U.S.: Smoked Herring Market 2025

Smoked Herring Market Size in the U.S.

The U.S. smoked herring market reduced to $X in 2022, with a decrease of -5.3% against the previous year. Over the period under review, consumption recorded a abrupt shrinkage. Smoked herring consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Smoked Herring Production in the U.S.

In value terms, smoked herring production dropped to $X in 2022. Overall, production continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by 13% against the previous year. Smoked herring production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Smoked Herring Exports

Exports from the U.S.

In 2022, shipments abroad of smoked herrings increased by 30% to X tons, rising for the third year in a row after three years of decline. Over the period under review, exports saw perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 1,210%. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, smoked herring exports soared to $X in 2022. In general, exports showed a perceptible expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 642% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X tons), Jamaica (X tons) and Aruba (X kg) were the main destinations of smoked herring exports from the United States, with a combined 97% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Jamaica (with a CAGR of +281.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for smoked herring exported from the United States were Jamaica ($X), Canada ($X) and Aruba ($X), together comprising 95% of total exports.

In terms of the main countries of destination, Jamaica, with a CAGR of +192.7%, recorded 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

The average smoked herring export price stood at $X per ton in 2022, growing by 175% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Aruba ($X per ton), while the average price for exports to Canada ($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 Venezuela (+12.7%), while the prices for the other major destinations experienced mixed trend patterns.

Smoked Herring Imports

Imports into the U.S.

In 2022, after three years of growth, there was decline in overseas purchases of smoked herrings, when their volume decreased by -3.1% to X tons. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.8% against 2018 indices. The growth pace was the most rapid in 2020 when imports increased by 32%. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, smoked herring imports rose markedly to $X in 2022. Over the period under review, imports, however, showed a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 23%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Canada (X tons) constituted the largest supplier of smoked herring to the United States, with a 89% share of total imports. Moreover, smoked herring imports from Canada exceeded the figures recorded by the second-largest supplier, Sierra Leone (X tons), more than tenfold. The third position in this ranking was held by Guinea (X tons), with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from Canada totaled +6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Sierra Leone (+21.4% per year) and Guinea (+0.0% per year).

In value terms, Canada ($X) constituted the largest supplier of smoked herrings to the United States, comprising 95% of total imports. The second position in the ranking was held by the Philippines ($X), with a 1.2% share of total imports. It was followed by Sierra Leone, with a 0.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Canada amounted to +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (-6.2% per year) and Sierra Leone (+28.2% per year).

Import Prices by Country

In 2022, the average smoked herring import price amounted to $X per ton, picking up by 12% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average import price increased by 89% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sierra Leone (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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