CIS: Preserved Salmon Market 2024

Preserved Salmon Market Size in CIS

In 2021, after five years of decline, there was significant growth in the CIS preserved salmon market, when its value increased by 15% to $X. Over the period under review, consumption, however, saw a noticeable contraction. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Preserved Salmon Production in CIS

In value terms, preserved salmon production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a perceptible shrinkage. The level of production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Preserved Salmon Exports

Exports in CIS

In 2021, shipments abroad of salmon (prepared or preserved) increased by 98% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports continue to indicate a measured increase. The most prominent rate of growth was recorded in 2016 when exports increased by 216%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, preserved salmon exports surged to $X in 2021. Overall, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of 134%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

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

Russia was also the fastest-growing in terms of the salmon (prepared or preserved) exports, with a CAGR of +3.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual growth rate of value in Russia amounted to -5.7%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, reducing by -40.5% against the previous year. In general, the export price showed a deep contraction. The pace of growth appeared the most rapid in 2018 an increase of 54% 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.

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 -9.3% per year.

Preserved Salmon Imports

Imports in CIS

In 2021, approx. X tons of salmon (prepared or preserved) were imported in the CIS; picking up by 83% compared with the previous year. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 967% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved salmon imports soared to $X in 2021. Over the period under review, imports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 930% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Kazakhstan represented the key importing country with an import of about X tons, which finished at 49% of total imports. Belarus (X tons) ranks second in terms of the total imports with a 23% share, followed by Moldova (15%) and Russia (6%). The following importers - Tajikistan (X tons) and Uzbekistan (X tons) - each resulted at a 4.6% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to preserved salmon imports into Kazakhstan stood at +36.6%. At the same time, Uzbekistan (+50.4%), Moldova (+46.1%), Belarus (+24.6%) and Tajikistan (+10.0%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +50.4% from 2012-2021. By contrast, Russia (-4.6%) illustrated a downward trend over the same period. While the share of Kazakhstan (+31 p.p.), Moldova (+12 p.p.), Belarus (+4 p.p.) and Uzbekistan (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Tajikistan (-3.8 p.p.) and Russia (-48.1 p.p.) displayed negative dynamics.

In value terms, the largest preserved salmon importing markets in the CIS were Kazakhstan ($X), Moldova ($X) and Belarus ($X), together accounting for 76% of total imports.

Among the main importing countries, Moldova, with a CAGR of +43.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, declining by -10% against the previous year. Over the period under review, the import price continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the import price increased by 57% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per ton), while Tajikistan ($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 (+4.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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