Eastern Europe: Preserved Herring Market 2024

Preserved Herring Market Size in Eastern Europe

The East European preserved herring market reduced to $X in 2023, shrinking by X% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Preserved Herring Production in Eastern Europe

In value terms, preserved herring production dropped modestly to $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Preserved Herring Exports

Exports in Eastern Europe

In 2023, shipments abroad of herrings (prepared or preserved) was finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, preserved herring exports soared to $X in 2023. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2023, Poland (X tons) was the largest exporter of herrings (prepared or preserved), committing X% of total exports. Belarus (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Lithuania (X%) and Latvia (X%). Russia (X tons) followed a long way behind the leaders.

Poland experienced a relatively flat trend pattern with regard to volume of exports of herrings (prepared or preserved). At the same time, Latvia (X%), Belarus (X%), Russia (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Belarus and Latvia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest preserved herring supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

In Poland, preserved herring exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Lithuania (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the other leaders experienced mixed trends in the export price figures.

Preserved Herring Imports

Imports in Eastern Europe

Preserved herring imports rose remarkably to X tons in 2023, surging by X% on 2022 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, preserved herring imports soared to $X in 2023. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Poland represented the major importing country with an import of about X tons, which accounted for X% of total imports. Russia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Romania (X%) and Estonia (X%). The Czech Republic (X tons), Latvia (X tons), Slovakia (X tons), Hungary (X tons) and Ukraine (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to preserved herring imports into Poland stood at X%. At the same time, Romania (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Slovakia, Estonia, Latvia and Russia experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%), Hungary (X%) and Ukraine (X%) illustrated a downward trend over the same period. While the share of Romania (X p.p.) and Poland (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Russia (X p.p.) and Ukraine (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest preserved herring importing markets in Eastern Europe were Poland ($X), Russia ($X) and Romania ($X), together comprising X% of total imports.

In terms of the main importing countries, Romania, with a CAGR of X%, recorded the highest growth rate of 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 import price in Eastern Europe stood at $X per ton in 2023, jumping by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform