Spain: Smoked Herring Market 2025

Smoked Herring Market Size in Spain

The Spanish smoked herring market fell sharply to $X in 2022, waning by -27.9% against the previous year. In general, consumption, however, saw buoyant growth. Smoked herring consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Smoked Herring Production in Spain

In value terms, smoked herring production fell markedly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by 287% against the previous year. As a result, production attained the peak level of $X, and then shrank significantly in the following year.

Smoked Herring Exports

Exports from Spain

Smoked herring exports from Spain expanded significantly to X tons in 2022, with an increase of 11% compared with the year before. Over the period under review, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 100%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, smoked herring exports skyrocketed to $X in 2022. In general, exports, however, saw a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 173%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Portugal (X kg) was the main destination for smoked herring exports from Spain, accounting for a 73% share of total exports. Moreover, smoked herring exports to Portugal exceeded the volume sent to the second major destination, Gibraltar (X kg), fourfold. The third position in this ranking was held by Singapore (X kg), with a 4.4% share.

From 2012 to 2022, the average annual growth rate of volume to Portugal stood at +26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gibraltar (-7.0% per year) and Singapore (0.0% per year).

In value terms, Portugal ($X) remains the key foreign market for smoked herrings exports from Spain, comprising 88% of total exports. The second position in the ranking was held by Gibraltar ($X), with a 5% share of total exports. It was followed by Singapore, with a 4.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Portugal totaled +21.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Gibraltar (-11.2% per year) and Singapore (0.0% per year).

Export Prices by Country

The average smoked herring export price stood at $X per ton in 2022, jumping by 29% against the previous year. Overall, the export price recorded prominent growth. The pace of growth appeared the most rapid in 2014 an increase of 74% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per ton), while the average price for exports to Gibraltar ($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 Tunisia (+50.3%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Herring Imports

Imports into Spain

Smoked herring imports into Spain shrank rapidly to X tons in 2022, with a decrease of -18.5% compared with the year before. Overall, imports, however, continue to indicate mild growth. The pace of growth appeared the most rapid in 2016 when imports increased by 113%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, smoked herring imports fell rapidly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 208% against the previous year. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest smoked herring supplier to Spain, accounting for a 70% share of total imports. Moreover, smoked herring imports from Poland exceeded the figures recorded by the second-largest supplier, Ireland (X tons), fivefold. The Netherlands (X tons) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+587.9% per year) and the Netherlands (-19.9% per year).

In value terms, Poland ($X) constituted the largest supplier of smoked herrings to Spain, comprising 59% of total imports. The second position in the ranking was held by Ireland ($X), with a 20% share of total imports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (+634.7% per year) and the Netherlands (-17.0% per year).

Import Prices by Country

The average smoked herring import price stood at $X per ton in 2022, reducing by -2.9% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 61% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a 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 the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :