Global Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size

After five years of growth, the global caviar (sturgeon) market decreased by -0.2% to $X in 2021. Over the period under review, consumption, however, showed a buoyant increase. Over the period under review, the global market hit record highs at $X in 2020, and then fell slightly in the following year.

Caviar (Sturgeon) Production

In value terms, caviar (sturgeon) production contracted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when the production volume increased by 35%. Over the period under review, global production reached the maximum level at $X in 2020, and then contracted in the following year.

Caviar (Sturgeon) Exports

Exports

In 2021, the amount of caviar (sturgeon) exported worldwide soared to X tons, with an increase of 41% on 2020 figures. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the global exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, caviar (sturgeon) exports surged to $X in 2021. Overall, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the largest exporter of caviar (sturgeon), committing 29% of total exports. It was distantly followed by the United States (X tons), Italy (X tons), Turkey (X tons), Lithuania (X tons) and the Netherlands (X tons), together constituting a 35% share of total exports. Poland (X tons), France (X tons), Canada (X tons), Germany (X tons), Latvia (X tons), Denmark (X tons) and Spain (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to caviar (sturgeon) exports from China stood at +27.4%. At the same time, Poland (+54.4%), the Netherlands (+24.4%), Lithuania (+19.3%), Turkey (+18.1%), France (+10.2%), Italy (+10.1%), Latvia (+7.8%), Spain (+7.1%) and Germany (+5.0%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +54.4% from 2012-2021. By contrast, the United States (-13.1%), Canada (-16.3%) and Denmark (-23.9%) illustrated a downward trend over the same period. While the share of China (+26 p.p.), Turkey (+5.7 p.p.), the Netherlands (+4.9 p.p.), Lithuania (+4.9 p.p.), Italy (+4.4 p.p.), Poland (+4 p.p.), France (+2.4 p.p.) and Latvia (+1.6 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Canada (-13.1 p.p.), the United States (-19.3 p.p.) and Denmark (-28.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest caviar (sturgeon) supplier worldwide, comprising 35% of global exports. The second position in the ranking was held by Italy ($X), with a 14% share of global exports. It was followed by France, with a 12% share.

In China, caviar (sturgeon) exports increased at an average annual rate of +20.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+7.0% per year) and France (+6.6% per year).

Export Prices by Country

The average caviar (sturgeon) export price stood at $X per ton in 2021, jumping by 18% against the previous year. Over the period under review, the export price posted resilient growth. The pace of growth appeared the most rapid in 2013 when the average export price increased by 45%. The global export price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while Turkey ($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 (+23.2%), while the other global leaders experienced more modest paces of growth.

Caviar (Sturgeon) Imports

Imports

In 2021, purchases abroad of caviar (sturgeon) increased by 20% to X tons for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 24%. Global imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, caviar (sturgeon) imports surged to $X in 2021. Overall, total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), distantly followed by Latvia (X tons), Lithuania (X tons), France (X tons), Spain (X tons) and Bulgaria (X tons) were the main importers of caviar (sturgeon), together comprising 48% of total imports. Germany (X tons), Sweden (X tons), Belgium (X tons), the Netherlands (X tons), Russia (X tons), Hong Kong SAR (X tons) and Australia (X tons) took a little share of total imports.

The United States was also the fastest-growing in terms of the caviar (sturgeon) imports, with a CAGR of +24.6% from 2012 to 2021. At the same time, Sweden (+22.9%), Latvia (+16.7%), Bulgaria (+15.8%), Lithuania (+12.5%), Germany (+12.4%), Hong Kong SAR (+12.2%), France (+11.9%), Belgium (+11.8%) and Russia (+3.7%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. By contrast, Spain (-2.2%) and Australia (-18.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States, Latvia, Lithuania, Bulgaria, France, Sweden, Germany and Belgium increased by +12, +5, +3.7, +3.5, +3.4, +2.6, +2 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest caviar (sturgeon) importing markets worldwide were the United States ($X), France ($X) and Germany ($X), together comprising 42% of global imports. Spain, Hong Kong SAR, Russia, Belgium, Latvia, the Netherlands, Australia, Lithuania, Sweden and Bulgaria lagged somewhat behind, together comprising a further 19%.

In terms of the main importing countries, the Netherlands, with a CAGR of +35.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average caviar (sturgeon) import price amounted to $X per ton, surging by 40% against the previous year. Overall, import price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, caviar (sturgeon) import price increased by +104.1% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Germany ($X per ton), while Lithuania ($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 Netherlands (+34.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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