Switzerland: Preserved Herring Market 2024

Preserved Herring Market Size in Switzerland

In 2021, the Swiss preserved herring market increased by 1.5% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a modest increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Preserved Herring Production in Switzerland

In value terms, preserved herring production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by 18%. Preserved herring production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Preserved Herring Exports

Exports from Switzerland

In 2021, overseas shipments of herrings (prepared or preserved) were finally on the rise to reach X kg after two years of decline. Overall, exports, however, saw a perceptible downturn. The exports peaked at X kg in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, preserved herring exports soared to $X in 2021. Over the period under review, exports continue to indicate a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X kg), Austria (X kg) and Denmark (X kg) were the main destinations of preserved herring exports from Switzerland, together comprising 97% of total exports.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +26.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X) remains the key foreign market for herrings (prepared or preserved) exports from Switzerland, comprising 74% of total exports. The second position in the ranking was taken by Germany ($X), with a 13% share of total exports. It was followed by Denmark, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Austria stood at +52.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-12.5% per year) and Denmark (+14.8% per year).

Export Prices by Country

The average preserved herring export price stood at $X per ton in 2021, increasing by 125% against the previous year. Over the period under review, the export price posted a resilient expansion. As a result, the export price reached 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 Austria ($X per ton), while the average price for exports to Germany ($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 Austria (+20.9%), while the prices for the other major destinations experienced a decline.

Preserved Herring Imports

Imports into Switzerland

In 2021, approx. X tons of herrings (prepared or preserved) were imported into Switzerland; declining by -4.2% on 2020. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 23%. As a result, imports attained the peak of X tons, and then fell slightly in the following year.

In value terms, preserved herring imports dropped slightly to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Germany (X tons) constituted the largest supplier of preserved herring to Switzerland, accounting for a 32% share of total imports. Moreover, preserved herring imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), threefold. The Czech Republic (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-6.6% per year) and the Czech Republic (+0.1% per year).

In value terms, Germany ($X) constituted the largest supplier of herrings (prepared or preserved) to Switzerland, comprising 35% of total imports. The second position in the ranking was taken by Poland ($X), with a 6.9% share of total imports. It was followed by the Czech Republic, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-7.1% per year) and the Czech Republic (+6.5% per year).

Import Prices by Country

In 2021, the average preserved herring import price amounted to $X per ton, growing by 3.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 6.4% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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