Between 2013 and 2023, the EU’s export volume of caviar has shown fluctuations while generally trending upwards. The caviar export value stood at 1.6034 million kilograms in 2023. Notable year-on-year variations include several peaks and troughs, such as a significant increase of 18.16% in 2018 followed by a 15.38% decline in 2020. Over the last two years (2022-2023), the exports have increased slightly by 7.16% and 1.73% respectively. The Compound Annual Growth Rate (CAGR) over the past five years remains modest at 1.06%.
Looking forward from 2024, the forecast indicates a steady upward trend in export volume, with a forecast 5-year CAGR of 1.36% and an overall growth rate of 6.98% by 2028.
Future trends to watch for include:
• Potential impacts of geopolitical events on trade policies and thus on caviar exports.
• Increasing demand for premium food products in emerging markets, which may drive further growth.
• Technological advancements in aquaculture and sustainable practices possibly affecting production and supply.
