In 2023, Spain dominated global prepared or preserved anchovies exports, capturing a significant market share at 48.55%. Peru followed with a 37.11% share, indicating robust growth in the sector. Both Germany and Bulgaria exhibited strong year-on-year growth rates of 9.05% and 9.28%, respectively. Conversely, the United States saw a notable decline of 12.92%, and Russia's share decreased by 8.78%. Latvia experienced the largest drop of 63.8% in its export share.
Looking ahead, it will be crucial to monitor Spain and Peru's strategies to maintain their competitive edge. The resilience and growth in European markets like Germany and Bulgaria should be observed, as well as the potential for recovery in the US and Russian markets. Adapting to global demand and trade dynamics will be key for countries aiming to expand their share in the anchovies export market.
Top countries in Prepared or Preserved Anchovies Exports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 48.55 | 2023 | +2.63% | +4.46% | View data |
| 2 | 2 Peru | 37.11 | 2023 | +3.33% | +1.29% | View data |
| 3 | 3 France | 5.8 | 2023 | -1.58% | +4.45% | View data |
| 4 | 4 Germany | 3.52 | 2023 | +12.81% | +9.05% | View data |
| 5 | 5 China | 2.73 | 2023 | +19.5% | +0.3% | View data |
| 6 | 6 Bulgaria | 2.5 | 2023 | +8.71% | +9.28% | View data |
| 7 | 7 Austria | 0.72 | 2023 | +0.11% | +2.66% | View data |
| 8 | 8 United States | 0.57 | 2023 | +17.9% | -12.92% | View data |
| 9 | 9 United Kingdom | 0.56 | 2023 | +1.22% | +3.62% | View data |
| 10 | 10 Malaysia | 0.41 | 2023 | +17.24% | +9.9% | View data |
