Kazakhstan: Preserved Herring Market 2024

Preserved Herring Market Size in Kazakhstan

After two years of decline, the Kazakh preserved herring market increased by 0.4% to $X in 2021. In general, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -13.0% against 2018 indices. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Preserved Herring Production in Kazakhstan

In value terms, preserved herring production amounted to $X in 2021 estimated in export price. Overall, the total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.7% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 29%. Preserved herring production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Preserved Herring Exports

Exports from Kazakhstan

In 2021, shipments abroad of herrings (prepared or preserved) was finally on the rise to reach X tons after four years of decline. In general, exports, however, recorded a sharp downturn. The growth pace was the most rapid in 2016 with an increase of 169% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, preserved herring exports skyrocketed to $X in 2021. Overall, exports, however, saw a sharp curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by 197% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Uzbekistan (X kg), Turkmenistan (X kg) and Kyrgyzstan (X kg) were the main destinations of preserved herring exports from Kazakhstan, together comprising 81% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkmenistan (with a CAGR of -9.7%), while the other leaders experienced a decline.

In value terms, Tajikistan ($X) remains the key foreign market for herrings (prepared or preserved) exports from Kazakhstan, comprising 51% of total exports. The second position in the ranking was held by Turkmenistan ($X), with an 18% share of total exports. It was followed by Uzbekistan, with a 17% share.

From 2012 to 2021, the average annual growth rate of value to Tajikistan amounted to -16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (-13.4% per year) and Uzbekistan (-24.6% per year).

Export Prices by Country

The average preserved herring export price stood at $X per ton in 2021, picking up by 27% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved herring export price increased by +28.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 30%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Tajikistan ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+22.5%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Herring Imports

Imports into Kazakhstan

In 2021, overseas purchases of herrings (prepared or preserved) decreased by -41% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by 125%. Imports peaked at X tons in 2020, and then contracted significantly in the following year.

In value terms, preserved herring imports dropped notably to $X in 2021. Over the period under review, imports, however, recorded resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 141% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest preserved herring supplier to Kazakhstan, accounting for a 76% share of total imports. Moreover, preserved herring imports from Russia exceeded the figures recorded by the second-largest supplier, Belarus (X tons), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+30.4% per year) and Latvia (-12.3% per year).

In value terms, Russia ($X) constituted the largest supplier of herrings (prepared or preserved) to Kazakhstan, comprising 76% of total imports. The second position in the ranking was taken by Belarus ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+29.5% per year) and Latvia (-14.3% per year).

Import Prices by Country

The average preserved herring import price stood at $X per ton in 2021, increasing by 38% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belarus ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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