Spain: Preserved Herring Market 2022

Preserved Herring Market Size in Spain

The Spanish preserved herring market expanded to $X in 2021, picking up by X% against the previous year. Over the period under review, consumption, however, showed a remarkable increase. Preserved herring consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Preserved Herring Production in Spain

In value terms, preserved herring production totaled $X in 2021 estimated in export prices. Overall, production, however, posted prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% y-o-y. Preserved herring production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Preserved Herring Exports

Exports from Spain

In 2021, overseas shipments of herrings (prepared or preserved) decreased by -X% to X tonnes, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a pronounced downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% y-o-y. The exports peaked at X tonnes in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, preserved herring exports dropped to $X in 2021. Overall, exports showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X tonnes), France (X tonnes) and the Netherlands (X tonnes) were the main destinations of preserved herring exports from Spain, together comprising X% of total exports. These countries were followed by Other Countries, the UK, Croatia and Portugal, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Croatia (+X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved herring exported from Spain were Italy ($X), France ($X) and Croatia ($X), together accounting for X% of total exports.

Among the main countries of destination, Croatia, with a CAGR of +X%, recorded the highest growth rate of the value of exports, 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 tonne in 2021, growing by X% against the previous year. In general, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2017 an increase of X% year-to-year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($X per tonne), while the average price for exports to Other Countries ($X per tonne) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Herring Imports

Imports into Spain

In 2021, imports of herrings (prepared or preserved) into Spain reduced notably to X tonnes, with a decrease of -X% compared with 2020. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X tonnes. From 2018 to 2021, the growth imports remained at a lower figure.

In value terms, preserved herring imports declined rapidly to $X in 2021. Overall, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth imports failed to regain momentum.

Imports by Country

Germany (X tonnes), Sweden (X tonnes) and France (X tonnes) were the main suppliers of preserved herring imports to Spain, together accounting for X% of total imports. Lithuania, Poland, Greece, Romania and Belgium lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Belgium (+X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved herring suppliers to Spain were Sweden ($X), Germany ($X) and Greece ($X), together comprising X% of total imports. France, Lithuania, Romania, Poland and Belgium lagged somewhat behind, together accounting for a further X the main suppliers, Belgium, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved herring import price stood at $X per tonne in 2021, stabilizing at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per tonne in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform