Smoked Fish Other than Salmon and Herring Market

The global market for smoked fish other than salmon and herring is projected to see positive growth from 2022 to 2030, with consumption, production, imports, and exports all showing upward trends. The article analyzes key figures such as market volume, market value, consumption patterns by country, production statistics, import and export data, and price trends. Highlights include the top consuming and producing countries, value trends, and growth rates in different regions.

Market Forecast

Driven by increasing demand for smoked fish other than salmon and herring worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +2.7% for the period from 2022 to 2030, which is projected to bring the market volume to 2.1M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +4.7% for the period from 2022 to 2030, which is projected to bring the market value to $19.3B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Smoked Fish Other than Salmon and Herring

In 2022, the amount of smoked fish other than salmon and herring consumed worldwide totaled 1.7M tons, therefore, remained relatively stable against the previous year's figure. Overall, the total consumption indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.4% against 2020 indices. Global consumption peaked at 1.7M tons in 2020; afterwards, it flattened through to 2022.

The size of the market for smoked fish other than salmon and herring worldwide was estimated at $13.4B in 2022, standing approx. at 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). Over the period under review, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.8% against 2020 indices. Global consumption peaked at $13.5B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (221K tons), the United States (129K tons) and India (87K tons), with a combined 26% share of global consumption. Pakistan, Indonesia, Brazil, Russia, Nigeria, Japan, Bangladesh, Mexico, Ethiopia and Germany lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of herring, amongst the main consuming countries, was attained by Ethiopia (with a CAGR of +9.4%), while herring for the other global leaders experienced more modest paces of growth.

In value terms, the largest smoked fish other than salmon and herring markets worldwide were China ($1.8B), the United States ($1.2B) and Japan ($1.1B), together comprising 31% of the global market. India, Bangladesh, Brazil, Nigeria, Germany, Indonesia, Russia, Mexico, Pakistan and Ethiopia lagged somewhat behind, together accounting for a further 25%.

Ethiopia, with a CAGR of +7.9%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while herring for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of smoked fish other than salmon and herring per capita consumption in 2022 were the United States (386 kg per 1000 persons), Japan (363 kg per 1000 persons) and Germany (320 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Ethiopia (with a CAGR of +6.6%), while herring for the other global leaders experienced more modest paces of growth.

Production

World Production of Smoked Fish Other than Salmon and Herring

In 2022, global production of smoked fish other than salmon and herring rose modestly to 1.7M tons, growing by 2% against the previous year. Over the period under review, the total production indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +54.2% against 2012 indices. The pace of growth was the most pronounced in 2019 with an increase of 12% against the previous year. Over the period under review, global production of reached the maximum volume in 2022 and is likely to see steady growth in years to come.

In value terms, production of smoked fish other than salmon and herring stood at $13B in 2022 estimated in export price. The total output value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 15%. Global production peaked at $13.1B in 2020; however, from 2021 to 2022, production failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were China (225K tons), the United States (128K tons) and India (87K tons), with a combined 26% share of global production. Pakistan, Indonesia, Brazil, Russia, Nigeria, Bangladesh, Japan, Mexico, Ethiopia and the Philippines lagged somewhat behind, together comprising a further 26%.

From 2012 to 2022, the most notable rate of growth in terms of herring, amongst the main producing countries, was attained by Ethiopia (with a CAGR of +9.4%), while herring for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Smoked Fish Other than Salmon and Herring

In 2022, the amount of smoked fish other than salmon and herring imported worldwide declined modestly to 65K tons, which is down by -3.8% against the previous year's figure. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 17% against the previous year. As a result, imports reached the peak of 82K tons. From 2018 to 2022, the growth of global imports of remained at a lower figure.

In value terms, imports of smoked fish other than salmon and herring stood at $556M in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 18% against the previous year. Over the period under review, global imports of hit record highs at $611M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports By Country

In 2022, Germany (20K tons), distantly followed by Burkina Faso (12K tons) and Austria (3.9K tons) were the largest importers of smoked fish other than salmon and herring, together generating 56% of total imports. The UK (2.6K tons), France (2.3K tons), Canada (2.2K tons), Japan (1.8K tons), Romania (1.7K tons), South Korea (1.5K tons), Belgium (1.5K tons), Russia (1.4K tons), the United States (1.3K tons) and Australia (1.3K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Austria (with a CAGR of +25.3%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($251M) constitutes the largest market for imported smoked fish other than salmon and herring worldwide, comprising 45% of global imports. The second position in the ranking was held by Austria ($38M), with a 6.8% share of global imports. It was followed by Canada, with a 5.4% share.

In Germany, imports of smoked fish other than salmon and herring expanded at an average annual rate of +7.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Austria (+21.8% per year) and Canada (+6.5% per year).

Import Prices By Country

The average import price for smoked fish other than salmon and herring stood at $8,563 per ton in 2022, rising by 5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 17% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($15,415 per ton), while Burkina Faso ($50 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+4.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Smoked Fish Other than Salmon and Herring

In 2022, the amount of smoked fish other than salmon and herring exported worldwide soared to 59K tons, picking up by 29% against the previous year's figure. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of smoked fish other than salmon and herring soared to $532M in 2022. The total export value increased at an average annual rate of +2.1% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports By Country

In 2022, Poland (14K tons), distantly followed by Belarus (6.6K tons), Turkey (4.3K tons), China (3.6K tons), Germany (3.4K tons), Austria (3.2K tons), the Netherlands (3.2K tons), Indonesia (2.9K tons) and Denmark (2.9K tons) represented the main exporters of smoked fish other than salmon and herring, together achieving 74% of total exports. The Philippines (1.6K tons), Niger (1.6K tons), Norway (1.5K tons) and Thailand (1.5K tons) took a minor share of total exports.

Exports from Poland increased at an average annual rate of +9.7% from 2012 to 2022. At the same time, Austria (+107.2%), Belarus (+29.9%), Niger (+26.1%), Germany (+12.3%) and China (+6.5%) displayed positive paces of growth. Moreover, Austria emerged as the fastest-growing exporter exported in the world, with a CAGR of +107.2% from 2012-2022. The Netherlands, Norway, Turkey and the Philippines experienced a relatively flat trend pattern. By contrast, Denmark (-3.4%), Indonesia (-7.7%) and Thailand (-20.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Belarus, Austria, Germany, China and Niger increased by +14, +10, +5.5, +3.9, +2.8 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($126M) remains the largest smoked fish other than salmon and herring supplier worldwide, comprising 24% of global exports. The second position in the ranking was taken by Germany ($50M), with a 9.4% share of global exports. It was followed by Denmark, with a 9.2% share.

From 2012 to 2022, the average annual growth rate of value in Poland amounted to +8.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+15.4% per year) and Denmark (-1.5% per year).

Export Prices By Country

The average export price for smoked fish other than salmon and herring stood at $9,009 per ton in 2022, which is down by -8.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2013 an increase of 32% against the previous year. The global export price peaked at $10,531 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Norway ($17,364 per ton), while Niger ($1,310 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+18.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform