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Portugal - Herrings (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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Portugal: Preserved Herring Market Overview 2021

Preserved Herring Market Size in Portugal

In 2020, the Portuguese preserved herring market was finally on the rise to reach $X for the first time since 2016, thus ending a three-year declining trend. Overall, consumption recorded a relatively flat trend pattern. The growth pace was the most rapid in 2009 with an increase of X% against the previous year. As a result, consumption reached the peak level of $X. From 2010 to 2020, the growth of the market remained at a lower figure.

Preserved Herring Production in Portugal

In value terms, preserved herring production rose rapidly 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 remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2009 when the production volume increased by X% year-to-year. Preserved herring production peaked at $X in 2014; however, from 2015 to 2020, production stood at a somewhat lower figure.

Preserved Herring Exports

Exports from Portugal

In 2020, the amount of herrings (prepared or preserved) exported from Portugal shrank significantly to X tonnes, dropping by -X% against the previous year. Overall, exports saw a abrupt decline. The pace of growth was the most pronounced in 2008 when exports increased by X% y-o-y. As a result, exports attained the peak of X tonnes. From 2009 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, preserved herring exports contracted notably to $X in 2020. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2020, exports failed to regain the momentum.

Exports by Country

Luxembourg (X kg) was the main destination for preserved herring exports from Portugal, with a X% share of total exports. Moreover, preserved herring exports to Luxembourg exceeded the volume sent to the second major destination, France (X kg), twofold. The third position in this ranking was occupied by Lithuania (X kg), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Luxembourg stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-X% per year) and Lithuania (X% per year).

In value terms, Luxembourg ($X) emerged as the key foreign market for preserved herring exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Switzerland ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Luxembourg totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (-X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2020, the average preserved herring export price amounted to $X per tonne, surging by X% against the previous year. In general, export price indicated prominent growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per tonne in 2014; however, from 2015 to 2020, export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the UK ($X per tonne), while the average price for exports to France ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK, while the prices for the other major destinations experienced more modest paces of growth.

Preserved Herring Imports

Imports into Portugal

In 2020, supplies from abroad of herrings (prepared or preserved) decreased by -X% to X tonnes for the first time since 2017, thus ending a two-year rising trend. In general, imports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. Imports peaked at X tonnes in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, preserved herring imports shrank dramatically to $X in 2020. Over the period under review, imports showed a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Germany (X tonnes) constituted the largest preserved herring supplier to Portugal, with a X% share of total imports. Moreover, preserved herring imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X tonnes), twofold.

From 2007 to 2020, the average annual rate of growth in terms of volume from Germany totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Denmark (+X% per year).

In value terms, Germany ($X) constituted the largest supplier of preserved herring to Portugal, comprising X% of total imports. The second position in the ranking was occupied by Spain ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value from Germany amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+X% per year) and Denmark (+X% per year).

Import Prices by Country

In 2020, the average preserved herring import price amounted to $X per tonne, dropping by -X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the average import price increased by X% y-o-y. Over the period under review, average import prices hit record highs at $X per tonne in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Denmark ($X per tonne), while the price for Spain ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Germany, while the prices for the other major suppliers experienced a decline.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for herrings (prepared or preserved) in the world?
+
The country with the largest volume of preserved herring consumption was China (664K tonnes), accounting for 16% of total volume. Moreover, preserved herring consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (305K tonnes), twofold. India (275K tonnes) ranked third in terms of total consumption with a 6.7% share.
What are the largest producers of herrings (prepared or preserved) in the world?
+
The country with the largest volume of preserved herring production was China (667K tonnes), accounting for 16% of total volume. Moreover, preserved herring production in China exceeded the figures recorded by the second-largest producer, the U.S. (295K tonnes), twofold. India (276K tonnes) ranked third in terms of total production with a 6.7% share.
What are the leading suppliers of herrings (prepared or preserved) to Portugal?
+
In value terms, Germany ($159K) constituted the largest supplier of preserved herring to Portugal, comprising 69% of total imports. The second position in the ranking was occupied by Spain ($64K), with a 28% share of total imports.
What are the leading importers of herrings (prepared or preserved) from Portugal?
+
In value terms, Luxembourg ($4K) emerged as the key foreign market for preserved herring exports from Portugal, comprising 51% of total exports. The second position in the ranking was occupied by Switzerland ($1K), with a 13% share of total exports. It was followed by Lithuania, with a 12% share.
What is the average export price for herrings (prepared or preserved) in Portugal?
+
The average preserved herring export price stood at $5,825 per tonne in 2020, with an increase of 4.6% against the previous year.
What is the average import price for herrings (prepared or preserved) in Portugal?
+
The average preserved herring import price stood at $3,160 per tonne in 2020, shrinking by -28.1% against the previous year.

Product coverage:
• Prodcom 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)

This report provides an in-depth analysis of the preserved herring market in Portugal. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Portugal

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Portugal
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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