Switzerland: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Switzerland

In 2021, the Swiss preserved anchovies market decreased by -3.2% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then declined modestly in the following year.

Preserved Anchovies Production in Switzerland

In value terms, preserved anchovies production shrank to $X in 2021 estimated in export price. Overall, production, however, recorded a slight decline. The growth pace was the most rapid in 2018 when the production volume increased by 35%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Preserved Anchovies Exports

Exports from Switzerland

In 2021, after two years of decline, there was significant growth in shipments abroad of anchovies (prepared or preserved), when their volume increased by 54% to X kg. Overall, exports, however, saw a significant decrease. The most prominent rate of growth was recorded in 2017 with an increase of 86% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, preserved anchovies exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a dramatic decrease. The pace of growth appeared the most rapid in 2015 when exports increased by 133% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg), France (X kg) and Lebanon (X kg) were the main destinations of preserved anchovies exports from Switzerland, together comprising 64% of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +31.6%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Lebanon ($X) and Germany ($X) appeared to be the largest markets for preserved anchovies exported from Switzerland worldwide, with a combined 73% share of total exports.

Germany, with a CAGR of +42.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average preserved anchovies export price amounted to $X per ton, which is down by -8.7% against the previous year. Over the period under review, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Spain ($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 Kuwait (+75.6%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Anchovies Imports

Imports into Switzerland

In 2021, overseas purchases of anchovies (prepared or preserved) increased by 1.6% to X tons, rising for the second year in a row after four years of decline. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, preserved anchovies imports contracted slightly to $X in 2021. The total import value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 30% against the previous year. As a result, imports reached the peak of $X, and then declined modestly in the following year.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of preserved anchovies to Switzerland, accounting for a 35% share of total imports. Moreover, preserved anchovies imports from Spain exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold. Morocco (X tons) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-6.6% per year) and Morocco (-15.1% per year).

In value terms, Spain ($X) constituted the largest supplier of anchovies (prepared or preserved) to Switzerland, comprising 45% of total imports. The second position in the ranking was held by Italy ($X), with a 9.1% share of total imports. It was followed by Morocco, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-3.9% per year) and Morocco (-13.9% per year).

Import Prices by Country

In 2021, the average preserved anchovies import price amounted to $X per ton, dropping by -5.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 11%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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