United Kingdom - Salmon (Prepared Or Preserved) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPreserved Salmon Price in the UK - 2023
Contents:
- Preserved Salmon Price in the UK (CIF) - 2023
- Preserved Salmon Price in the UK (FOB) - 2022
- Preserved Salmon Imports in the UK
- Preserved Salmon Exports in the UK
Preserved Salmon Price in the UK (CIF) - 2023
The average preserved salmon import price stood at $9,929 per ton in June 2023, shrinking by -18.6% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 an increase of 24% against the previous month. The import price peaked at $13,470 per ton in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Ireland ($18,676 per ton), while the price for China ($6,197 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Preserved Salmon Price in the UK (FOB) - 2022
The average preserved salmon export price stood at $13,714 per ton in 2022, waning by -11.8% against the previous year. In general, the export price, however, posted temperate growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 52% against the previous year. Over the period under review, the average export prices reached the maximum at $15,551 per ton in 2021, and then reduced in the following year.
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 Singapore ($20,884 per ton), while the average price for exports to the United States ($4,317 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 Singapore (+7.8%), while the prices for the other major destinations experienced more modest paces of growth.
Preserved Salmon Imports in the UK
In 2022, approx. 9.3K tons of salmon (prepared or preserved) were imported into the UK; surging by 15% compared with 2021. The total import volume increased at an average annual rate of +7.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, preserved salmon imports expanded remarkably to $94M in 2022. The total import value increased at an average annual rate of +6.3% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 12% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.
Import of Preserved Salmon in the UK (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 48.7 | 58.4 | 46.4 | 58.2 | 6.1% |
Poland | 2.9 | 7.8 | 12.6 | 17.7 | 82.8% |
Canada | 11.9 | 14.5 | 14.0 | 6.3 | -19.1% |
China | 0.2 | 0.2 | 0.2 | 4.3 | 178.1% |
Ireland | 4.7 | 2.1 | 0.8 | 2.7 | -16.9% |
Germany | 1.2 | 1.3 | 1.1 | 2.2 | 22.4% |
France | 3.8 | 1.0 | 2.9 | 1.1 | -33.8% |
Netherlands | 2.1 | 0.1 | 1.5 | 0.3 | -47.7% |
Denmark | 0.7 | 1.7 | 0.9 | N/A | 13.4% |
Others | 1.7 | 0.4 | 8.0 | 1.1 | -13.5% |
Total | 78.1 | 87.4 | 88.4 | 93.9 | 6.3% |
Top Suppliers of Preserved Salmon to the UK in 2022:
- United States (5553.9 tons)
- Poland (1840.6 tons)
- China (539.4 tons)
- Canada (529.1 tons)
- Germany (274.2 tons)
- Ireland (191.9 tons)
- France (143.2 tons)
- Netherlands (50.5 tons)
- Denmark (5.7 tons)
Preserved Salmon Exports in the UK
Preserved salmon exports from the UK soared to 283 tons in 2022, with an increase of 17% against the year before. Over the period under review, exports, however, faced a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 22% against the previous year. As a result, the exports reached the peak of 1.2K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, preserved salmon exports reached $3.9M in 2022. Overall, exports, however, faced a precipitous decrease. The pace of growth was the most pronounced in 2020 when exports increased by 12%. As a result, the exports attained the peak of $14M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Preserved Salmon in the UK (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ireland | 7,715 | 9,725 | 2,441 | 1,584 | -41.0% |
Australia | 297 | 380 | 19.3 | 424 | 12.6% |
Romania | 0.4 | 1.1 | N/A | 210 | 706.7% |
Singapore | 231 | 101 | 83.0 | 173 | -9.2% |
Hong Kong SAR | 142 | 115 | 47.3 | 141 | -0.2% |
France | 950 | 874 | 153 | 105 | -52.0% |
United Arab Emirates | 857 | 519 | 583 | 55.5 | -59.8% |
Gibraltar | 9.7 | 45.8 | 51.5 | 55.1 | 78.4% |
Malta | 156 | 70.1 | 40.6 | 44.9 | -34.0% |
United States | 8.8 | 74.3 | 4.5 | 26.9 | 45.1% |
Netherlands | 517 | 165 | 25.0 | 2.4 | -83.3% |
Vietnam | N/A | 102 | N/A | N/A | 0% |
Philippines | 37.4 | 119 | 7.4 | N/A | -55.5% |
Others | 1,229 | 1,293 | 309 | 1,063 | -4.7% |
Total | 12,151 | 13,583 | 3,764 | 3,884 | -31.6% |
Top Export Markets for Preserved Salmon from the UK in 2022:
- Netherlands (undefined tons)
- Ireland (112.5 tons)
- Australia (41.1 tons)
- Romania (15.6 tons)
- Hong Kong SAR (10.8 tons)
- Singapore (8.3 tons)
- Malta (6.8 tons)
- Gibraltar (6.5 tons)
- United States (6.2 tons)
- France (3.4 tons)
- United Arab Emirates (3.1 tons)
This report provides an in-depth analysis of the preserved salmon market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10202510 - Prepared or preserved salmon, whole or in pieces (excluding minced products and prepared meals and dishes)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In March 2023, the growth rate of Preserved Salmon was at its fastest, showing an 80% increase month-to-month. The value of preserved salmon imports decreased to $5.1M in September 2023.
In March 2023, the growth pace accelerated significantly with a 49% increase from the previous month. The value of preserved anchovies imports skyrocketed to $1.4M in November 2023.
Preserved Mackerel imports experienced a significant decline, with import value dropping to $3.3M in October 2023, after a period of stagnant growth from December 2022 to October 2023.
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In March 2023, the growth rate of Preserved Salmon was at its fastest, showing an 80% increase month-to-month. The value of preserved salmon imports decreased to $5.1M in September 2023.
In March 2023, the growth pace accelerated significantly with a 49% increase from the previous month. The value of preserved anchovies imports skyrocketed to $1.4M in November 2023.
Preserved Mackerel imports experienced a significant decline, with import value dropping to $3.3M in October 2023, after a period of stagnant growth from December 2022 to October 2023.