Finland: Preserved Herring Market 2024

Preserved Herring Market Size in Finland

The Finnish preserved herring market dropped to $X in 2022, shrinking by X% against the previous year. In general, consumption continues to indicate a abrupt descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Preserved Herring Production in Finland

In value terms, preserved herring production expanded notably to $X in 2022 estimated in export price. In general, production, however, faced a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Preserved Herring Exports

Exports from Finland

In 2022, approx. X tons of herrings (prepared or preserved) were exported from Finland; declining by X% against 2021. Over the period under review, exports showed a significant curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, preserved herring exports declined markedly to $X in 2022. In general, exports faced a precipitous descent. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Estonia (X tons) was the main destination for preserved herring exports from Finland, accounting for a X% share of total exports. Moreover, preserved herring exports to Estonia exceeded the volume sent to the second major destination, the United States (X tons), twofold. The third position in this ranking was held by Russia (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Estonia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Russia (X% per year).

In value terms, Estonia ($X), the United States ($X) and Canada ($X) constituted the largest markets for preserved herring exported from Finland worldwide, with a combined X% share of total exports. Spain, Sweden, Russia and Switzerland lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Switzerland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average preserved herring export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Herring Imports

Imports into Finland

Preserved herring imports into Finland dropped remarkably to X tons in 2022, falling by X% on 2021 figures. Overall, imports showed a noticeable downturn. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, preserved herring imports shrank markedly to $X in 2022. In general, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Sweden (X tons) constituted the largest preserved herring supplier to Finland, accounting for a X% share of total imports. Moreover, preserved herring imports from Sweden exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. The third position in this ranking was taken by Denmark (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Sweden stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Denmark (X% per year).

In value terms, Sweden ($X) constituted the largest supplier of herrings (prepared or preserved) to Finland, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Sweden totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Denmark (X% per year).

Import Prices by Country

In 2022, the average preserved herring import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iceland (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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