Switzerland: Preserved Salmon Market 2024

Preserved Salmon Market Size in Switzerland

In 2021, the Swiss preserved salmon market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. The market value increased at an average annual rate of +1.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Salmon Production in Switzerland

In value terms, preserved salmon production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a abrupt decrease. The growth pace was the most rapid in 2014 when the production volume increased by 30% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Preserved Salmon Exports

Exports from Switzerland

In 2021, overseas shipments of salmon (prepared or preserved) were finally on the rise to reach X tons after three years of decline. In general, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 with an increase of 1,148% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved salmon exports rose markedly to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 851%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X kg) was the main destination for preserved salmon exports from Switzerland, with a 81% share of total exports. Moreover, preserved salmon exports to Germany exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), sixfold. The Netherlands (X kg) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to Germany amounted to +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+5.2% per year) and the Netherlands (-3.0% per year).

In value terms, the largest markets for preserved salmon exported from Switzerland were Germany ($X), the United Arab Emirates ($X) and France ($X), together comprising 93% of total exports.

In terms of the main countries of destination, the United Arab Emirates, with a CAGR of +8.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average preserved salmon export price amounted to $X per ton, waning by -15.5% against the previous year. Overall, the export price showed a noticeable setback. The growth pace was the most rapid in 2020 when the average export price increased by 120% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Germany ($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 France (+16.8%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Salmon Imports

Imports into Switzerland

For the third year in a row, Switzerland recorded growth in overseas purchases of salmon (prepared or preserved), which increased by 11% to X tons in 2021. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 15% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, preserved salmon imports rose notably to $X in 2021. In general, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +14.8% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 23% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), France (X tons) and Norway (X tons) were the main suppliers of preserved salmon imports to Switzerland, together accounting for 79% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +24.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Norway ($X) appeared to be the largest preserved salmon suppliers to Switzerland, together accounting for 80% of total imports.

Norway, with a CAGR of +25.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average preserved salmon import price amounted to $X per ton, remaining constant against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2017 an increase of 14% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average 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 the UK ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :