains the key foreign market for herrings (prepared or preserved) exports from the Netherlands, comprising 61% of total exports. The second position in the ranking was held by Belgium ($X), with a 14% share of total exports. It was followed by the UK, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-14.3% per year) and the UK (+39.4% per year).

Export Prices by Country

In 2021, the average preserved herring export price amounted to $X per ton, which is down by -11.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average export price increased by 34%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Spain ($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 France (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Herring Imports

Imports into the Netherlands

In 2021, purchases abroad of herrings (prepared or preserved) decreased by -20.9% to X tons, falling for the fourth year in a row after three years of growth. Over the period under review, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2016 with an increase of 78%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, preserved herring imports dropped significantly to $X in 2021. Overall, imports recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 133%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X tons), Germany (X tons) and Latvia (X tons) were the main suppliers of preserved herring imports to the Netherlands, together comprising 89% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +47.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest preserved herring suppliers to the Netherlands were Poland ($X), Germany ($X) and Latvia ($X), with a combined 89% share of total imports.

Latvia, with a CAGR of +58.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average preserved herring import price stood at $X per ton in 2021, declining by -9.3% against the previous year. Overall, the import price recorded a slight reduction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 31% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Denmark ($X per ton) and Germany ($X per ton), while the price for Belgium ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+7.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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