CIS: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in CIS

In 2021, the CIS dried or smoked fish market increased by 4.2% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Dried Or Smoked Fish in CIS

In value terms, dried or smoked fish production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when the production volume increased by 33% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Dried Or Smoked Fish

Exports in CIS

In 2021, exports of dried or smoked fish in the CIS soared to X tons, growing by 29% compared with the previous year. Total exports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -24.6% against 2017 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 46% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, dried or smoked fish exports surged to $X in 2021. Total exports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -34.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 70%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Belarus (X tons) represented the largest exporter of dried or smoked fish, generating 75% of total exports. It was distantly followed by Russia (X tons), achieving a 20% share of total exports. Kazakhstan (X tons) took a little share of total exports.

Belarus was also the fastest-growing in terms of the dried or smoked fish exports, with a CAGR of +25.0% from 2012 to 2021. At the same time, Kazakhstan (+16.3%) displayed positive paces of growth. By contrast, Russia (-9.6%) illustrated a downward trend over the same period. While the share of Belarus (+59 p.p.) and Kazakhstan (+2.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Russia (-61.5 p.p.) displayed negative dynamics.

In value terms, Belarus ($X) remains the largest dried or smoked fish supplier in the CIS, comprising 79% of total exports. The second position in the ranking was taken by Russia ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Belarus amounted to +18.9%. In the other countries, the average annual rates were as follows: Russia (-13.1% per year) and Kazakhstan (+12.9% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, waning by -4.1% against the previous year. In general, the export price recorded a noticeable downturn. The pace of growth was the most pronounced in 2013 when the export price increased by 17% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Belarus ($X per ton), while Russia ($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 (-2.9%), while the other leaders experienced a decline in the export price figures.

Imports of Dried Or Smoked Fish

Imports in CIS

In 2021, imports of dried or smoked fish in the CIS expanded markedly to X tons, growing by 5.8% against the year before. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -0.9% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 44%. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, dried or smoked fish imports expanded notably to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of 46% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, resulting at X tons, which was near 90% of total imports in 2021. It was distantly followed by Belarus (X tons), constituting a 5.8% share of total imports. Kazakhstan (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the dried or smoked fish imports, with a CAGR of +8.2% from 2012 to 2021. At the same time, Kazakhstan (+5.7%) and Belarus (+3.8%) displayed positive paces of growth. While the share of Russia (+3.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Belarus (-2.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported dried or smoked fish in the CIS, comprising 89% of total imports. The second position in the ranking was taken by Belarus ($X), with a 5.7% share of total imports.

In Russia, dried or smoked fish imports increased at an average annual rate of +11.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (-2.7% per year) and Kazakhstan (+4.2% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, increasing by 4.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The pace of growth was the most pronounced in 2013 an increase of 27% against the previous year. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, 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 Russia (+3.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :