Russian Federation: Market for Dried Or Salted Fish 2025

Market Size for Dried Or Salted Fish in the Russian Federation

In 2021, the Russian dried or salted fish market increased by 33% to $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, showed a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Dried Or Salted Fish in the Russian Federation

In value terms, dried or salted fish production soared to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced descent. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Dried Or Salted Fish

Exports from the Russian Federation

In 2021, approx. X tons of dried or salted fish were exported from Russia; jumping by 40% against the previous year. Overall, exports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 77% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, dried or salted fish exports skyrocketed to $X in 2021. Over the period under review, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 157% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus (X tons), Portugal (X tons) and Ukraine (X tons) were the main destinations of dried or salted fish exports from Russia, with a combined 83% share of total exports. Kazakhstan, the United States, Georgia, China, Turkmenistan and Spain lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +11.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Portugal ($X), Belarus ($X) and Ukraine ($X) constituted the largest markets for dried or salted fish exported from Russia worldwide, together comprising 83% of total exports.

Ukraine, with a CAGR of +10.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average dried or salted fish export price stood at $X per ton in 2021, picking up by 5.8% against the previous year. In general, the export price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2015 an increase of 46% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per ton), while the average price for exports to Georgia ($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 Ukraine (-0.3%), while the prices for the other major destinations experienced a decline.

Imports of Dried Or Salted Fish

Imports into the Russian Federation

In 2021, approx. X tons of dried or salted fish were imported into Russia; growing by 16% compared with the previous year. Over the period under review, imports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, dried or salted fish imports expanded notably to $X in 2021. Overall, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 when imports increased by 42%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X tons), Belarus (X tons) and Kazakhstan (X tons) were the main suppliers of dried or salted fish imports to Russia, together comprising 87% of total imports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +65.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Vietnam ($X) constituted the largest supplier of dried or salted fish to Russia, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with a 12% share of total imports. It was followed by Belarus, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Vietnam totaled +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-16.9% per year) and Belarus (+65.0% per year).

Import Prices by Country

The average dried or salted fish import price stood at $X per ton in 2021, which is down by -7.3% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 28% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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