Overview of the Global Market for Smoked Fish Other than Salmon and Herring

Market Size for Smoked Fish Other than Salmon and Herring

In 2021, the global market for smoked fish other than salmon and herring decreased by -3% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -29.5% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the global market remained at a somewhat lower figure.

Production of Smoked Fish Other than Salmon and Herring

In value terms, production of smoked fish other than salmon and herring shrank to $X in 2021 estimated in export price. Overall, the total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -7.9% against 2017 indices. The growth pace was the most rapid in 2017 when the production volume increased by 55% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, global production of growth remained at a lower figure.

Exports of Smoked Fish Other than Salmon and Herring

Exports

In 2021, shipments abroad of smoked fish other than salmon and herring increased by 4.1% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2017 when exports increased by 6.6%. The global exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, exports of smoked fish other than salmon and herring amounted to $X in 2021. The total export value increased at an average annual rate of +1.4% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 9.6%. The global exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Poland (X tons) and Turkey (X tons) were the key exporters of smoked fish other than salmon and herring in 2021, accounting for approx. 19% and 18% of total exports, respectively. China (X tons) took the next position in the ranking, followed by Denmark (X tons), Austria (X tons), Germany (X tons), the Netherlands (X tons) and Indonesia (X tons). All these countries together held approx. 37% share of total exports. Thailand (X tons), Lithuania (X tons), Norway (X tons), Belarus (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +121.4%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Poland ($X), Turkey ($X) and Denmark ($X) were the countries with the highest levels of exports in 2021, together accounting for 47% of global exports. Germany, China, Austria, the Netherlands, Norway, Indonesia, Belarus, Lithuania, Thailand and the Philippines lagged somewhat behind, together accounting for a further 40%.

Austria, with a CAGR of +108.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for smoked fish other than salmon and herring amounted to $X per ton, increasing by 4.9% against the previous year. Over the last nine years, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2013 an increase of 36%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Norway ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+19.3%), while the other global leaders experienced more modest paces of growth.

Imports of Smoked Fish Other than Salmon and Herring

Imports

In 2021, the amount of smoked fish other than salmon and herring imported worldwide declined to X tons, falling by -7.9% against the previous year. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 15%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of global imports of remained at a lower figure.

In value terms, imports of smoked fish other than salmon and herring shrank to $X in 2021. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by 18%. Over the period under review, global imports of reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons), distantly followed by Burkina Faso (X tons) and Austria (X tons) were the largest importers of smoked fish other than salmon and herring, together achieving 58% of total imports. The UK (X tons), Russia (X tons), France (X tons), Canada (X tons), Belgium (X tons), Japan (X tons), the United States (X tons), Romania (X tons) and Australia (X tons) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Russia (with a CAGR of +36.5%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported smoked fish other than salmon and herring worldwide, comprising 49% of global imports. The second position in the ranking was taken by Austria ($X), with a 6.6% share of global imports. It was followed by Canada, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value in Germany stood at +9.4%. In the other countries, the average annual rates were as follows: Austria (+23.9% per year) and Canada (+4.7% per year).

Import Prices by Country

The average import price for smoked fish other than salmon and herring stood at $X per ton in 2021, flattening at 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 2018 when the average import price increased by 15% against the previous year. Global import price peaked at $X per ton in 2020, and then shrank modestly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while Burkina Faso ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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