Report Update Nov 1, 2024

Azerbaijan - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights

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Azerbaijan: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in Azerbaijan

The Azerbaijani frozen fish fillet market surged to $X in 2022, picking up by 162% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a significant expansion. Frozen fish fillet consumption peaked in 2022 and is likely to see steady growth in the near future.

Frozen Fish Fillet Exports

Exports from Azerbaijan

In 2022, overseas shipments of frozen fish fillet were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 460%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, frozen fish fillet exports surged to $X in 2022. Overall, exports recorded a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by 591% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X tons) was the main destination for frozen fish fillet exports from Azerbaijan, accounting for a approx. 100% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of volume to Poland totaled +37.9%.

In value terms, Poland ($X) emerged as the key foreign market for frozen fish fillet exports from Azerbaijan.

From 2015 to 2022, the average annual growth rate of value to Poland totaled +46.8%.

Export Prices by Country

The average frozen fish fillet export price stood at $X per ton in 2022, surging by 20% against the previous year. In general, the export price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 23% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.

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

From 2015 to 2022, the rate of growth in terms of prices for Poland amounted to +6.5% per year.

Frozen Fish Fillet Imports

Imports into Azerbaijan

In 2022, supplies from abroad of frozen fish fillet increased by 125% to X tons for the first time since 2016, thus ending a five-year declining trend. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 4,807% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, frozen fish fillet imports surged to $X in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2013 when imports increased by 2,586%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Ukraine (X tons) and Vietnam (X tons) were the main suppliers of frozen fish fillet imports to Azerbaijan, with a combined 72% share of total imports. Norway, Indonesia, Estonia, Denmark and Iceland lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +90.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) constituted the largest supplier of frozen fish fillet to Azerbaijan, comprising 57% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Vietnam, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine totaled +84.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+69.3% per year) and Vietnam (+26.6% per year).

Import Prices by Country

The average frozen fish fillet import price stood at $X per ton in 2022, with an increase of 19% against the previous year. Over the period under review, the import price saw a strong expansion. The pace of growth appeared the most rapid in 2021 when the average import price increased by 74% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+28.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen fish fillet in the world?

The countries with the highest volumes of in 2021 were the United States, Vietnam and Germany, with a combined 43% share of global consumption. These countries were followed by China, the UK, Japan, France, Poland, Spain, Italy, Mexico, Russia and Greenland, which together accounted for a further 34%.

What are the largest producers of frozen fish fillet in the world?

The countries with the highest volumes of in 2021 were Vietnam, China and the United States, together comprising 53% of global production. Germany, Norway, the UK, Chile, Russia, Greenland, Argentina, Iceland, Namibia and France lagged somewhat behind, together accounting for a further 31%.

What are the leading suppliers of frozen fish fillet to Azerbaijan?

In value terms, Ukraine constituted the largest supplier of frozen fish fillet to Azerbaijan, comprising 52% of total imports. The second position in the ranking was occupied by China, with an 18% share of total imports. It was followed by Chile, with a 13% share.

What is the average export price for frozen fish fillet in Azerbaijan?

In 2021, the average frozen fish fillet export price amounted to $3,467 per ton, approximately mirroring the previous year.

What is the average import price for frozen fish fillet in Azerbaijan?

In 2021, the average frozen fish fillet import price amounted to $5,255 per ton, picking up by 30% against the previous year.

This report provides an in-depth analysis of the frozen fish fillet market in Azerbaijan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10201400 - Frozen fish fillets

Country coverage:

Azerbaijan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Azerbaijan
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023