Belarus: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Belarus

For the seventh consecutive year, the Belarusian market for fish fillets and other fish meat recorded growth in sales value, which increased by 33% to $X in 2022. Over the period under review, consumption enjoyed a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Fish Fillets and Other Fish Meat

Exports from Belarus

In 2022, overseas shipments of fish fillets and other fish meat increased by 17% to X tons, rising for the fifth year in a row after four years of decline. Overall, exports, however, saw a deep setback. The pace of growth appeared the most rapid in 2013 when exports increased by 593%. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fish fillets and other fish meat shrank slightly to $X in 2022. In general, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 379% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of fish fillets and other fish meat from Belarus, accounting for a 86% share of total exports. Moreover, exports of fish fillets and other fish meat to Russia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at -7.5%.

In value terms, Russia ($X) remains the key foreign market for fish fillets and other fish meat exports from Belarus, comprising 80% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia stood at -8.2%.

Export Prices by Country

The average export price for fish fillets and other fish meat stood at $X per ton in 2022, declining by -15.2% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 87% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.1%).

Imports of Fish Fillets and Other Fish Meat

Imports into Belarus

For the seventh consecutive year, Belarus recorded growth in purchases abroad of fish fillets and other fish meat, which increased by 15% to X tons in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +7.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +109.6% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 27% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of fish fillets and other fish meat surged to $X in 2022. Over the period under review, imports showed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Norway (X tons) constituted the largest fish fillets and other fish meat supplier to Belarus, accounting for a 45% share of total imports. Moreover, imports of fish fillets and other fish meat from Norway exceeded the figures recorded by the second-largest supplier, Iceland (X tons), threefold. Vietnam (X tons) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Norway stood at +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Iceland (+1.4% per year) and Vietnam (+8.1% per year).

In value terms, Norway ($X) constituted the largest supplier of fish fillets and other fish meat to Belarus, comprising 34% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 14% share of total imports. It was followed by India, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Norway stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+13.4% per year) and India (+14.1% per year).

Import Prices by Country

The average import price for fish fillets and other fish meat stood at $X per ton in 2022, rising by 20% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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