CIS: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in CIS

The CIS frozen fish fillet market rose remarkably to $X in 2022, increasing by 5.8% against the previous year. Over the period under review, consumption showed a slight setback. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Frozen Fish Fillet Production in CIS

In value terms, frozen fish fillet production amounted to $X in 2022 estimated in export price. The total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.1% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 26%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Frozen Fish Fillet Exports

Exports in CIS

Frozen fish fillet exports shrank to X tons in 2022, with a decrease of -13% compared with the year before. Over the period under review, exports, however, posted resilient growth. The growth pace was the most rapid in 2018 with an increase of 59%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen fish fillet exports shrank to $X in 2022. Overall, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by 68% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia dominates exports structure, reaching X tons, which was near 84% of total exports in 2022. Tajikistan (X tons) took the second position in the ranking, followed by Kazakhstan (X tons). All these countries together held approx. 15% share of total exports.

Exports from Russia increased at an average annual rate of +10.8% from 2012 to 2022. At the same time, Tajikistan (+30.1%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +30.1% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. While the share of Russia (+6.2 p.p.) and Tajikistan (+6.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kazakhstan (-12.9 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest frozen fish fillet supplier in the CIS, comprising 80% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 9.9% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia totaled +12.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (-2.6% per year) and Tajikistan (+38.5% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, approximately equating the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 17% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+6.4%), while the other leaders experienced mixed trends in the export price figures.

Frozen Fish Fillet Imports

Imports in CIS

Frozen fish fillet imports contracted notably to X tons in 2022, waning by -38.6% against the year before. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, frozen fish fillet imports dropped markedly to $X in 2022. In general, imports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2021 when imports increased by 49% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Russia represented the major importer of frozen fish fillet in the CIS, with the volume of imports recording X tons, which was approx. 70% of total imports in 2022. It was distantly followed by Belarus (X tons), mixing up a 20% share of total imports. Kazakhstan (X tons) and Moldova (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to frozen fish fillet imports into Russia stood at -7.1%. Kazakhstan (-2.2%), Moldova (-4.2%) and Belarus (-7.6%) illustrated a downward trend over the same period. Kazakhstan (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while Belarus and Russia saw its share reduced by -2% and -2.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported frozen fish fillet in the CIS, comprising 81% of total imports. The second position in the ranking was held by Belarus ($X), with a 9.4% share of total imports. It was followed by Kazakhstan, with a 4.7% share.

From 2012 to 2022, the average annual growth rate of value in Russia stood at -1.9%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (-11.2% per year) and Kazakhstan (+2.8% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, jumping by 15% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish fillet import price increased by +36.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 22% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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