Spain: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in Spain

The Spanish market for herring, salted or in brine stood at $X in 2022, rising by 6.9% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -6.1% against 2020 indices. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Herring, Salted Or In Brine in Spain

In value terms, herring, salted or in brine production rose significantly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 51% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Herring, Salted Or In Brine

Exports from Spain

In 2019, approx. X tons of herring, salted or in brine were exported from Spain; reducing by -39.2% on 2018 figures. Over the period under review, exports recorded a sharp setback. The pace of growth was the most pronounced in 2013 with an increase of 373% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2019, the growth of the exports remained at a somewhat lower figure.

In value terms, herring, salted or in brine exports rose remarkably to $X in 2019. Overall, exports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by 189%. As a result, the exports attained the peak of $X. From 2014 to 2019, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The Czech Republic (X kg) was the main destination for herring, salted or in brine exports from Spain, accounting for a approx. 70% share of total exports.

From 2012 to 2019, the average annual rate of growth in terms of volume to the Czech Republic amounted to -34.0%.

In value terms, the Czech Republic ($X) also remains the key foreign market for herring, salted or in brine exports from Spain.

From 2012 to 2019, the average annual rate of growth in terms of value to the Czech Republic stood at -32.2%.

Export Prices by Country

In 2019, the average export price for herring, salted or in brine amounted to $X per ton, with an increase of 80% against the previous year. Over the period under review, the export price posted a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the Czech Republic.

From 2012 to 2019, the rate of growth in terms of prices for the Czech Republic amounted to +2.7% per year.

Imports of Herring, Salted Or In Brine

Imports into Spain

In 2022, supplies from abroad of herring, salted or in brine decreased by -20.4% to X tons, falling for the third consecutive year after six years of growth. Overall, imports, however, posted a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 107% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, herring, salted or in brine imports reduced to $X in 2022. In general, imports, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 119% against the previous year. Imports peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of herring, salted or in brine to Spain, accounting for a 75% share of total imports. Moreover, herring, salted or in brine imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+15.5% per year) and Lithuania (+6.4% per year).

In value terms, Germany ($X) constituted the largest supplier of herring, salted or in brine to Spain, comprising 82% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany stood at +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+15.3% per year) and Lithuania (+35.4% per year).

Import Prices by Country

The average import price for herring, salted or in brine stood at $X per ton in 2022, jumping by 17% against the previous year. Overall, the import price, however, recorded a drastic downturn. The growth pace was the most rapid in 2018 when the average import price increased by 34%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+185.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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