Eastern Europe: Market for Smoked Fish Other than Salmon and Herring 2024

Market Size for Smoked Fish Other than Salmon and Herring in Eastern Europe

After two years of growth, the East European market for smoked fish other than salmon and herring decreased by -1.7% to $X in 2021. In general, consumption showed a slight decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Smoked Fish Other than Salmon and Herring in Eastern Europe

In value terms, production of smoked fish other than salmon and herring fell modestly to $X in 2021 estimated in export price. In general, production continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2019 when the production volume increased by 14%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Smoked Fish Other than Salmon and Herring

Exports in Eastern Europe

Exports of smoked fish other than salmon and herring totaled X tons in 2021, with an increase of 2.9% compared with the previous year's figure. Total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.3% 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 +3.4% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 42% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, exports of smoked fish other than salmon and herring expanded slightly to $X in 2021. Total exports indicated a remarkable increase 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. Based on 2021 figures, exports decreased by -0.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 40% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Poland dominates herring structure, finishing at X tons, which was approx. 72% of total exports in 2021. Lithuania (X tons) held the second position in the ranking, followed by Belarus (X tons). All these countries together held near 18% share of total exports. The Czech Republic (X tons), Russia (X tons) and Estonia (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to smoked fish other than salmon and herring exports from Poland stood at +6.0%. At the same time, Russia (+19.8%), Belarus (+8.5%) and Lithuania (+7.9%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +19.8% from 2012-2021. The Czech Republic experienced a relatively flat trend pattern. By contrast, Estonia (-1.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia increased by +1.6 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest smoked fish other than salmon and herring supplier in Eastern Europe, comprising 76% of total exports. The second position in the ranking was taken by Belarus ($X), with an 8.8% share of total exports. It was followed by Lithuania, with an 8% share.

From 2012 to 2021, the average annual growth rate of value in Poland totaled +6.1%. In the other countries, the average annual rates were as follows: Belarus (+12.2% per year) and Lithuania (+13.6% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, remaining constant against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 15%. Over the period under review, the export prices reached the maximum 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 Estonia ($X per ton), while the Czech Republic ($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 (+5.3%), while the other leaders experienced more modest paces of growth.

Imports of Smoked Fish Other than Salmon and Herring

Imports in Eastern Europe

Imports of smoked fish other than salmon and herring surged to X tons in 2021, with an increase of 46% on 2020. Over the period under review, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of smoked fish other than salmon and herring surged to $X in 2021. Overall, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2013 with an increase of 72% against the previous year. Over the period under review, imports of hit record highs in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

Russia represented the largest importer of smoked fish other than salmon and herring in Eastern Europe, with the volume of imports accounting for X tons, which was near 42% of total imports in 2021. Romania (X tons) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (10%), Slovakia (6.4%), Latvia (5.3%), Estonia (4.8%) and Lithuania (4.8%).

Russia was also the fastest-growing in terms of the smoked fish other than salmon and herring imports, with a CAGR of +36.5% from 2012 to 2021. At the same time, Latvia (+14.7%), Lithuania (+11.3%), Romania (+9.6%), Estonia (+7.9%) and the Czech Republic (+5.3%) displayed positive paces of growth. Slovakia experienced a relatively flat trend pattern. Russia (+35 p.p.) significantly strengthened its position in terms of the total imports, while Estonia, Romania, the Czech Republic and Slovakia saw its share reduced by -2.7%, -6.1%, -9.5% and -12.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest smoked fish other than salmon and herring importing markets in Eastern Europe were Russia ($X), Romania ($X) and the Czech Republic ($X), with a combined 62% share of total imports.

In terms of the main importing countries, Russia, with a CAGR of +22.6%, saw 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

In 2021, the import price in Eastern Europe amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 20% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+4.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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