Eastern Europe: Caviar (Sturgeon) Market 2024

Caviar (Sturgeon) Market Size in Eastern Europe

The East European caviar (sturgeon) market soared to $X in 2021, rising by 15% against the previous year. In general, consumption continues to indicate buoyant growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Caviar (Sturgeon) Production in Eastern Europe

In value terms, caviar (sturgeon) production skyrocketed to $X in 2021 estimated in export price. In general, production posted strong growth. The growth pace was the most rapid in 2014 with an increase of 148%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Caviar (Sturgeon) Exports

Exports in Eastern Europe

In 2021, overseas shipments of caviar (sturgeon) were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 170%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, caviar (sturgeon) exports surged to $X in 2021. In general, exports posted resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Lithuania (X tons), Poland (X tons) and Latvia (X tons) represented the largest exporter of caviar (sturgeon) in Eastern Europe, committing 79% of total export. It was distantly followed by the Czech Republic (X tons) and Bulgaria (X tons), together making up a 15% share of total exports. Russia (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Czech Republic (with a CAGR of +118.3%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest caviar (sturgeon) supplier in Eastern Europe, comprising 52% of total exports. The second position in the ranking was held by Latvia ($X), with a 16% share of total exports. It was followed by Bulgaria, with a 9% share.

In Poland, caviar (sturgeon) exports increased at an average annual rate of +90.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Latvia (+14.7% per year) and Bulgaria (+33.9% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, picking up by 30% against the previous year. Overall, the export price, however, showed a pronounced descent. The growth pace was the most rapid in 2017 when the export price increased by 39% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Poland ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+23.2%), while the other leaders experienced mixed trends in the export price figures.

Caviar (Sturgeon) Imports

Imports in Eastern Europe

In 2021, approx. X tons of caviar (sturgeon) were imported in Eastern Europe; falling by -2% compared with the previous year. Overall, imports, however, continue to indicate prominent growth. The pace of growth was the most pronounced in 2013 when imports increased by 57% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, caviar (sturgeon) imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 43%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, Latvia (X tons), Lithuania (X tons) and Bulgaria (X tons) represented the largest importer of caviar (sturgeon) in Eastern Europe, generating 71% of total import. Russia (X tons) took a 9.1% share (based on physical terms) of total imports, which put it in second place, followed by Poland (5.3%), Ukraine (5%) and the Czech Republic (4.7%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ukraine (with a CAGR of +80.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest caviar (sturgeon) importing markets in Eastern Europe were Russia ($X), Latvia ($X) and Ukraine ($X), with a combined 61% share of total imports.

In terms of the main importing countries, Ukraine, with a CAGR of +43.5%, 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 Eastern Europe stood at $X per ton in 2021, growing by 31% against the previous year. Import price indicated a mild expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, caviar (sturgeon) import price increased by +29.5% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by 46% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Ukraine ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+15.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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