Azerbaijan: Market for Fish Fillets and Other Fish Meat 2025

Market Size for Fish Fillets and Other Fish Meat in Azerbaijan

In 2022, the Azerbaijani market for fish fillets and other fish meat increased by 180% to $X, rising for the second year in a row after three years of decline. Overall, consumption enjoyed a significant expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to see gradual growth in years to come.

Exports of Fish Fillets and Other Fish Meat

Exports from Azerbaijan

Exports of fish fillets and other fish meat from Azerbaijan declined sharply to X tons in 2022, with a decrease of -77.7% on 2021 figures. In general, exports, however, posted a significant increase. The exports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, exports of fish fillets and other fish meat fell remarkably to $X in 2022. Over the period under review, exports, however, showed significant growth. The exports peaked at $X in 2021, and then fell sharply in the following year.

Exports by Country

Poland (X tons) was the main destination for exports of fish fillets and other fish meat from Azerbaijan, with a approx. 100% share of total exports.

From 2017 to 2022, the average annual rate of growth in terms of volume to Poland stood at +231.7%.

In value terms, Poland ($X) emerged as the key foreign market for fish fillets and other fish meat exports from Azerbaijan.

From 2017 to 2022, the average annual rate of growth in terms of value to Poland stood at +135.0%.

Export Prices by Country

The average export price for fish fillets and other fish meat stood at $X per ton in 2022, with an increase of 124% against the previous year. In general, the export price, however, recorded a significant curtailment. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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

From 2017 to 2022, the rate of growth in terms of prices for Poland amounted to -29.1% per year.

Imports of Fish Fillets and Other Fish Meat

Imports into Azerbaijan

In 2022, purchases abroad of fish fillets and other fish meat was finally on the rise to reach X tons after six years of decline. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2013 when imports increased by 1,686%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of fish fillets and other fish meat soared to $X in 2022. In general, imports saw a significant expansion. The growth pace was the most rapid in 2013 with an increase of 1,510% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X tons), Ukraine (X tons) and the United Arab Emirates (X tons) were the main suppliers of imports of fish fillets and other fish meat to Azerbaijan, together comprising 52% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +114.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) constituted the largest supplier of fish fillets and other fish meat to Azerbaijan, comprising 49% of total imports. The second position in the ranking was held by China ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine stood at +99.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+66.9% per year) and the United Arab Emirates (+131.4% per year).

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the import price, however, continues to indicate strong growth. The growth pace was the most rapid in 2018 when the average import price increased by 64%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Faroe Islands (+51.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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