Belarus: Frozen Freshwater Fish Market 2025

Frozen Freshwater Fish Market Size in Belarus

In 2021, the Belarusian frozen freshwater fish market increased by 51% to $X, rising for the fourth year in a row after four years of decline. In general, consumption, however, continues to indicate a abrupt contraction. Frozen freshwater fish consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Frozen Freshwater Fish Production in Belarus

In value terms, frozen freshwater fish production contracted to $X in 2021 estimated in export price. Overall, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 95% against the previous year. Frozen freshwater fish production peaked at $X in 2020, and then reduced modestly in the following year.

Frozen Freshwater Fish Exports

Exports from Belarus

Frozen freshwater fish exports from Belarus surged to X tons in 2021, with an increase of 131% compared with the previous year. Over the period under review, exports showed pronounced growth. The most prominent rate of growth was recorded in 2016 with an increase of 494% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, frozen freshwater fish exports surged to $X in 2021. In general, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 505% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for frozen freshwater fish exports from Belarus, accounting for a 73% share of total exports. Moreover, frozen freshwater fish exports to Russia exceeded the volume sent to the second major destination, Canada (X tons), fivefold. Ukraine (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+1.0% per year) and Ukraine (+33.8% per year).

In value terms, Russia ($X) remains the key foreign market for frozen freshwater fish exports from Belarus, comprising 82% of total exports. The second position in the ranking was held by Canada ($X), with a 14% share of total exports. It was followed by the United States, with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+10.9% per year) and the United States (+113.8% per year).

Export Prices by Country

In 2021, the average frozen freshwater fish export price amounted to $X per ton, rising by 68% against the previous year. In general, the export price continues to indicate measured growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+9.8%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Freshwater Fish Imports

Imports into Belarus

In 2021, purchases abroad of frozen freshwater fish was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, showed a abrupt downturn. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, frozen freshwater fish imports soared to $X in 2021. In general, imports, however, continue to indicate a deep setback. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Russia (X tons), Iceland (X tons) and New Zealand (X tons) were the main suppliers of frozen freshwater fish imports to Belarus, together comprising 82% of total imports. These countries were followed by Vietnam, China, Finland, Canada and Norway, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +69.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Iceland ($X) and New Zealand ($X) appeared to be the largest frozen freshwater fish suppliers to Belarus, together comprising 83% of total imports. Vietnam, China, Canada, Finland and Norway lagged somewhat behind, together comprising a further 10%.

Vietnam, with a CAGR of +72.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average frozen freshwater fish import price amounted to $X per ton, picking up by 8.3% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen freshwater fish import price increased by +65.1% against 2016 indices. The pace of growth appeared the most rapid in 2017 an increase of 24%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Iceland ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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