Eastern Europe: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Eastern Europe

The East European dried or smoked fish market declined modestly to $X in 2021, remaining constant against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Dried Or Smoked Fish in Eastern Europe

In value terms, dried or smoked fish production fell significantly to $X in 2021 estimated in export price. Overall, production saw a perceptible descent. The most prominent rate of growth was recorded in 2013 with an increase of 27%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Dried Or Smoked Fish

Exports in Eastern Europe

In 2021, approx. X tons of dried or smoked fish were exported in Eastern Europe; with an increase of 12% compared with the previous year's figure. The total export volume increased at an average annual rate of +5.0% 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 2013 when exports increased by 19% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, dried or smoked fish exports rose significantly to $X in 2021. Total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 37%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

Exports by Country

In 2021, Poland (X tons) represented the key exporter of dried or smoked fish, generating 59% of total exports. Belarus (X tons) ranks second in terms of the total exports with a 16% share, followed by Lithuania (15%). Russia (X tons) and Latvia (X tons) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to dried or smoked fish exports from Poland stood at +6.0%. At the same time, Belarus (+25.0%) and Lithuania (+4.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +25.0% from 2012-2021. By contrast, Latvia (-2.9%) and Russia (-9.6%) illustrated a downward trend over the same period. While the share of Belarus (+12 p.p.) and Poland (+5.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Latvia (-3 p.p.) and Russia (-11.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest dried or smoked fish supplier in Eastern Europe, comprising 69% of total exports. The second position in the ranking was taken by Lithuania ($X), with an 18% share of total exports. It was followed by Belarus, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value in Poland totaled +7.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Lithuania (+8.6% per year) and Belarus (+18.9% per year).

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per ton, shrinking by -3.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 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 Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lithuania (+4.3%), while the other leaders experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports in Eastern Europe

Dried or smoked fish imports expanded remarkably to X tons in 2021, increasing by 8.7% on the previous year. The total import volume increased at an average annual rate of +4.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 29%. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, dried or smoked fish imports totaled $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 +28.4% against 2014 indices. The pace of growth appeared the most rapid in 2017 with an increase of 25% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

Russia was the key importing country with an import of around X tons, which amounted to 52% of total imports. Ukraine (X tons) took the second position in the ranking, distantly followed by Romania (X tons). All these countries together held near 21% share of total imports. The Czech Republic (X tons), Lithuania (X tons), Poland (X tons), Latvia (X tons), Belarus (X tons), Slovakia (X tons) and Estonia (X tons) took a minor share of total imports.

Imports into Russia increased at an average annual rate of +8.2% from 2012 to 2021. At the same time, Ukraine (+22.1%), Slovakia (+6.3%), Romania (+5.2%), Poland (+4.6%), Belarus (+3.8%) and Lithuania (+2.7%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +22.1% from 2012-2021. By contrast, Latvia (-1.4%), Estonia (-5.9%) and the Czech Republic (-14.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia and Ukraine increased by +15 and +12 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported dried or smoked fish in Eastern Europe, comprising 56% of total imports. The second position in the ranking was held by Poland ($X), with an 8% share of total imports. It was followed by the Czech Republic, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to +11.8%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+7.4% per year) and the Czech Republic (+11.6% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, increasing by 4.9% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2013 an increase of 31%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+30.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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