Eastern Europe: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Eastern Europe

The East European frozen fish and seafood market fell to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2021, and then declined slightly in the following year.

Production of Frozen Fish And Seafood in Eastern Europe

In value terms, frozen fish and seafood production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Exports of Frozen Fish And Seafood

Exports in Eastern Europe

In 2022, exports of frozen fish and seafood in Eastern Europe amounted to X tons, growing by X% against 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. The volume of export peaked at X tons in 2020; afterwards, it flattened through to 2022.

In value terms, frozen fish and seafood exports fell markedly to $X in 2022. Total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2021, and then shrank sharply in the following year.

Exports by Country

Russia prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Poland (X tons), creating a X% share of total exports. The following exporters - Estonia (X tons), Latvia (X tons) and Lithuania (X tons) - together made up X% of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), Lithuania (X%) and Latvia (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Estonia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest frozen fish and seafood supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Lithuania (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then reduced notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (X%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports in Eastern Europe

In 2022, approx. X tons of frozen fish and seafood were imported in Eastern Europe; shrinking by X% on 2021. In general, imports showed a slight contraction. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen fish and seafood imports shrank modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, Russia (X tons), Poland (X tons) and Ukraine (X tons) was the key importer of frozen fish and seafood in Eastern Europe, committing X% of total import. Belarus (X tons) ranks next in terms of the total imports with a X% share, followed by Lithuania (X%). Latvia (X tons), Romania (X tons) and the Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Latvia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish and seafood importing markets in Eastern Europe were Russia ($X), Poland ($X) and Ukraine ($X), together accounting for X% of total imports. Lithuania, Belarus, Romania, the Czech Republic and Latvia lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Romania, with a CAGR of X%, 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 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :