CIS: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in CIS

The CIS fresh fish fillet market contracted to $X in 2021, with a decrease of -8.8% against the previous year. The market value increased at an average annual rate of +3.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then fell in the following year.

Fresh Fish Fillet Production in CIS

In value terms, fresh fish fillet production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by 23%. Over the period under review, production attained the peak level at $X in 2020, and then fell in the following year.

Fresh Fish Fillet Exports

Exports in CIS

In 2021, the amount of fresh or chilled fish fillets exported in the CIS soared to X tons, with an increase of 24% compared with the previous year. Over the period under review, exports, however, continue to indicate a noticeable setback. The growth pace was the most rapid in 2014 when exports increased by 34% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, fresh fish fillet exports fell modestly to $X in 2021. In general, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2015 with an increase of 50%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The shipments of the two major exporters of fresh or chilled fish fillets, namely Kazakhstan and Russia, represented more than two-thirds of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kazakhstan (with a CAGR of +29.6%).

In value terms, Russia ($X) remains the largest fresh fish fillet supplier in the CIS, comprising 72% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 24% share of total exports.

In Russia, fresh fish fillet exports decreased by an average annual rate of -8.0% over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, falling by -22% against the previous year. Overall, the export price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2015 an increase of 44% against the previous year. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Kazakhstan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.1%).

Fresh Fish Fillet Imports

Imports in CIS

In 2021, imports of fresh or chilled fish fillets in the CIS declined remarkably to X tons, with a decrease of -53.8% on the previous year. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of 279% against the previous year. As a result, imports attained the peak of X tons, and then contracted remarkably in the following year.

In value terms, fresh fish fillet imports dropped sharply to $X in 2021. In general, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2020 with an increase of 375%. As a result, imports attained the peak of $X, and then reduced rapidly in the following year.

Imports by Country

Moldova represented the main importing country with an import of about X tons, which reached 53% of total imports. Russia (X tons) ranks second in terms of the total imports with a 33% share, followed by Kazakhstan (8.1%). Belarus (X tons) and Azerbaijan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Moldova (with a CAGR of +44.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Moldova ($X) constitutes the largest market for imported fresh or chilled fish fillets in the CIS, comprising 62% of total imports. The second position in the ranking was taken by Russia ($X), with a 26% share of total imports. It was followed by Kazakhstan, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value in Moldova totaled +45.9%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-16.9% per year) and Kazakhstan (+2.9% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, picking up by 5% against the previous year. Import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fresh fish fillet import price increased by +24.8% against 2017 indices. The growth pace was the most rapid in 2020 an increase of 25% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Moldova ($X per ton), while Belarus ($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 (+17.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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