Norway: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in Norway

In 2022, after four years of decline, there was significant growth in the Norwegian market for herring, salted or in brine, when its value increased by 110% to $X. Over the period under review, consumption, however, showed a deep setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Herring, Salted Or In Brine in Norway

In value terms, herring, salted or in brine production expanded to $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when the production volume increased by 53%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Herring, Salted Or In Brine

Exports from Norway

In 2022, after three years of growth, there was significant decline in overseas shipments of herring, salted or in brine, when their volume decreased by -20.9% to X tons. Over the period under review, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by 233% against the previous year. The exports peaked at X tons in 2021, and then declined dramatically in the following year.

In value terms, herring, salted or in brine exports totaled $X in 2022. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 285%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Lithuania (X tons) was the main destination for herring, salted or in brine exports from Norway, accounting for a 62% share of total exports. Moreover, herring, salted or in brine exports to Lithuania exceeded the volume sent to the second major destination, Ukraine (X tons), twofold. The Netherlands (X tons) ranked third in terms of total exports with a 7.2% share.

From 2012 to 2022, the average annual growth rate of volume to Lithuania totaled +77.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+46.7% per year) and the Netherlands (+9.9% per year).

In value terms, Lithuania ($X) emerged as the key foreign market for herring, salted or in brine exports from Norway, comprising 63% of total exports. The second position in the ranking was held by Ukraine ($X), with a 27% share of total exports. It was followed by the Netherlands, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Lithuania amounted to +79.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+56.6% per year) and the Netherlands (+11.6% per year).

Export Prices by Country

The average export price for herring, salted or in brine stood at $X per ton in 2022, jumping by 27% against the previous year. Overall, the export price, however, recorded a mild contraction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Lithuania ($X per ton) and Denmark ($X per ton), while the average price for exports to Finland ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Herring, Salted Or In Brine

Imports into Norway

For the fourth consecutive year, Norway recorded growth in supplies from abroad of herring, salted or in brine, which increased by 157% to X kg in 2022. In general, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of 327%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, herring, salted or in brine imports soared to $X in 2022. Over the period under review, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 671%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X kg), Sweden (X kg) and Poland (X kg) were the main suppliers of herring, salted or in brine imports to Norway.

From 2015 to 2022, the biggest increases were recorded for Germany (with a CAGR of +60.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Sweden ($X) and Poland ($X) constituted the largest herring, salted or in brine suppliers to Norway.

Germany, with a CAGR of +56.6%, recorded the highest growth rate of 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

The average import price for herring, salted or in brine stood at $X per ton in 2022, standing approx. at the previous year. In general, the import price, however, posted a significant increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 93% against the previous year. As a result, import price attained the peak level of $X per ton, and then declined modestly in the following year.

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

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+15.6%).

Source: IndexBox Platform

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