CIS: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in CIS

After two years of decline, the CIS frozen fish fillet market increased by X% to $X in 2023. The total consumption indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2023, consumption failed to regain momentum.

Frozen Fish Fillet Production in CIS

In value terms, frozen fish fillet production shrank modestly to $X in 2023 estimated in export price. The total production indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Frozen Fish Fillet Exports

Exports in CIS

In 2023, shipments abroad of frozen fish fillet decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total exports indicated a prominent increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2022, and then shrank in the following year.

In value terms, frozen fish fillet exports declined notably to $X in 2023. Total exports indicated pronounced growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

Russia prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Kazakhstan (X tons), mixing up a X% share of total exports.

Russia was also the fastest-growing in terms of the frozen fish fillet exports, with a CAGR of X% from 2012 to 2023. Kazakhstan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Russia increased by X percentage points.

In value terms, Russia ($X) remains the largest frozen fish fillet supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia amounted to X%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%).

Frozen Fish Fillet Imports

Imports in CIS

In 2023, frozen fish fillet imports in the CIS totaled X tons, surging by X% on 2022. In general, imports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, frozen fish fillet imports totaled $X in 2023. Overall, imports, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2018 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Russia was the largest importing country with an import of around X tons, which reached X% of total imports. Belarus (X tons) took the second position in the ranking, followed by Moldova (X tons) and Kazakhstan (X tons). All these countries together held near X% share of total imports. Uzbekistan (X tons) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (X%), Kazakhstan (X%) and Moldova (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Belarus (X%) illustrated a downward trend over the same period. Russia (X p.p.), Moldova (X p.p.), Kazakhstan (X p.p.) and Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Belarus saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Russia ($X) constitutes the largest market for imported frozen fish fillet in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Moldova, with a X% share.

In Russia, frozen fish fillet imports decreased by 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: Belarus (X% per year) and Moldova (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, reducing by X% against the previous year. Import price indicated mild growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, frozen fish fillet import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform