EU: Preserved Sardines Market 2024

Preserved Sardines Market Size in the EU

The EU preserved sardines market rose modestly to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, recorded a slight contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Preserved Sardines Production in the EU

In value terms, preserved sardines production reached $X in 2022 estimated in export price. Overall, production, however, saw a slight shrinkage. The growth pace was the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Preserved Sardines Exports

Exports in the EU

Preserved sardines exports reached X tons in 2022, approximately reflecting the year before. Overall, exports, however, saw a noticeable shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by X%. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved sardines exports totaled $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of sardines (prepared or preserved), namely Latvia, Poland and Portugal, represented more than half of total export. Croatia (X tons) took the next position in the ranking, followed by the Netherlands (X tons) and Estonia (X tons). All these countries together took near X% share of total exports. Spain (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved sardines supplying countries in the European Union were Portugal ($X), Poland ($X) and Latvia ($X), with a combined X% share of total exports. Croatia, the Netherlands, Spain and Estonia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, the Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, 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 the European Union amounted to $X per ton, with an increase of X% against the previous year. Export price indicated a notable 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 export price increased by X% against 2013 indices. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

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 Spain ($X per ton), while Estonia ($X per ton) was amongst the lowest.

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

Preserved Sardines Imports

Imports in the EU

In 2022, imports of sardines (prepared or preserved) in the European Union rose modestly to X tons, with an increase of X% compared with the previous year's figure. In general, imports continue to indicate modest growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved sardines imports expanded slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, France (X tons), distantly followed by Germany (X tons), Spain (X tons), the Netherlands (X tons), Romania (X tons), the Czech Republic (X tons) and Italy (X tons) represented the main importers of sardines (prepared or preserved), together creating X% of total imports. Sweden (X tons), Belgium (X tons), Portugal (X tons), Poland (X tons), Slovakia (X tons) and Lithuania (X tons) took a minor share of total imports.

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

In value terms, France ($X), Germany ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The Netherlands, Italy, Belgium, Romania, the Czech Republic, Poland, Sweden, Portugal, Lithuania and Slovakia lagged somewhat behind, together accounting for 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

The import price in the European Union stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Belgium ($X per ton), while Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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