Belarus: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Belarus

In 2022, after five years of growth, there was significant decline in the Belarusian market for frozen, dried and smoked fish, when its value decreased by X% to $X. In general, consumption saw a relatively flat trend pattern. Frozen, dried and smoked fish consumption peaked at $X in 2021, and then declined significantly in the following year.

Production of Frozen, Dried And Smoked Fish in Belarus

In value terms, frozen, dried and smoked fish production stood at $X in 2022 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports from Belarus

In 2022, exports of frozen, dried and smoked fish from Belarus soared to X tons, with an increase of X% compared with 2021. In general, exports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen, dried and smoked fish exports surged to $X in 2022. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons), the United Arab Emirates (X tons) and Ukraine (X tons) were the main destinations of frozen, dried and smoked fish exports from Belarus, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Ukraine (X% per year).

Export Prices by Country

The average export price for frozen, dried and smoked fish stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price saw a perceptible contraction. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced a decline.

Imports of Frozen, Dried And Smoked Fish

Imports into Belarus

After two years of growth, purchases abroad of frozen, dried and smoked fish decreased by X% to X tons in 2022. Over the period under review, imports recorded a mild curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell significantly in the following year.

In value terms, frozen, dried and smoked fish imports fell remarkably to $X in 2022. Overall, imports showed a pronounced downturn. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of frozen, dried and smoked fish to Belarus, with a X% share of total imports. Moreover, frozen, dried and smoked fish imports from Russia exceeded the figures recorded by the second-largest supplier, Norway (X tons), threefold. The third position in this ranking was held by Iceland (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Iceland (X% per year).

In value terms, the largest frozen, dried and smoked fish suppliers to Belarus were Russia ($X), Norway ($X) and Iceland ($X), with a combined X% share of total imports. Faroe Islands, Canada, Finland, Estonia and Latvia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Finland, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for frozen, dried and smoked fish amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :