India: Preserved Herring Market 2024

Preserved Herring Market Size in India

The Indian preserved herring market shrank modestly to $X in 2022, which is down by X% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value 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, consumption decreased by X% against 2019 indices. Preserved herring consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Preserved Herring Production in India

In value terms, preserved herring production shrank slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated prominent growth from 2012 to 2022: its value 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, production decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Preserved Herring Exports

Exports from India

In 2022, preserved herring exports from India reduced to X tons, which is down by X% compared with the previous year. Overall, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved herring exports expanded remarkably to $X in 2022. In general, exports saw a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for preserved herring exports from India, accounting for a X% share of total exports. Moreover, preserved herring exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United Arab Emirates (X% per year).

In value terms, the United States ($X) remains the key foreign market for herrings (prepared or preserved) exports from India, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average preserved herring export price amounted to $X per ton, growing by X% against the previous year. Overall, export price indicated a buoyant increase 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 herring export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Kenya ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Herring Imports

Imports into India

For the fifth year in a row, India recorded decline in overseas purchases of herrings (prepared or preserved), which decreased by X% to X kg in 2022. In general, imports recorded a deep downturn. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, preserved herring imports declined slightly to $X in 2022. Over the period under review, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Denmark (X kg) constituted the largest supplier of preserved herring to India, accounting for a X% share of total imports. Moreover, preserved herring imports from Denmark exceeded the figures recorded by the second-largest supplier, Canada (X kg), threefold.

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

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

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

Import Prices by Country

In 2022, the average preserved herring import price amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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