Central Asia: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in Central Asia

After nine years of growth, the Central Asian fresh fish fillet market decreased by -7.5% to $X in 2021. The total consumption indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +80.2% against 2012 indices. Over the period under review, the market reached the maximum level at $X in 2020, and then contracted in the following year.

Fresh Fish Fillet Production in Central Asia

In value terms, fresh fish fillet production shrank to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +77.2% against 2012 indices. The growth pace was the most rapid in 2019 with an increase of 23% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Fresh Fish Fillet Exports

Exports in Central Asia

Fresh fish fillet exports soared to X tons in 2021, growing by 99% against the year before. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 184% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, fresh fish fillet exports dropped to $X in 2021. In general, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 187% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) represented roughly 99% of total exports in 2021.

Kazakhstan was also the fastest-growing in terms of the fresh or chilled fish fillets exports, with a CAGR of +29.6% from 2012 to 2021. While the share of Kazakhstan (+7.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest fresh fish fillet supplier in Central Asia.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan totaled +8.5%.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2021, waning by -53.3% against the previous year. Over the period under review, the export price recorded a abrupt setback. The pace of growth was the most pronounced in 2015 when the export price increased by 0.9% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Kazakhstan amounted to -16.2% per year.

Fresh Fish Fillet Imports

Imports in Central Asia

After two years of decline, overseas purchases of fresh or chilled fish fillets increased by 3.5% to X tons in 2021. In general, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 141% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, fresh fish fillet imports soared to $X in 2021. Overall, imports recorded a noticeable expansion. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Kazakhstan prevails in imports structure, finishing at X tons, which was near 91% of total imports in 2021. It was distantly followed by Mongolia (X tons), constituting a 5% share of total imports. The following importers - Kyrgyzstan (X tons) and Uzbekistan (X tons) - each finished at a 4% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to fresh fish fillet imports into Kazakhstan stood at -6.9%. At the same time, Uzbekistan (+105.5%), Mongolia (+44.0%) and Kyrgyzstan (+11.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of +105.5% from 2012-2021. While the share of Mongolia (+4.9 p.p.), Kyrgyzstan (+1.8 p.p.) and Uzbekistan (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kazakhstan (-8.5 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) constitutes the largest market for imported fresh or chilled fish fillets in Central Asia, comprising 92% of total imports. The second position in the ranking was taken by Mongolia ($X), with a 3.4% share of total imports. It was followed by Uzbekistan, with a 2.8% share.

In Kazakhstan, fresh fish fillet imports expanded at an average annual rate of +2.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Mongolia (+35.9% per year) and Uzbekistan (+9.5% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2021, rising by 107% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Mongolia ($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 (+10.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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