Sweden: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in Sweden

The Swedish market for herring, salted or in brine rose markedly to $X in 2022, with an increase of 5.7% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +10.3% 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 -5.4% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Herring, Salted Or In Brine in Sweden

In value terms, herring, salted or in brine production rose markedly to $X in 2022 estimated in export price. In general, production enjoyed prominent growth. The pace of growth was the most pronounced in 2013 when the production volume increased by 170% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Herring, Salted Or In Brine

Exports from Sweden

In 2022, herring, salted or in brine exports from Sweden surged to X tons, picking up by 129% compared with the previous year. Over the period under review, exports, however, showed a perceptible descent. The growth pace was the most rapid in 2020 when exports increased by 586%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, herring, salted or in brine exports surged to $X in 2022. Overall, exports, however, saw a noticeable decline. The pace of growth appeared the most rapid in 2020 with an increase of 599% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons) was the main destination for herring, salted or in brine exports from Sweden, with a 64% share of total exports. Moreover, herring, salted or in brine exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), twofold. The third position in this ranking was taken by Norway (X tons), with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-18.1% per year) and Norway (+77.2% per year).

In value terms, Germany ($X), Italy ($X) and Norway ($X) appeared to be the largest markets for herring, salted or in brine exported from Sweden worldwide, together accounting for 97% of total exports.

In terms of the main countries of destination, Norway, with a CAGR of +77.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for herring, salted or in brine stood at $X per ton in 2022, falling by -7.6% against the previous year. Over the period under review, the export price, however, enjoyed a slight expansion. The most prominent rate of growth was recorded in 2016 an increase of 149%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to Germany ($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 Italy (+5.5%), while the prices for the other major destinations experienced a decline.

Imports of Herring, Salted Or In Brine

Imports into Sweden

Herring, salted or in brine imports into Sweden soared to X tons in 2022, growing by 61% compared with 2021. In general, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2020 when imports increased by 2,526%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, herring, salted or in brine imports soared to $X in 2022. Overall, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 2,584% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Norway (X tons) was the main supplier of herring, salted or in brine to Sweden, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Norway amounted to -9.7%.

In value terms, Norway ($X) constituted the largest supplier of herring, salted or in brine to Sweden.

From 2012 to 2022, the average annual rate of growth in terms of value from Norway totaled -10.7%.

Import Prices by Country

In 2022, the average import price for herring, salted or in brine amounted to $X per ton, surging by 29% against the previous year. In general, the import price, however, saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 when the average import price increased by 35% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to -1.2% per year.

Source: IndexBox Platform

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