CIS: Market for Flours, Meals And Pellets Of Fish 2024

Market Size for Flours, Meals And Pellets Of Fish in CIS

The CIS fish meals and pellet market skyrocketed to $X in 2021, surging by 145% against the previous year. Over the period under review, consumption saw a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Flours, Meals And Pellets Of Fish in CIS

In value terms, fish meals and pellet production surged to $X in 2021 estimated in export price. In general, production saw buoyant growth. The pace of growth was the most pronounced in 2014 with an increase of 621% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish

Exports in CIS

In 2021, overseas shipments of flours, meals and pellets of fish decreased by -12.2% to X tons, falling for the second year in a row after four years of growth. In general, exports, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2016 when exports increased by 130%. Over the period under review, the exports reached the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, fish meals and pellet exports shrank to $X in 2021. Over the period under review, exports saw a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by 275%. 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

Belarus represented the largest exporting country with an export of about X tons, which reached 51% of total exports. Kazakhstan (X tons) ranks second in terms of the total exports with a 28% share, followed by Russia (20%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belarus (with a CAGR of +24.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Belarus ($X) remains the largest fish meals and pellet supplier in the CIS, comprising 56% of total exports. The second position in the ranking was taken by Russia ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Belarus totaled +32.8%. In the other countries, the average annual rates were as follows: Russia (-20.5% per year) and Kazakhstan (+31.4% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, growing by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2014 an increase of 65%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per ton), while Kazakhstan ($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 (+13.7%), while the other leaders experienced mixed trends in the export price figures.

Imports of Flours, Meals And Pellets Of Fish

Imports in CIS

In 2021, overseas purchases of flours, meals and pellets of fish increased by 17% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a resilient expansion. The pace of growth appeared the most rapid in 2020 with an increase of 262% against the previous year. Over the period under review, imports hit record highs at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, fish meals and pellet imports skyrocketed to $X in 2021. In general, imports showed a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 346% against the previous year. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

Russia was the main importer of flours, meals and pellets of fish in the CIS, with the volume of imports amounting to X tons, which was near 77% of total imports in 2021. It was distantly followed by Belarus (X tons) and Kyrgyzstan (X tons), together achieving a 19% share of total imports. Kazakhstan (X tons) took a relatively small share of total imports.

Imports into Russia increased at an average annual rate of +10.5% from 2012 to 2021. At the same time, Kyrgyzstan (+30.4%) and Kazakhstan (+10.3%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +30.4% from 2012-2021. By contrast, Belarus (-4.1%) illustrated a downward trend over the same period. Russia (+17 p.p.) and Kyrgyzstan (+5.5 p.p.) significantly strengthened its position in terms of the total imports, while Belarus saw its share reduced by -24.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported flours, meals and pellets of fish in the CIS, comprising 76% of total imports. The second position in the ranking was held by Belarus ($X), with a 20% share of total imports. It was followed by Kazakhstan, with a 2.7% share.

In Russia, fish meals and pellet imports increased at an average annual rate of +13.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (-0.2% per year) and Kazakhstan (+14.7% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, increasing by 6.5% against the previous year. In general, the import price recorded a modest expansion. The pace of growth was the most pronounced in 2018 when the import price increased by 66% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+4.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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