Italy: Preserved Herring Market 2024

Preserved Herring Market Size in Italy

The Italian preserved herring market stood at $X in 2022, leveling off at the previous year. Over the period under review, consumption, however, showed a mild contraction. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Preserved Herring Production in Italy

In value terms, preserved herring production reached $X in 2022 estimated in export price. In general, production, however, recorded a mild downturn. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Preserved herring production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Preserved Herring Exports

Exports from Italy

In 2022, overseas shipments of herrings (prepared or preserved) decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, exports saw a noticeable slump. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, preserved herring exports dropped dramatically to $X in 2022. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Malta (X tons), Germany (X tons) and Greece (X tons) were the main destinations of preserved herring exports from Italy, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved herring exported from Italy were Germany ($X), Malta ($X) and Malaysia ($X), together accounting for X% of total exports. France, Austria, Greece and Cyprus lagged somewhat behind, together accounting for a further X%.

Greece, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average preserved herring export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to Malta ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Herring Imports

Imports into Italy

In 2022, the amount of herrings (prepared or preserved) imported into Italy shrank markedly to X tons, waning by X% against the previous year's figure. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then reduced notably in the following year.

In value terms, preserved herring imports reduced markedly to $X in 2022. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced notably in the following year.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of preserved herring to Italy, accounting for a X% share of total imports. Moreover, preserved herring imports from Germany exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. The third position in this ranking was held by Spain (X tons), with an X% share.

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

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

From 2012 to 2022, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Spain (X% per year).

Import Prices by Country

The average preserved herring import price stood at $X per ton in 2022, falling by X% against 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 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 the Netherlands ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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