EU: Smoked Herring Market 2024

Smoked Herring Market Size in the EU

In 2022, the EU smoked herring market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a deep reduction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Smoked Herring Production in the EU

In value terms, smoked herring production shrank slightly to $X in 2022 estimated in export price. In general, production saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Smoked Herring Exports

Exports in the EU

In 2022, the amount of smoked herrings exported in the European Union shrank to X tons, which is down by X% against the previous year's figure. Overall, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, smoked herring exports declined to $X in 2022. In general, exports saw a noticeable reduction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands was the key exporting country with an export of around X tons, which amounted to X% of total exports. Lithuania (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Greece (X%), France (X%) and Poland (X%). The following exporters - Germany (X tons) and Belgium (X tons) - together made up X% of total exports.

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

In value terms, the largest smoked herring supplying countries in the European Union were the Netherlands ($X), Lithuania ($X) and Greece ($X), together accounting for X% of total exports. France, Poland, Germany and Belgium lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Belgium, 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

The export price in the European Union stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the export prices remained at a somewhat lower figure.

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

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

Smoked Herring Imports

Imports in the EU

In 2022, supplies from abroad of smoked herrings increased by X% to X tons, rising for the second consecutive year after two years of decline. Total imports indicated a perceptible increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, smoked herring imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

France dominates imports structure, reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Italy (X tons) and Germany (X tons), together achieving a X% share of total imports. The Netherlands (X tons), Greece (X tons) and Belgium (X tons) held a minor share of total imports.

France was also the fastest-growing in terms of the smoked herrings imports, with a CAGR of X% from 2012 to 2022. At the same time, the Netherlands (X%) displayed positive paces of growth. Belgium experienced a relatively flat trend pattern. By contrast, Italy (X%), Germany (X%) and Greece (X%) illustrated a downward trend over the same period. While the share of France (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Italy (X p.p.), Greece (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported smoked herrings in the European Union, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value in France stood at X%. In the other countries, the average annual rates were as follows: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, the import price recorded a pronounced descent. The growth pace was the most rapid in 2020 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

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 the Netherlands ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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