Scandinavia: Preserved Herring Market 2024

Preserved Herring Market Size in Scandinavia

In 2022, the Scandinavia preserved herring market decreased by X% to $X for the first time since 2015, thus ending a six-year rising trend. Overall, consumption, however, recorded a mild increase. As a result, consumption reached the peak level of $X, and then declined markedly in the following year.

Preserved Herring Production in Scandinavia

In value terms, preserved herring production expanded slightly to $X in 2022 estimated in export price. The total production indicated moderate 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 increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Preserved Herring Exports

Exports in Scandinavia

In 2022, overseas shipments of herrings (prepared or preserved) decreased by X% to X tons, falling for the second consecutive year after three years of growth. Overall, exports showed a mild contraction. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, preserved herring exports contracted to $X in 2022. Over the period under review, exports recorded a abrupt setback. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Norway represented the largest exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Sweden (X tons), constituting a X% share of total exports.

Norway experienced a relatively flat trend pattern with regard to volume of exports of herrings (prepared or preserved). Sweden (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (X p.p.) displayed negative dynamics.

In value terms, Norway ($X) remains the largest preserved herring supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Sweden ($X), with a X% share of total exports.

In Norway, preserved herring exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Scandinavia stood at $X per ton in 2022, leveling off at the previous year. Overall, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (X%).

Preserved Herring Imports

Imports in Scandinavia

In 2022, supplies from abroad of herrings (prepared or preserved) decreased by X% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, preserved herring imports dropped remarkably to $X in 2022. In general, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Sweden represented the key importer of herrings (prepared or preserved) in Scandinavia, with the volume of imports recording X tons, which was near X% of total imports in 2022. Finland (X tons) ranks second in terms of the total imports with a X% share, followed by Norway (X%).

Sweden experienced a relatively flat trend pattern with regard to volume of imports of herrings (prepared or preserved). Finland (X%) and Norway (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by X percentage points.

In value terms, the largest preserved herring importing markets in Scandinavia were Sweden ($X), Finland ($X) and Norway ($X).

Finland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :