Eastern Europe: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2025

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Eastern Europe

The East European seafood meals and pellets market contracted to $X in 2021, reducing by -5.3% against the previous year. Over the period under review, consumption showed a pronounced slump. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in Eastern Europe

In value terms, seafood meals and pellets production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 with an increase of 14% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports in Eastern Europe

In 2021, the amount of flours, meals and pellets of fish or of crustaceans and molluscs exported in Eastern Europe expanded markedly to X tons, surging by 13% against 2020. Total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +70.3% against 2017 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 26%. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, seafood meals and pellets exports surged to $X in 2021. Over the period under review, exports showed resilient growth. The growth pace was the most rapid in 2013 with an increase of 31% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

Russia was the key exporter of flours, meals and pellets of fish or of crustaceans and molluscs in Eastern Europe, with the volume of exports amounting to X tons, which was approx. 72% of total exports in 2021. Latvia (X tons) took the second position in the ranking, followed by Poland (X tons) and Estonia (X tons). All these countries together took near 25% share of total exports. Lithuania (X tons) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of +8.6% from 2012 to 2021. At the same time, Estonia (+18.1%), Latvia (+11.7%), Lithuania (+4.0%) and Poland (+2.4%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +18.1% from 2012-2021. Estonia (+2.9 p.p.), Latvia (+2.8 p.p.) and Russia (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Poland saw its share reduced by -5.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest seafood meals and pellets supplier in Eastern Europe, comprising 73% of total exports. The second position in the ranking was held by Latvia ($X), with an 11% share of total exports. It was followed by Poland, with an 8% share.

In Russia, seafood meals and pellets exports expanded at an average annual rate of +10.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Latvia (+16.4% per year) and Poland (+9.8% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, increasing by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2013 when the export price increased by 22%. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; afterwards, it flattened through to 2021.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Estonia ($X per ton) and Russia ($X per ton), while Lithuania ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.2%), while the other leaders experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports in Eastern Europe

In 2021, supplies from abroad of flours, meals and pellets of fish or of crustaceans and molluscs increased by 2.1% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 20%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, seafood meals and pellets imports stood at $X in 2021. Over the period under review, imports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 14%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Poland (X tons) represented the main importer of flours, meals and pellets of fish or of crustaceans and molluscs, mixing up 39% of total imports. The Czech Republic (X tons) held the second position in the ranking, distantly followed by Latvia (X tons), Ukraine (X tons) and Romania (X tons). All these countries together held approx. 45% share of total imports. Lithuania (X tons) and Belarus (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for the Czech Republic (with a CAGR of +14.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest seafood meals and pellets importing markets in Eastern Europe were Poland ($X), the Czech Republic ($X) and Romania ($X), with a combined 72% share of total imports.

The Czech Republic, with a CAGR of +18.8%, saw the highest rates of growth with regard to the value of imports, in terms of 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

The import price in Eastern Europe stood at $X per ton in 2021, growing by 5.3% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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