Romania: Preserved Herring Market 2024

Preserved Herring Market Size in Romania

The Romanian preserved herring market rose remarkably to $X in 2021, with an increase of 5.8% against the previous year. The market value increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Preserved herring consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Preserved Herring Production in Romania

In value terms, preserved herring production reduced markedly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 140% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Preserved Herring Exports

Exports from Romania

In 2021, after two years of growth, there was significant decline in overseas shipments of herrings (prepared or preserved), when their volume decreased by -45.5% to X tons. In general, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 317%. As a result, the exports reached the peak of X tons, and then dropped significantly in the following year.

In value terms, preserved herring exports dropped dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2020 with an increase of 230% against the previous year. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

France (X tons) was the main destination for preserved herring exports from Romania, accounting for a 58% share of total exports. Moreover, preserved herring exports to France exceeded the volume sent to the second major destination, Bulgaria (X tons), threefold. The third position in this ranking was held by the UK (X tons), with a 6.1% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +356.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+12.1% per year) and the UK (+63.6% per year).

In value terms, France ($X) remains the key foreign market for herrings (prepared or preserved) exports from Romania, comprising 56% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 23% share of total exports. It was followed by the UK, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France stood at +317.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+12.6% per year) and the UK (+62.1% per year).

Export Prices by Country

The average preserved herring export price stood at $X per ton in 2021, with an increase of 32% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Hungary ($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 Spain (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Herring Imports

Imports into Romania

Preserved herring imports into Romania rose notably to X tons in 2021, with an increase of 7.5% against the previous year. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when imports increased by 102%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, preserved herring imports totaled $X in 2021. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when imports increased by 56%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Poland (X tons) constituted the largest supplier of preserved herring to Romania, accounting for a 79% share of total imports. Moreover, preserved herring imports from Poland exceeded the figures recorded by the second-largest supplier, Germany (X tons), fivefold. The third position in this ranking was taken by Austria (X tons), with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Poland stood at +21.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.5% per year) and Austria (+42.4% per year).

In value terms, Poland ($X) constituted the largest supplier of herrings (prepared or preserved) to Romania, comprising 77% of total imports. The second position in the ranking was held by Germany ($X), with a 17% share of total imports. It was followed by Austria, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value from Poland amounted to +20.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.7% per year) and Austria (+38.7% per year).

Import Prices by Country

The average preserved herring import price stood at $X per ton in 2021, growing by 4.2% against the previous year. Overall, the import price, however, recorded a slight contraction. The pace of growth appeared the most rapid in 2013 an increase of 9.9%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Austria ($X per ton) and Germany ($X per ton), while the price for Latvia ($X per ton) and Poland ($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 (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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