In 2023, China led with a significant export share of global prepared or preserved sardines, sardinella, and brisling or sprats, experiencing a substantial increase of 26.96%. Thailand and Indonesia followed, although Thailand's share slightly declined by 0.16%, contrasting with Indonesia's notable 20.95% rise. Portugal and Latvia showed moderate growth, while the Netherlands, Vietnam, and Russia had impressive gains. However, some countries like the Philippines and Italy faced declines. Over the past five years, the compound annual growth rate (CAGR) highlights overall positive trends, with several emerging key players.
Looking ahead, the global market for prepared or preserved sardines may witness further shifts. Key trends to watch include:
- China's continued dominance and potential for expanding its export share.
- Potential recovery or fluctuation in countries like Italy and the Philippines, which saw declines in 2023.
- The influence of emerging markets and their export capacities.
- Global trade policies and environmental factors affecting fisheries and exports.
Top countries in Prepared or Preserved Sardines, Sardinella and Brisling or Sprats Exports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 32.26 | 2023 | +12.32% | +26.96% | View data |
| 2 | 2 Thailand | 19.25 | 2023 | -0.078% | -0.16% | View data |
| 3 | 3 Indonesia | 9.6 | 2023 | +20.36% | +20.95% | View data |
| 4 | 4 Portugal | 8.79 | 2023 | -0.88% | +3.38% | View data |
| 5 | 5 Latvia | 7.24 | 2023 | +3.74% | +5.5% | View data |
| 6 | 6 Netherlands | 4.39 | 2023 | +2.17% | +9.45% | View data |
| 7 | 7 Vietnam | 3.69 | 2023 | +5.16% | +18.87% | View data |
| 8 | 8 Russia | 3.45 | 2023 | +4.16% | +10.08% | View data |
| 9 | 9 Philippines | 2.36 | 2023 | +1.15% | -5.49% | View data |
| 10 | 10 Spain | 2.24 | 2023 | +2.24% | +4.8% | View data |
