Eastern Europe: Smoked Herring Market 2024

Smoked Herring Market Size in Eastern Europe

The East European smoked herring market contracted to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Smoked Herring Production in Eastern Europe

In value terms, smoked herring production declined slightly to $X in 2022 estimated in export price. In general, production saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Smoked Herring Exports

Exports in Eastern Europe

After five years of growth, overseas shipments of smoked herrings decreased by X% to X tons in 2022. In general, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then contracted in the following year.

In value terms, smoked herring exports dropped to $X in 2022. Total exports indicated a buoyant expansion 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, exports decreased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus was the major exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Lithuania (X tons) and Poland (X tons), together achieving a X% share of total exports. The following exporters - Russia (X tons) and Romania (X tons) - together made up X% of total exports.

Belarus was also the fastest-growing in terms of the smoked herrings exports, with a CAGR of X% from 2012 to 2022. At the same time, Russia (X%) displayed positive paces of growth. By contrast, Lithuania (X%), Romania (X%) and Poland (X%) illustrated a downward trend over the same period. While the share of Belarus (X p.p.) and Russia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Romania (X p.p.), Poland (X p.p.) and Lithuania (X p.p.) displayed negative dynamics.

In value terms, the largest smoked herring supplying countries in Eastern Europe were Belarus ($X), Lithuania ($X) and Poland ($X), together accounting for X% of total exports.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the export price figures.

Smoked Herring Imports

Imports in Eastern Europe

In 2022, after five years of growth, there was decline in purchases abroad of smoked herrings, when their volume decreased by X% to X tons. In general, imports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2021, and then reduced slightly in the following year.

In value terms, smoked herring imports declined to $X in 2022. Overall, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

The purchases of the one major importers of smoked herrings, namely Russia, represented more than two-thirds of total import.

Russia was also the fastest-growing in terms of the smoked herrings imports, with a CAGR of X% from 2012 to 2022. Russia (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported smoked herrings in Eastern Europe.

From 2012 to 2022, the average annual growth rate of value in Russia stood at X%.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, remaining relatively unchanged against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Source: IndexBox Platform

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