EU: Preserved Sardines Market 2024

Preserved Sardines Market Size in the EU

In 2023, after two years of decline, there was significant growth in the EU preserved sardines market, when its value increased by X% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Preserved Sardines Production in the EU

In value terms, preserved sardines production shrank modestly to $X in 2023 estimated in export price. Overall, production, however, showed a slight setback. The pace of growth was the most pronounced in 2020 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Preserved Sardines Exports

Exports in the EU

In 2023, the amount of sardines (prepared or preserved) exported in the European Union fell to X tons, which is down by X% compared with 2022 figures. Overall, exports recorded a pronounced contraction. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.

In value terms, preserved sardines exports expanded sharply to $X in 2023. Total exports indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

Exports by Country

In 2023, Latvia (X tons), Portugal (X tons), Poland (X tons), Croatia (X tons), the Netherlands (X tons) and Estonia (X tons) was the main exporter of sardines (prepared or preserved) in the European Union, making up X% of total export. Spain (X tons) took a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Poland ($X) and Latvia ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Croatia, the Netherlands, Spain and Estonia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, the Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to 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 export price in the European Union stood at $X per ton in 2023, picking up by X% against the previous year. Export price indicated a buoyant increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, preserved sardines export price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. The level of export peaked in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Spain ($X per ton), while Estonia ($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.

Preserved Sardines Imports

Imports in the EU

Preserved sardines imports declined modestly to X tons in 2023, dropping by X% against the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2023, imports failed to regain momentum.

In value terms, preserved sardines imports totaled $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2023, France (X tons), distantly followed by Germany (X tons), Spain (X tons), the Netherlands (X tons), the Czech Republic (X tons) and Romania (X tons) were the main importers of sardines (prepared or preserved), together comprising X% of total imports. Italy (X tons), Belgium (X tons), Poland (X tons), Sweden (X tons), Austria (X tons), Slovakia (X tons) and Lithuania (X tons) held a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Poland (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest preserved sardines importing markets in the European Union were France ($X), Germany ($X) and Spain ($X), with a combined X% share of total imports. The Netherlands, Belgium, Italy, Romania, the Czech Republic, Austria, Poland, Slovakia, Lithuania and Sweden lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 the European Union stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Austria ($X per ton), while Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform