Turkey: Smoked Herring Market 2025

Smoked Herring Market Size in Turkey

In 2022, the Turkish smoked herring market increased by 11% to $X, rising for the second year in a row after three years of decline. Overall, consumption continues to indicate a deep contraction. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Smoked Herring Production in Turkey

In value terms, smoked herring production declined to $X in 2022 estimated in export price. Overall, production showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Smoked Herring Exports

Exports from Turkey

In 2022, smoked herring exports from Turkey soared to X tons, growing by 86% compared with the previous year's figure. In general, exports continue to indicate a noticeable increase. The pace of growth was the most pronounced in 2020 with an increase of 1,009% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, smoked herring exports soared to $X in 2022. Overall, exports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2020 with an increase of 1,012%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Liberia (X kg), Malta (X kg) and Panama (X kg) were the main destinations of smoked herring exports from Turkey, with a combined 50% share of total exports. Russia, Marshall Islands, Portugal, the UK, Bahamas, Cameroon, Antigua and Barbuda, Singapore, Gabon and Saint Kitts and Nevis lagged somewhat behind, together accounting for a further 40%.

From 2015 to 2022, the biggest increases were recorded for Cameroon (with a CAGR of +483.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Liberia ($X), Panama ($X) and Malta ($X) constituted the largest markets for smoked herring exported from Turkey worldwide, with a combined 50% share of total exports. Russia, Marshall Islands, Portugal, Bahamas, the UK, Cameroon, Antigua and Barbuda, Gabon, Singapore and Saint Kitts and Nevis lagged somewhat behind, together comprising a further 41%.

In terms of the main countries of destination, Cameroon, with a CAGR of +616.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average smoked herring export price amounted to $X per ton, picking up by 16% against the previous year. In general, the export price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2017 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Cameroon ($X per ton) and Antigua and Barbuda ($X per ton), while the average price for exports to the UK ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+22.7%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Herring Imports

Imports into Turkey

In 2022, supplies from abroad of smoked herrings increased by 83% to X tons, rising for the second consecutive year after three years of decline. Overall, imports recorded a significant increase. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, smoked herring imports soared to $X in 2022. Over the period under review, imports saw a significant expansion. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest smoked herring supplier to Turkey, accounting for a 76% share of total imports. Moreover, smoked herring imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X kg), threefold.

From 2013 to 2022, the average annual growth rate of volume from the Netherlands stood at +52.2%.

In value terms, the Netherlands ($X) constituted the largest supplier of smoked herrings to Turkey, comprising 76% of total imports. The second position in the ranking was taken by Germany ($X), with a 24% share of total imports.

From 2013 to 2022, the average annual rate of growth in terms of value from the Netherlands stood at +52.0%.

Import Prices by Country

The average smoked herring import price stood at $X per ton in 2022, growing by 11% against the previous year. Overall, the import price, however, recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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