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EU - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 28, 2020

Sardines Exports in the EU Show a Sign of Recovery

IndexBox has just published a new report: 'EU - Sardines (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The revenue of the sardines market in the European Union amounted to $708M in 2018, picking up by 6.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, sardines consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the sardines market attained its maximum level at $769M in 2009; however, from 2010 to 2018, consumption stood at a somewhat lower figure.

Consumption By Country in the EU

The countries with the highest volumes of sardines consumption in 2018 were Germany (39K tonnes), France (29K tonnes) and the UK (22K tonnes), with a combined 50% share of total consumption.

From 2007 to 2018, the most notable rate of growth in terms of sardines consumption, amongst the main consuming countries, was attained by France, while sardines consumption for the other leaders experienced more modest paces of growth.

In value terms, Germany ($139M), France ($117M) and Spain ($108M) were the countries with the highest levels of market value in 2018, together accounting for 51% of the total market. The UK, Poland, the Netherlands, Italy, Belgium, Portugal, Romania, Sweden and the Czech Republic lagged somewhat behind, together accounting for a further 37%.

The countries with the highest levels of sardines per capita consumption in 2018 were Belgium (592 kg per 1000 persons), the Netherlands (490 kg per 1000 persons) and Germany (473 kg per 1000 persons).

Production in the EU

In 2018, approx. 159K tonnes of prepared or preserved sardines were produced in the European Union, remaining stable against the previous year. In general, sardines production, however, continues to indicate a measured downturn. Over the period under review, sardines production reached its peak figure volume at 228K tonnes in 2008; however, from 2009 to 2018, production failed to regain its momentum.

Production By Country in the EU

The countries with the highest volumes of sardines production in 2018 were Germany (30K tonnes), Poland (18K tonnes) and Latvia (17K tonnes), together comprising 41% of total production. These countries were followed by Spain, Portugal, the UK, France, Estonia, the Netherlands, Croatia, Sweden and Denmark, which together accounted for a further 46%.

From 2007 to 2018, the most notable rate of growth in terms of sardines production, amongst the main producing countries, was attained by the UK, while sardines production for the other leaders experienced more modest paces of growth.

Exports in the EU

The volume of exports totaled 65K tonnes in 2018, surging by 13% against the previous year. This may indicate a recovery attempt starting after a deep slump in 2015 and the subsequent bottoming out over 2016-2017. That dramatic drop occurred due to ceasing supplies from Latvia and other Baltic states to Russia, which was the largest export market. However, sardines exports in Europe have yet failed to regain its former values, thereby indicating that Latvian producers haven't managed to find new markets for their products after the Russian market was closed. In value terms, sardines exports stood at $238M (IndexBox estimates) in 2018. 

Exports by Country

In 2018, Latvia (17K tonnes), distantly followed by Portugal (10,488 tonnes), Poland (8,601 tonnes), Estonia (8,283 tonnes), Croatia (4,926 tonnes), the Netherlands (4,726 tonnes) and the UK (3,352 tonnes) represented the key exporters of sardines (prepared or preserved), together comprising 88% of total exports.

From 2007 to 2018, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by the Netherlands, while exports for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($54M), Poland ($42M) and Latvia ($42M) appeared to be the countries with the highest levels of exports in 2018, together accounting for 58% of total exports. Croatia, the Netherlands, the UK and Estonia lagged somewhat behind, together comprising a further 26%.

Export Prices by Country

In 2018, the sardines export price in the European Union amounted to $3,637 per tonne, coming down by -1.7% against the previous year. Over the last eleven-year period, it increased at an average annual rate of +3.8%. The level of export price peaked at $3,700 per tonne in 2017, and then declined slightly in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Portugal ($5,152 per tonne), while Estonia ($715 per tonne) was amongst the lowest.

Imports in the EU

In 2018, the sardines imports in the European Union totaled 87K tonnes, picking up by 9.1% against the previous year. Over the period under review, sardines imports, however, continue to indicate a relatively flat trend pattern. In value terms, sardines imports stood at $324M (IndexBox estimates) in 2018. 

Imports by Country

In 2018, France (20K tonnes), distantly followed by the UK (13,133 tonnes), Germany (10,597 tonnes), the Netherlands (6,853 tonnes), Spain (5,775 tonnes), Belgium (4,931 tonnes) and Italy (3,964 tonnes) were the major importers of sardines (prepared or preserved), together making up 75% of total imports. The Czech Republic (3,646 tonnes), Romania (3,140 tonnes), Austria (2,243 tonnes), Ireland (1,961 tonnes) and Hungary (1,356 tonnes) followed a long way behind the leaders.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Ireland, while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($76M), the UK ($48M) and Germany ($44M) constituted the countries with the highest levels of imports in 2018, with a combined 52% share of total imports. These countries were followed by the Netherlands, Spain, Italy, Belgium, the Czech Republic, Austria, Romania, Hungary and Ireland, which together accounted for a further 38%.

Import Prices by Country

The sardines import price in the European Union stood at $3,707 per tonne in 2018, surging by 26% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.1%. The level of import price peaked at $4,147 per tonne in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Spain ($4,584 per tonne), while Ireland ($1,528 per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Romania, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Product coverage:
• Prodcom 10202530 - Prepared or preserved sardines, sardinella, brisling and sprats, whole or in pieces (excluding minced products and prepared meals and dishes)

This report provides an in-depth analysis of the preserved sardines market in the EU. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in the EU, split by region and country
• Trade (exports and imports) in the EU
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Austria
• Belgium
• Bulgaria
• Croatia
• Cyprus
• Czech Republic
• Denmark
• Estonia
• Finland
• France
• Germany
• Greece
• Hungary
• Ireland
• Italy
• Latvia
• Lithuania
• Luxembourg
• Malta
• Netherlands
• Poland
• Portugal
• Romania
• Slovakia
• Slovenia
• Spain
• Sweden
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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