CIS: Smoked Salmon Market 2024

Smoked Salmon Market Size in CIS

The CIS smoked salmon market stood at $X in 2022, picking up by 1.8% against the previous year. In general, consumption showed a mild decline. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Smoked Salmon Production in CIS

In value terms, smoked salmon production rose slightly to $X in 2022 estimated in export price. Overall, production saw a mild curtailment. The growth pace was the most rapid in 2013 with an increase of 19%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Smoked Salmon Exports

Exports in CIS

In 2022, the amount of smoked pacific, atlantic and danube salmon exported in the CIS shrank sharply to X tons, with a decrease of -19.8% against the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 73%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, smoked salmon exports declined to $X in 2022. In general, exports, however, continue to indicate mild growth. The pace of growth appeared the most rapid in 2013 with an increase of 118%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Belarus (X tons) was the main exporter of smoked pacific, atlantic and danube salmon, generating 74% of total exports. It was distantly followed by Russia (X tons), making up a 26% share of total exports.

Belarus experienced a relatively flat trend pattern with regard to volume of exports of smoked pacific, atlantic and danube salmon. At the same time, Russia (+4.9%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +4.9% from 2012-2022. While the share of Russia (+8.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (-8.9 p.p.) displayed negative dynamics.

In value terms, Belarus ($X) remains the largest smoked salmon supplier in the CIS, comprising 82% of total exports. The second position in the ranking was taken by Russia ($X), with an 18% share of total exports.

In Belarus, smoked salmon exports expanded at an average annual rate of +1.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, growing by 9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 27% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+1.6%).

Smoked Salmon Imports

Imports in CIS

After two years of growth, supplies from abroad of smoked pacific, atlantic and danube salmon decreased by -8.4% to X tons in 2022. Overall, imports, however, showed strong growth. The pace of growth was the most pronounced in 2013 when imports increased by 119% against the previous year. The volume of import peaked at X tons in 2021, and then shrank in the following year.

In value terms, smoked salmon imports shrank to $X in 2022. Over the period under review, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when imports increased by 119%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted slightly in the following year.

Imports by Country

Russia represented the major importer of smoked pacific, atlantic and danube salmon in the CIS, with the volume of imports amounting to X tons, which was near 52% of total imports in 2022. Belarus (X tons) took the second position in the ranking, followed by Azerbaijan (X tons), Kazakhstan (X tons) and Uzbekistan (X tons). All these countries together held approx. 42% share of total imports. The following importers - Moldova (X tons) and Armenia (X tons) - each amounted to a 4% share of total imports.

Imports into Russia increased at an average annual rate of +16.2% from 2012 to 2022. At the same time, Uzbekistan (+74.4%), Belarus (+67.3%), Azerbaijan (+31.7%) and Armenia (+14.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +74.4% from 2012-2022. By contrast, Kazakhstan (-1.7%) and Moldova (-2.5%) illustrated a downward trend over the same period. While the share of Belarus (+19 p.p.), Azerbaijan (+9 p.p.) and Uzbekistan (+4.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Moldova (-10.1 p.p.) and Kazakhstan (-24.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported smoked pacific, atlantic and danube salmon in the CIS, comprising 46% of total imports. The second position in the ranking was taken by Azerbaijan ($X), with an 18% share of total imports. It was followed by Belarus, with a 14% share.

In Russia, smoked salmon imports expanded at an average annual rate of +13.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Azerbaijan (+54.9% per year) and Belarus (+57.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, rising by 4% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 24%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Armenia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+17.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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