CIS: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in CIS

In 2021, the CIS preserved anchovies market increased by 4.1% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a mild slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Preserved Anchovies Production in CIS

In value terms, preserved anchovies production expanded significantly to $X in 2021 estimated in export price. In general, production continues to indicate a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of 23%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Preserved Anchovies Exports

Exports in CIS

In 2021, shipments abroad of anchovies (prepared or preserved) increased by 68% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 349%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved anchovies exports surged to $X in 2021. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 283% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of anchovies (prepared or preserved), namely Russia, represented more than two-thirds of total export.

Russia was also the fastest-growing in terms of the anchovies (prepared or preserved) exports, with a CAGR of +29.0% from 2012 to 2021. While the share of Russia (+29 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest preserved anchovies supplier in the CIS.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +24.1%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, shrinking by -12.7% against the previous year. Overall, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 when the export price increased by 32% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to -3.9% per year.

Preserved Anchovies Imports

Imports in CIS

In 2021, purchases abroad of anchovies (prepared or preserved) increased by 42% to X tons, rising for the second consecutive year after three years of decline. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 137%. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, preserved anchovies imports skyrocketed to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 98% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, reaching X tons, which was near 80% of total imports in 2021. Belarus (X tons) held the second position in the ranking, followed by Kazakhstan (X tons). All these countries together took approx. 15% share of total imports. The following importers - Moldova (X tons) and Azerbaijan (X tons) - each amounted to a 4.1% share of total imports.

Imports into Russia decreased at an average annual rate of -1.9% from 2012 to 2021. At the same time, Belarus (+56.8%), Azerbaijan (+25.2%), Kazakhstan (+17.7%) and Moldova (+7.6%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +56.8% from 2012-2021. While the share of Belarus (+9.4 p.p.), Kazakhstan (+4.3 p.p.) and Azerbaijan (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-16.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported anchovies (prepared or preserved) in the CIS, comprising 78% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 8.9% share of total imports. It was followed by Belarus, with a 7.7% share.

In Russia, preserved anchovies imports increased at an average annual rate of +5.0% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+25.1% per year) and Belarus (+42.4% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, with an increase of 6.9% against the previous year. Overall, the import price saw a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 95%. The level of import peaked in 2021 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+20.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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