EU: Smoked Salmon Market Overview 2021

Smoked Salmon Market Size in the EU

In 2020, the EU smoked salmon market decreased by -X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2020, consumption remained at a lower figure.

Smoked Salmon Production in the EU

In value terms, smoked salmon production rose to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked in 2020 and is expected to retain growth in the near future.

Production By Country in the EU

Poland (X tonnes) remains the largest smoked salmon producing country in the European Union, accounting for X% of total volume. Moreover, smoked salmon production in Poland exceeded the figures recorded by the second-largest producer, Lithuania (X tonnes), threefold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2020, the average annual growth rate of volume in Poland amounted to +X%. The remaining producing countries recorded the following average annual rates of production growth: Lithuania (+X% per year) and the Netherlands (+X% per year).

Smoked Salmon Exports

Exports in the EU

For the third year in a row, the European Union recorded growth in shipments abroad of smoked pacific, atlantic and danube salmon, which increased by X% to X tonnes in 2020. In general, exports recorded a strong expansion. The growth pace was the most rapid in 2012 when exports increased by X% y-o-y. The volume of export peaked in 2020 and is expected to retain growth in years to come.

In value terms, smoked salmon exports shrank slightly to $X in 2020. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Over the period under review, exports hit record highs at $X in 2019, and then shrank modestly in the following year.

Exports by Country

In 2020, Poland (X tonnes) represented the key exporter of smoked pacific, atlantic and danube salmon, achieving X% of total exports. Lithuania (X tonnes) ranks second in terms of the total exports with a X% share, followed by Germany (X%), the Netherlands (X%) and Denmark (X%). Greece (X tonnes) and Belgium (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, average annual rates of growth with regard to smoked salmon exports from Poland stood at +X%. At the same time, Greece (+X%), Belgium (+X%), the Netherlands (+X%), Lithuania (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +X% from 2007-2020. By contrast, Denmark (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Poland, Lithuania, the Netherlands and Greece increased by +X%, +X%, +X% and +X% percentage points, while Denmark (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Poland, smoked salmon exports expanded at an average annual rate of +X% over the period from 2007-2020. In the other countries, the average annual rates were as follows: Lithuania (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2020, the smoked salmon export price in the European Union amounted to $X per tonne, waning by -X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2018 to 2020, the growth in terms of the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2020, major exporting countries recorded the following prices: in Greece ($X per tonne) and Belgium ($X per tonne), while Lithuania ($X per tonne) and Denmark ($X per tonne) were amongst the lowest.

From 2007 to 2020, 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.

Smoked Salmon Imports

Imports in the EU

In 2020, overseas purchases of smoked pacific, atlantic and danube salmon decreased by -X% to X tonnes, falling for the fourth consecutive year after two years of growth. Total imports indicated a resilient expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2009 with an increase of X% year-to-year. The volume of import peaked at X tonnes in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, smoked salmon imports shrank to $X in 2020. In general, imports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2020, imports failed to regain the momentum.

Imports by Country

Germany represented the key importing country with an import of around X tonnes, which reached X% of total imports. Italy (X tonnes) ranks second in terms of the total imports with a X% share, followed by France (X%) and Belgium (X%). Austria (X tonnes), Denmark (X tonnes) and Greece (X tonnes) followed a long way behind the leaders.

From 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Greece, while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest smoked salmon importing markets in the European Union were Germany ($X), Italy ($X) and France ($X), with a combined X% share of total imports.

In terms of the main importing countries, Italy 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 smoked salmon import price in the European Union stood at $X per tonne in 2020, dropping by -X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per tonne in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Austria ($X per tonne), while Greece ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for smoked pacific, atlantic and danube salmon in the the EU?

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The countries with the highest volumes of smoked salmon consumption in 2020 were Germany (31K tonnes), France (22K tonnes) and Italy (19K tonnes), together comprising 39% of total consumption.

What are the largest producers of smoked pacific, atlantic and danube salmon in the the EU?

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Poland (62K tonnes) constituted the country with the largest volume of smoked salmon production, comprising approx. 29% of total volume. Moreover, smoked salmon production in Poland exceeded the figures recorded by the second-largest producer, Lithuania (18K tonnes), threefold. The Netherlands (18K tonnes) ranked third in terms of total production with a 8.4% share.

What are the leading suppliers of smoked pacific, atlantic and danube salmon in the the EU?

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In value terms, Poland ($883M) remains the largest smoked salmon supplier in the European Union, comprising 48% of total exports. The second position in the ranking was occupied by Lithuania ($258M), with a 14% share of total exports. It was followed by Germany, with a 13% share.

What are the leading importers of smoked pacific, atlantic and danube salmon in the the EU?

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In value terms, the largest smoked salmon importing markets in the European Union were Germany ($536M), Italy ($293M) and France ($131M), together accounting for 74% of total imports.

What is the average export price for smoked pacific, atlantic and danube salmon in the the EU?

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The smoked salmon export price in the European Union stood at $16,697 per tonne in 2020, dropping by -2.9% against the previous year.

What is the average import price for smoked pacific, atlantic and danube salmon in the the EU?

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The smoked salmon import price in the European Union stood at $15,679 per tonne in 2020, waning by -3.3% against the previous year.