Turkey: Smoked Herring Market 2024

Smoked Herring Market Size in Turkey

In 2022, the Turkish smoked herring market increased by X% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption continues to indicate a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Smoked Herring Production in Turkey

In value terms, smoked herring production reduced to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Smoked herring production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Smoked Herring Exports

Exports from Turkey

In 2022, the amount of smoked herrings exported from Turkey soared to X tons, picking up by X% compared with 2021. In general, exports posted a resilient increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, smoked herring exports soared to $X in 2022. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Liberia (X kg), Malta (X kg) and Panama (X kg) were the main destinations of smoked herring exports from Turkey, with a combined X% share of total exports. Russia, Marshall Islands, Portugal, the UK, Bahamas, Cameroon, Antigua and Barbuda, Singapore, Gabon and Saint Kitts and Nevis lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the biggest increases were recorded for Cameroon (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for smoked herring exported from Turkey were Liberia ($X), Panama ($X) and Malta ($X), with a combined X% share of total exports. Russia, Marshall Islands, Portugal, Bahamas, the UK, Cameroon, Antigua and Barbuda, Gabon, Singapore and Saint Kitts and Nevis lagged somewhat behind, together accounting for a further X%.

Cameroon, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average smoked herring export price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced descent. The growth pace was the most rapid in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Cameroon ($X per ton) and Antigua and Barbuda ($X per ton), while the average price for exports to the UK ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (X%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Herring Imports

Imports into Turkey

In 2022, purchases abroad of smoked herrings increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, smoked herring imports skyrocketed to $X in 2022. Over the period under review, imports showed a prominent increase. Imports peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of smoked herring to Turkey, with a X% share of total imports. Moreover, smoked herring imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X kg), threefold.

From 2013 to 2022, the average annual growth rate of volume from the Netherlands amounted to X%.

In value terms, the Netherlands ($X) constituted the largest supplier of smoked herrings to Turkey, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

From 2013 to 2022, the average annual growth rate of value from the Netherlands amounted to X%.

Import Prices by Country

In 2022, the average smoked herring import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for the Netherlands amounted to $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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