CIS: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in CIS

After three years of growth, the CIS market for smoked fish other than salmon and herring decreased by -0.9% to $X in 2021. The market value increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Production of Smoked Fish Other than Salmon and Herring in CIS

In value terms, production of smoked fish other than salmon and herring shrank to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 when the production volume increased by 29%. The level of production peaked at $X in 2020, and then contracted in the following year.

Exports of Smoked Fish Other than Salmon and Herring

Exports in CIS

After two years of decline, overseas shipments of smoked fish other than salmon and herring increased by 73% to X tons in 2021. Overall, exports posted resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 103% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, exports of smoked fish other than salmon and herring surged to $X in 2021. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 152% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belarus represented the main exporting country with an export of about X tons, which resulted at 74% of total exports. It was distantly followed by Russia (X tons), making up a 22% share of total exports. Armenia (X tons) followed a long way behind the leaders.

Exports from Belarus increased at an average annual rate of +8.5% from 2012 to 2021. At the same time, Armenia (+134.3%) and Russia (+19.8%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +134.3% from 2012-2021. Russia (+12 p.p.) and Armenia (+2.8 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -7% from 2012 to 2021, respectively.

In value terms, Belarus ($X) remains the largest smoked fish other than salmon and herring supplier in the CIS, comprising 86% of total exports. The second position in the ranking was taken by Russia ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Belarus stood at +12.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (+17.9% per year) and Armenia (+103.4% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, rising by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2019 when the export price increased by 25%. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Belarus ($X per ton), while Armenia ($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 (+3.5%), while the other leaders experienced a decline in the export price figures.

Imports of Smoked Fish Other than Salmon and Herring

Imports in CIS

In 2021, approx. X tons of smoked fish other than salmon and herring were imported in the CIS; picking up by 102% compared with the previous year's figure. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 128%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, imports of smoked fish other than salmon and herring skyrocketed to $X in 2021. Overall, imports saw a resilient increase. The growth pace was the most rapid in 2013 when imports increased by 166% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Russia dominates herring structure, reaching X tons, which was near 87% of total imports in 2021. It was distantly followed by Belarus (X tons), comprising a 7.1% 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 smoked fish other than salmon and herring imports into Russia stood at +36.5%. At the same time, Belarus (+43.8%) and Kazakhstan (+1.8%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +43.8% from 2012-2021. Russia (+33 p.p.) and Belarus (+4.4 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan saw its share reduced by -30.9% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported smoked fish other than salmon and herring in the CIS, comprising 80% of total imports. The second position in the ranking was held by Belarus ($X), with an 8.5% share of total imports.

In Russia, imports of smoked fish other than salmon and herring expanded at an average annual rate of +22.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (+34.5% per year) and Kazakhstan (-0.3% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, which is down by -14% against the previous year. In general, the import price recorded a deep slump. The pace of growth appeared the most rapid in 2016 an increase of 21% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while Russia ($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 (-2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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