Russian Federation: Frozen Crustaceans Market 2025

Frozen Crustaceans Market Size in the Russian Federation

In 2022, after six years of growth, there was decline in the Russian frozen crustaceans market, when its value decreased by X% to $X. In general, the total consumption indicated a measured increase 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. Based on 2022 figures, consumption increased by X% against 2015 indices. Frozen crustaceans consumption peaked at $X in 2021, and then reduced in the following year.

Frozen Crustaceans Production in the Russian Federation

In value terms, frozen crustaceans production expanded to $X in 2022 estimated in export price. Overall, the total production indicated measured 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. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. Frozen crustaceans production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Frozen Crustaceans Exports

Exports from the Russian Federation

In 2022, overseas shipments of frozen crustaceans increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen crustaceans exports dropped to $X in 2022. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped in the following year.

Exports by Country

Japan (X tons), the United States (X tons) and China (X tons) were the main destinations of frozen crustaceans exports from Russia, together comprising X% of total exports.

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

In value terms, the United States ($X) remains the key foreign market for frozen crustaceans exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by China, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and China (X% per year).

Export Prices by Country

The average frozen crustaceans export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports into the Russian Federation

In 2022, after six years of growth, there was significant decline in overseas purchases of frozen crustaceans, when their volume decreased by X% to X tons. Overall, imports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons, and then fell notably in the following year.

In value terms, frozen crustaceans imports shrank remarkably to $X in 2022. In general, imports, however, recorded a temperate increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted notably in the following year.

Imports by Country

Ecuador (X tons), India (X tons) and Greenland (X tons) were the main suppliers of frozen crustaceans imports to Russia, with a combined X% share of total imports. China, Vietnam, Saudi Arabia, Bangladesh and Argentina lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest frozen crustaceans suppliers to Russia were Ecuador ($X), India ($X) and Greenland ($X), with a combined X% share of total imports. Vietnam, China, Bangladesh, Saudi Arabia and Argentina lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of 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 average frozen crustaceans import price stood at $X per ton in 2022, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bangladesh ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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