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EU - Smoked Pacific, Atlantic And Danube Salmon - Market Analysis, Forecast, Size, Trends And Insights
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Article Publishing Date: Jan 30, 2020

Smoked Salmon Market in the EU Reached $4.2B and Is Set To Expand Further

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IndexBox has just published a new report: 'EU - Smoked Pacific, Atlantic And Danube Salmon - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

The revenue of the smoked salmon market in the European Union amounted to $4.2B in 2018, remaining relatively unchanged 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). The market value increased at an average annual rate of +2.0% from 2007 to 2018; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the smoked salmon market reached its maximum level in 2018 and is likely to continue its growth in the near future.

Consumption By Country in the EU

The countries with the highest volumes of smoked salmon consumption in 2018 were Germany (40K tonnes), the UK (22K tonnes) and France (18K tonnes), together comprising 39% of total consumption.

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

In value terms, France ($694M), Germany ($661M) and the UK ($637M) were the countries with the highest levels of market value in 2018, with a combined 48% share of the total market.

The countries with the highest levels of smoked salmon per capita consumption in 2018 were Denmark (1,303 kg per 1000 persons), Belgium (745 kg per 1000 persons) and the Netherlands (594 kg per 1000 persons).

Market Forecast 2019-2025 in the EU

Driven by rising demand for smoked salmon in the European Union, the market is expected to continue an upward consumption trend over the next seven-year period. The performance of the market is forecast to increase moderately, with an anticipated CAGR of +1.5% for the period from 2018 to 2025, which is projected to bring the market volume to 232K tonnes by the end of 2025.

Production in the EU

In 2018, approx. 223K tonnes of smoked pacific, atlantic and danube salmon were produced in the European Union; approximately mirroring the previous year. Overall, smoked salmon production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 7% y-o-y.

Production By Country in the EU

Poland (57K tonnes) constituted the country with the largest volume of smoked salmon production, comprising approx. 26% of total volume. Moreover, smoked salmon production in Poland exceeded the figures recorded by the second-largest producer, the UK (23K tonnes), twofold. The third position in this ranking was occupied by Lithuania (19K tonnes), with a 8.4% share.

In Poland, smoked salmon production expanded at an average annual rate of +1.5% over the period from 2007-2018. In the other countries, the average annual rates were as follows: the UK (+5.9% per year) and Lithuania (+8.7% per year).

Exports in the EU

In 2018, approx. 110K tonnes of smoked pacific, atlantic and danube salmon were exported in the European Union; surging by 6.2% against the previous year. The total exports indicated resilient growth from 2007 to 2018: its volume increased at an average annual rate of +5.7% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, smoked salmon exports reached their peak figure at 111K tonnes in 2016; however, from 2017 to 2018, exports failed to regain their momentum. In value terms, smoked salmon exports amounted to $2B (IndexBox estimates) in 2018. 

Exports by Country

Poland was the major exporter of smoked pacific, atlantic and danube salmon exported in the European Union, with the volume of exports accounting for 46K tonnes, which was approx. 42% of total exports in 2018. Lithuania (17,147 tonnes) held a 16% share (based on tonnes) of total exports, which put it in second place, followed by Germany (12%), Denmark (7%), the Netherlands (4.8%) and the UK (4.6%). France (4,161 tonnes) followed a long way behind the leaders.

From 2007 to 2018, average annual rates of growth with regard to smoked salmon exports from Poland stood at +6.5%. At the same time, Lithuania (+10.2%), the Netherlands (+9.0%), Germany (+6.0%), the UK (+1.6%) and France (+1.4%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +10.2% from 2007-2018. Denmark experienced a relatively flat trend pattern. 

In value terms, Poland ($800M) remains the largest smoked salmon supplier in the European Union, comprising 41% of total smoked salmon exports. The second position in the ranking was occupied by Lithuania ($297M), with a 15% share of total exports. It was followed by Germany, with a 13% share.

Export Prices by Country

In 2018, the smoked salmon export price in the European Union amounted to $17,657 per tonne, standing approx. at the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2017 when the export price increased by 18% year-to-year. In that year, the export prices for smoked pacific, atlantic and danube salmon attained their peak level of $17,917 per tonne, and then declined slightly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2018, major exporting countries recorded the following prices: in the Netherlands ($19,500 per tonne) and Denmark ($18,414 per tonne), while the UK ($13,242 per tonne) and Lithuania ($17,300 per tonne) were amongst the lowest.

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

Imports in the EU

In 2018, approx. 96K tonnes of smoked pacific, atlantic and danube salmon were imported in the European Union; remaining constant against the previous year. The total imports indicated a remarkable increase from 2007 to 2018: its volume increased at an average annual rate of +7.3% over the last eleven years. The volume of imports peaked at 100K tonnes in 2016; however, from 2017 to 2018, imports remained at a lower figure. In value terms, smoked salmon imports stood at $1.6B (IndexBox estimates) in 2018. 

Imports by Country

Germany was the largest importer of smoked pacific, atlantic and danube salmon imported in the European Union, with the volume of imports resulting at 38K tonnes, which was near 40% of total imports in 2018. It was distantly followed by Italy (17K tonnes), France (9.5K tonnes) and Belgium (6.9K tonnes), together creating a 35% share of total imports. The following importers - the UK (4,228 tonnes), Spain (3,752 tonnes), the Netherlands (3,362 tonnes), Austria (2,826 tonnes), Denmark (2,183 tonnes), Sweden (1,724 tonnes) and Poland (1,646 tonnes) - together made up 21% of total imports.

From 2007 to 2018, average annual rates of growth with regard to smoked salmon imports into Germany stood at +7.0%. At the same time, Poland (+20.4%), the UK (+19.8%), Spain (+13.8%), Sweden (+8.8%), France (+7.9%), Italy (+7.5%), the Netherlands (+7.0%), Denmark (+4.9%), Belgium (+3.5%) and Austria (+3.5%) displayed positive paces of growth. 

In value terms, Germany ($644M) constitutes the largest market for imported smoked pacific, atlantic and danube salmon in the European Union, comprising 39% of total smoked salmon imports. The second position in the ranking was occupied by Italy ($294M), with a 18% share of total imports. It was followed by France, with a 11% share.

Import Prices by Country

In 2018, the smoked salmon import price in the European Union amounted to $17,170 per tonne, rising by 3.3% against the previous year. Over the last eleven years, it increased at an average annual rate of +1.6%. 

Prices varied noticeably by the country of destination; the country with the highest price was Austria ($21,395 per tonne), while Spain ($11,716 per tonne) was amongst the lowest.

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

Source: IndexBox AI Platform

Product coverage:
• Prodcom 10202425 - Smoked Pacific, Atlantic and Danube salmon (including fillets, e xcluding heads, tails and maws)

This report provides an in-depth analysis of the smoked salmon 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.


Country coverage:
• Bulgaria
• Croatia
• Cyprus
• Estonia
• Hungary
• Latvia
• Lithuania
• Luxembourg
• Malta
• Slovakia
• Slovenia

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 2007–2019
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 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption, By Country, 2015–2019
Table 5:
Production, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Physical Terms, By Country, 2007–2019
Table 7:
Imports, In Value Terms, By Country, 2007–2019
Table 8:
Import Prices, By Country Of Destination, 2007–2019
Table 9:
Exports, In Physical Terms, By Country, 2007–2019
Table 10:
Exports, In Value Terms, By Country, 2007–2019
Table 11:
Export Prices, By Country Of Origin, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Consumption, By Country, 2019
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, 2007–2019
Figure 17:
Production, In Value Terms, 2007–2019
Figure 18:
Production, By Country, 2019
Figure 19:
Production, In Physical Terms, By Country, 2007–2019
Figure 20:
Imports, In Physical Terms, 2007–2019
Figure 21:
Imports, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, By Country, 2019
Figure 23:
Imports, In Physical Terms, By Country, 2007–2019
Figure 24:
Imports, In Value Terms, By Country, 2007–2019
Figure 25:
Import Prices, By Country, 2007–2019
Figure 26:
Exports, In Physical Terms, 2007–2019
Figure 27:
Exports, In Value Terms, 2007–2019
Figure 28:
Exports, In Physical Terms, By Country, 2019
Figure 29:
Exports, In Physical Terms, By Country, 2007–2019
Figure 30:
Exports, In Value Terms, By Country, 2007–2019
Figure 31:
Export Prices, 2007–2019

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