Eastern Europe: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Eastern Europe

The East European preserved anchovies market dropped modestly to $X in 2021, reducing by -2.4% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020, and then dropped in the following year.

Preserved Anchovies Production in Eastern Europe

In value terms, preserved anchovies production reduced slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 23%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Preserved Anchovies Exports

Exports in Eastern Europe

In 2021, approx. X tons of anchovies (prepared or preserved) were exported in Eastern Europe; rising by 21% compared with 2020 figures. Overall, exports saw buoyant growth. The growth pace was the most rapid in 2018 when exports increased by 69% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, preserved anchovies exports skyrocketed to $X in 2021. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 89% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Bulgaria (X tons) was the largest exporter of anchovies (prepared or preserved), generating 74% of total exports. Romania (X tons) took a 12% share (based on physical terms) of total exports, which put it in second place, followed by Ukraine (5%). The following exporters - Lithuania (X tons), Russia (X tons) and the Czech Republic (X tons) - together made up 7.6% of total exports.

Bulgaria was also the fastest-growing in terms of the anchovies (prepared or preserved) exports, with a CAGR of +157.2% from 2012 to 2021. At the same time, Romania (+49.0%) and Russia (+29.0%) displayed positive paces of growth. By contrast, Ukraine (-4.1%), Lithuania (-4.8%) and the Czech Republic (-12.9%) illustrated a downward trend over the same period. Bulgaria (+74 p.p.), Romania (+12 p.p.) and Russia (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Lithuania, Ukraine and the Czech Republic saw its share reduced by -6.8%, -10.8% and -14.1% from 2012 to 2021, respectively.

In value terms, Bulgaria ($X) remains the largest preserved anchovies supplier in Eastern Europe, comprising 55% of total exports. The second position in the ranking was taken by Romania ($X), with a 23% share of total exports. It was followed by Ukraine, with a 6.5% share.

In Bulgaria, preserved anchovies exports expanded at an average annual rate of +106.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Romania (+74.6% per year) and Ukraine (-2.3% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, with an increase of 9.5% against the previous year. Over the period under review, the export price showed a modest expansion. The pace of growth was the most pronounced in 2017 an increase of 61%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+17.2%), while the other leaders experienced more modest paces of growth.

Preserved Anchovies Imports

Imports in Eastern Europe

In 2021, the amount of anchovies (prepared or preserved) imported in Eastern Europe amounted to X tons, remaining relatively unchanged against the previous year. Over the period under review, imports saw a moderate expansion. The pace of growth was the most pronounced in 2013 when imports increased by 58% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, preserved anchovies imports surged to $X in 2021. Total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +49.1% against 2017 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 42% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ukraine represented the main importing country with an import of about X tons, which finished at 53% of total imports. Russia (X tons) held the second position in the ranking, followed by Romania (X tons), the Czech Republic (X tons) and Poland (X tons). All these countries together took near 39% share of total imports. The following importers - Slovakia (X tons) and Belarus (X tons) - each amounted to a 4% share of total imports.

Imports into Ukraine increased at an average annual rate of +9.4% from 2012 to 2021. At the same time, Belarus (+56.8%), Poland (+13.2%) and Romania (+5.6%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +56.8% from 2012-2021. Slovakia experienced a relatively flat trend pattern. By contrast, Russia (-1.9%) and the Czech Republic (-13.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ukraine, Poland, Romania and Belarus increased by +25, +3.5, +2.5 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), the Czech Republic ($X) and Romania ($X) appeared to be the countries with the highest levels of imports in 2021, together accounting for 59% of total imports. Ukraine, Poland, Slovakia and Belarus lagged somewhat behind, together comprising a further 33%.

Belarus, with a CAGR of +42.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, picking up by 15% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 47%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per ton), while Ukraine ($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 (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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