United Kingdom: Preserved Herring Market 2024

Preserved Herring Market Size in the UK

The UK preserved herring market shrank modestly to $X in 2022, stabilizing at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Preserved Herring Production in the UK

In value terms, preserved herring production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Preserved herring production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Preserved Herring Exports

Exports from the UK

Preserved herring exports from the UK soared to X tons in 2022, with an increase of X% against the previous year. Over the period under review, exports showed a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, preserved herring exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a slight reduction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Togo (X tons) was the main destination for preserved herring exports from the UK, accounting for a X% share of total exports. Moreover, preserved herring exports to Togo exceeded the volume sent to the second major destination, Ghana (X tons), threefold. The third position in this ranking was taken by Cameroon (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Togo was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ghana (X% per year) and Cameroon (X% per year).

In value terms, the largest markets for preserved herring exported from the UK were Togo ($X), Ghana ($X) and Cameroon ($X), together accounting for X% of total exports.

Cameroon, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average preserved herring export price amounted to $X per ton, declining by X% against the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Benin ($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 Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Herring Imports

Imports into the UK

In 2022, the amount of herrings (prepared or preserved) imported into the UK declined notably to X tons, reducing by X% on the year before. Overall, imports saw a noticeable curtailment. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, preserved herring imports declined rapidly to $X in 2022. In general, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Norway (X tons), Denmark (X tons) and Poland (X tons) were the main suppliers of preserved herring imports to the UK, together accounting for X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Poland ($X) and Denmark ($X) appeared to be the largest preserved herring suppliers to the UK, with a combined X% share of total imports.

Norway, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 ton in 2022, surging by X% against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ireland ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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