CIS: Market for Fresh Or Chilled Anchovies 2024

Market Size for Fresh Or Chilled Anchovies in CIS

The CIS fresh or chilled anchovies market dropped markedly to $X in 2023, with a decrease of X% against the previous year. In general, consumption, however, recorded a drastic downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Production of Fresh Or Chilled Anchovies in CIS

In value terms, fresh or chilled anchovies production expanded significantly to $X in 2023 estimated in export price. Over the period under review, production saw a tangible expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Fresh Or Chilled Anchovies

Exports in CIS

In 2022, after three years of growth, there was significant decline in shipments abroad of fresh or chilled anchovieses, when their volume decreased by X% to X kg. Overall, exports saw a dramatic contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, fresh or chilled anchovies exports dropped dramatically to $X in 2022. Over the period under review, exports showed a dramatic decline. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Russia (X kg) represented the key exporter of fresh or chilled anchovieses in the CIS, achieving X% of total export.

Russia was also the fastest-growing in terms of the fresh or chilled anchovieses exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest fresh or chilled anchovies supplier in the CIS.

In Russia, fresh or chilled anchovies exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2023, the rate of growth in terms of prices for Russia amounted to X% per year.

Imports of Fresh Or Chilled Anchovies

Imports in CIS

In 2023, overseas purchases of fresh or chilled anchovieses decreased by X% to X kg, falling for the second year in a row after two years of growth. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, fresh or chilled anchovies imports soared to $X in 2023. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Moldova was the major importing country with an import of around X kg, which reached X% of total imports. It was distantly followed by Kazakhstan (X kg), creating a X% share of total imports. Armenia (X kg) followed a long way behind the leaders.

Moldova was also the fastest-growing in terms of the fresh or chilled anchovieses imports, with a CAGR of X% from 2012 to 2023. At the same time, Armenia (X%) displayed positive paces of growth. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. Moldova (X p.p.) and Armenia (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Moldova ($X) constitutes the largest market for imported fresh or chilled anchovieses in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports.

In Moldova, fresh or chilled anchovies imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Armenia (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, jumping by X% against the previous year. In general, the import price showed a notable expansion. The growth pace was the most rapid in 2019 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Armenia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform