HS Code:
Roe, classified under HS Code 0303.80, refers to fish eggs, primarily from species like sturgeon (caviar), salmon, and other fish, used as a delicacy in various cuisines worldwide. This category includes both fresh and preserved roe, with significant demand in luxury food markets. Global trade in roe is influenced by aquaculture production, environmental regulations, and consumer preferences for sustainable and ethically sourced products.
Total Trade Volume
Approximately $500 million USD
Data from 2022
Source
United Nations Comtrade Database and International Trade Centre (ITC)
$120 million USD
24% of global trade of total trade
Increasing
$100 million USD
20% of global trade of total trade
Stable
$80 million USD
16% of global trade of total trade
Increasing
$60 million USD
12% of global trade of total trade
Stable
$40 million USD
8% of global trade of total trade
Decreasing
Average Rate
8.5% ad valorem
Highest Rate
15% (applied by certain countries to protect domestic aquaculture industries)
Lowest Rate
0% (under free trade agreements like EU-Japan EPA)
Rising demand for sustainable and farm-raised roe
Increased investment in aquaculture and certification programs like ASC (Aquaculture Stewardship Council), leading to a shift away from wild-caught roe.
2021-2022
Growth in plant-based and synthetic caviar alternatives
Moderate competition for traditional roe markets, particularly among vegan and environmentally conscious consumers.
2022
Expansion of e-commerce platforms for luxury food products
Improved access to niche markets, boosting trade volumes for high-end roe products like caviar in regions with growing disposable incomes.
2020-2022
The Convention on International Trade in Endangered Species (CITES) introduced stricter export controls on sturgeon roe to combat illegal fishing and ensure sustainable trade.
March 2023
Potential reduction in supply from traditional exporters like Russia and Iran, with higher prices for certified caviar.
Negotiations concluded to reduce tariffs on roe and other aquaculture products, fostering greater market access for Chinese exporters to the European Union.
October 2022
Expected increase in Chinese roe exports to Europe, potentially impacting local producers in France and Italy.
Significant funding allocated to sustainable sturgeon farming in the United States to reduce reliance on imported caviar and meet growing domestic demand.
January 2023
Likely to bolster US market share in global roe trade over the next 5-10 years.