Eastern Europe: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Eastern Europe

In 2021, the East European dried or salted fish market was finally on the rise to reach $X for the first time since 2014, thus ending a six-year declining trend. Over the period under review, consumption, however, recorded a pronounced downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Dried Or Salted Fish in Eastern Europe

In value terms, dried or salted fish production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a pronounced descent. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Dried Or Salted Fish

Exports in Eastern Europe

In 2021, the amount of dried or salted fish exported in Eastern Europe surged to X tons, picking up by 38% on 2020. In general, exports, however, recorded a mild slump. The pace of growth appeared the most rapid in 2015 when exports increased by 84%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, dried or salted fish exports surged to $X in 2021. Overall, exports, however, saw a abrupt slump. The most prominent rate of growth was recorded in 2015 with an increase of 113% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus (X tons) and Russia (X tons) prevails in exports structure, together making up 76% of total exports. Poland (X tons) held the next position in the ranking, followed by Latvia (X tons) and Lithuania (X tons). All these countries together held near 16% share of total exports. The following exporters - Estonia (X tons) and Ukraine (X tons) - together made up 5.8% of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +48.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest dried or salted fish supplier in Eastern Europe, comprising 55% of total exports. The second position in the ranking was held by Belarus ($X), with a 14% share of total exports. It was followed by Lithuania, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Russia totaled -12.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+21.8% per year) and Lithuania (+2.3% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, dropping by -5.9% against the previous year. Over the period under review, the export price showed a abrupt curtailment. The pace of growth was the most pronounced in 2018 when the export price increased by 19%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+21.8%), while the other leaders experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports in Eastern Europe

Dried or salted fish imports surged to X tons in 2021, with an increase of 16% on the previous year. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 30%. The volume of import peaked in 2021 and is likely to continue growth in the near future.

In value terms, dried or salted fish imports amounted to $X in 2021. In general, imports, however, saw a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Ukraine (X tons) and Russia (X tons) dominates imports structure, together comprising 81% of total imports. It was distantly followed by Lithuania (X tons), committing a 5.7% share of total imports. Belarus (X tons), the Czech Republic (X tons) and Romania (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +30.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported dried or salted fish in Eastern Europe, comprising 52% of total imports. The second position in the ranking was held by Ukraine ($X), with a 21% share of total imports. It was followed by Lithuania, with a 6.6% share.

In Russia, dried or salted fish imports contracted by an average annual rate of -3.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Ukraine (+27.4% per year) and Lithuania (+4.4% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, declining by -5.6% against the previous year. In general, the import price showed a perceptible contraction. The pace of growth appeared the most rapid in 2019 when the import price increased by 11% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+19.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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