Belarus: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Belarus

After four years of growth, the Belarusian dried or smoked fish market decreased by -30.1% to $X in 2021. In general, consumption recorded a slight decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Dried Or Smoked Fish in Belarus

In value terms, dried or smoked fish production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +66.1% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 80% against the previous year. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Dried Or Smoked Fish

Exports from Belarus

In 2021, exports of dried or smoked fish from Belarus surged to X tons, picking up by 30% on the previous year's figure. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 116%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, dried or smoked fish exports soared to $X in 2021. Over the period under review, exports saw buoyant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 159% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

Russia (X tons) was the main destination for dried or smoked fish exports from Belarus, with a 82% share of total exports. Moreover, dried or smoked fish exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +24.0%.

In value terms, Russia ($X) remains the key foreign market for dried or smoked fish exports from Belarus, comprising 94% of total exports. The second position in the ranking was held by Ukraine ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia stood at +20.3%.

Export Prices by Country

In 2021, the average dried or smoked fish export price amounted to $X per ton, reducing by -4.9% against the previous year. Overall, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2013 an increase of 33% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Ukraine amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-3.0%).

Imports of Dried Or Smoked Fish

Imports into Belarus

In 2021, dried or smoked fish imports into Belarus reduced notably to X tons, shrinking by -22.5% compared with the previous year. In general, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -38.0% against 2018 indices. The pace of growth appeared the most rapid in 2013 with an increase of 82%. Over the period under review, imports reached the peak figure at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, dried or smoked fish imports fell significantly to $X in 2021. Over the period under review, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 70%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of dried or smoked fish to Belarus, accounting for a 85% share of total imports. Moreover, dried or smoked fish imports from Russia exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), more than tenfold. The third position in this ranking was held by China (X tons), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+6.4% per year) and China (-13.1% per year).

In value terms, Russia ($X), Indonesia ($X) and China ($X) constituted the largest dried or smoked fish suppliers to Belarus, together accounting for 93% of total imports. The Netherlands, Vietnam and Kazakhstan lagged somewhat behind, together accounting for a further 6.7%.

Among the main suppliers, Kazakhstan, with a CAGR of +513.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average dried or smoked fish import price stood at $X per ton in 2021, with a decrease of -5.6% against the previous year. Overall, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Indonesia ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+60.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :