Herring fillets market
Herring Fillets - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | China |
| 2 | Norway |
| 3 | Thailand |
| 4 | Russia |
| 5 | South Korea |
In value terms, China led the market, alone. The second position in the ranking was occupied by Norway. It was followed by Thailand.
In China, the market of herring fillets, dried, salted or in brine increased at an average annual rate of +758.8% over the period from 2018-2020. In the other countries, the average annual rates were as follows: Norway (-4.0% per year) and Thailand (-5.2% per year).
Herring Fillets, Dried, Salted Or In Brine Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Indonesia | n/a | n/a | 1630 | 0.0% |
| Mozambique | 2101 | n/a | 2241 | 3.3% |
| Thailand | 3791 | 3870 | 3588 | -2.7% |
| Spain | 6275 | 4468 | 3997 | -20.2% |
| China | 4400 | 4345 | 5458 | 11.4% |
| Vietnam | 5505 | 9241 | 6541 | 9.0% |
| South Korea | 15097 | 11738 | 13575 | -5.2% |
| Average | 5746 | 6206 | 5226 | -4.6% |
There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was South Korea ($13,575 per ton), while Indonesia ($1,630 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other global leaders experienced more modest paces of growth.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Russia | 6131 | 6239 | 6416 | 2.3% |
| Portugal | 3288 | 2487 | 3357 | 1.0% |
| Zimbabwe | 2101 | n/a | 2241 | 3.3% |
| China | n/a | n/a | 1722 | 0.0% |
| Average | 4280 | 6080 | 2954 | -16.9% |
Prices varied noticeably by the country of destination; the country with the highest price was Russia ($6,416 per ton), while China ($1,722 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Zimbabwe, while the other global leaders experienced more modest paces of growth.
Herring Fillets, Dried, Salted or in Brine - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| China | n/a | n/a | 21 | 0.0% |
| Russia | 7.1 | 13 | 13 | 34.7% |
| Portugal | 2 | 0.9 | 1.6 | -9.0% |
| Zimbabwe | 0.6 | n/a | 1.4 | 48.3% |
In value terms, the largest herring fillets, dried, salted or in brine importing markets worldwide were China ($21M), Russia ($13M) and Portugal ($1.6M), together accounting for 70% of global imports. These countries were followed by Zimbabwe, which accounted for a further 2.6%.
In terms of the main importing countries, Zimbabwe recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Herring Fillets, Dried, Salted or in Brine - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| million USD | ||||
| Vietnam | 5.5 | 22 | 14 | 57.8% |
| China | 16 | 11 | 13 | -12.0% |
| Thailand | 11 | 12 | 11 | 0.2% |
| South Korea | 21 | 12 | 11 | -27.9% |
| Spain | 2.6 | 0.9 | 2.4 | -3.0% |
In value terms, Vietnam ($14M), China ($13M) and Thailand ($11M) appeared to be the countries with the highest levels of exports in 2020, with a combined 61% share of global exports.
Vietnam (+57.8% per year) saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Herring Fillets, Dried, Salted or in Brine - Market Forecast
Driven by increasing demand for herring fillets, dried, salted or in brine worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Herring Fillets - Product Coverage
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