Eastern Europe: Preserved Sardines Market 2024

Preserved Sardines Market Size in Eastern Europe

The East European preserved sardines market reached $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a pronounced downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Preserved Sardines Production in Eastern Europe

In value terms, preserved sardines production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible decline. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Preserved Sardines Exports

Exports in Eastern Europe

In 2022, overseas shipments of sardines (prepared or preserved) decreased by X% to X tons, falling for the second consecutive year after four years of growth. Overall, exports showed a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, preserved sardines exports reached $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Latvia (X tons) and Poland (X tons) were the main exporters of sardines (prepared or preserved) in Eastern Europe, together achieving X% of total exports. Russia (X tons) ranks next in terms of the total exports with a X% share, followed by Estonia (X%). Ukraine (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest preserved sardines supplying countries in Eastern Europe were Poland ($X), Latvia ($X) and Russia ($X), together comprising X% of total exports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved sardines export price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Estonia ($X per ton) was amongst the lowest.

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

Preserved Sardines Imports

Imports in Eastern Europe

After two years of decline, purchases abroad of sardines (prepared or preserved) increased by X% to X tons in 2022. Overall, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, preserved sardines imports soared to $X in 2022. In general, imports, however, showed a perceptible setback. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Ukraine was the largest importing country with an import of around X tons, which finished at X% of total imports. Belarus (X tons) held the second position in the ranking, followed by Romania (X tons), the Czech Republic (X tons), Moldova (X tons) and Poland (X tons). All these countries together took approx. X% share of total imports. Slovakia (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to preserved sardines imports into Ukraine stood at X%. At the same time, Poland (X%), Belarus (X%) and Romania (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. The Czech Republic experienced a relatively flat trend pattern. By contrast, Slovakia (X%) and Moldova (X%) illustrated a downward trend over the same period. While the share of Ukraine (X p.p.), Belarus (X p.p.), Romania (X p.p.), the Czech Republic (X p.p.), Poland (X p.p.), Moldova (X p.p.) and Slovakia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ukraine ($X), Romania ($X) and Belarus ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Czech Republic, Poland, Moldova and Slovakia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved sardines import price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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