CIS: Molluscs Market 2024

Molluscs Market Size in CIS

The CIS molluscs market amounted to $X in 2021, picking up by 11% against the previous year. In general, consumption, however, continues to indicate a mild reduction. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Molluscs Production in CIS

In value terms, molluscs production amounted to $X in 2021 estimated in export price. In general, production, however, saw a slight descent. The growth pace was the most rapid in 2014 with an increase of 11%. Over the period under review, production reached the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Molluscs Exports

Exports in CIS

In 2021, shipments abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) decreased by -29.4% to X tons, falling for the second year in a row after two years of growth. Total exports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. 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 pace of growth was the most pronounced in 2019 with an increase of 55%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, molluscs exports reduced markedly to $X in 2021. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 63%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Russia (X tons), together finishing at 100% of total export.

Russia was also the fastest-growing in terms of the molluscs (scallops, mussels, cuttle fish, squid and octopus) exports, with a CAGR of +1.9% from 2012 to 2021. Russia (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Russia, molluscs exports remained relatively stable over the period from 2012-2021.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, picking up by 9.6% against the previous year. In general, the export price, however, showed a slight setback. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 -1.7% per year.

Molluscs Imports

Imports in CIS

In 2021, supplies from abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) increased by 56% to X tons, rising for the third consecutive year after two years of decline. Overall, imports, however, recorded a perceptible decline. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, molluscs imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a slight descent. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, resulting at X tons, which was near 91% of total imports in 2021. It was distantly followed by Belarus (X tons), generating a 6.2% share of total imports. Kazakhstan (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to molluscs imports into Russia stood at -3.8%. At the same time, Belarus (+4.7%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +4.7% from 2012-2021. Kazakhstan experienced a relatively flat trend pattern. From 2012 to 2021, the share of Belarus increased by +3.2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported molluscs (scallops, mussels, cuttle fish, squid and octopus) in the CIS, comprising 90% of total imports. The second position in the ranking was taken by Belarus ($X), with a 5.6% share of total imports.

In Russia, molluscs imports decreased by an average annual rate of -1.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (-0.1% per year) and Kazakhstan (-1.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, reducing by -3.9% against the previous year. Import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, molluscs import price decreased by -22.5% against 2019 indices. The growth pace was the most rapid in 2018 when the import price increased by 23%. Over the period under review, import prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 Russia (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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