Russian Federation: Preserved Fish Fillet Market 2024

Preserved Fish Fillet Market Size in the Russian Federation

The Russian preserved fish fillet market reduced to $X in 2021, with a decrease of -3.8% against the previous year. Over the period under review, consumption continues to indicate a perceptible decrease. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Preserved Fish Fillet Production in the Russian Federation

In value terms, preserved fish fillet production declined markedly to $X in 2021 estimated in export price. Overall, production showed a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 113%. Preserved fish fillet production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Preserved Fish Fillet Exports

Exports from the Russian Federation

In 2021, the amount of fish fillets (dried, salted or in brine, but not smoked) exported from Russia declined sharply to X tons, shrinking by -36.2% against 2020. Overall, exports showed a mild descent. The pace of growth was the most pronounced in 2014 when exports increased by 61% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, preserved fish fillet exports dropped notably to $X in 2021. Over the period under review, exports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2014 when exports increased by 49%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Ukraine (X tons) were the main destinations of preserved fish fillet exports from Russia, together comprising 89% of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +44.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X) emerged as the key foreign market for fish fillets (dried, salted or in brine, but not smoked) exports from Russia, comprising 48% of total exports. The second position in the ranking was held by Belarus ($X), with a 23% share of total exports. It was followed by Ukraine, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan totaled +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+33.9% per year) and Ukraine (+2.7% per year).

Export Prices by Country

The average preserved fish fillet export price stood at $X per ton in 2021, picking up by 11% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 33% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was South Korea ($X per ton), while the average price for exports to the United States ($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 Azerbaijan (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Fish Fillet Imports

Imports into the Russian Federation

In 2021, supplies from abroad of fish fillets (dried, salted or in brine, but not smoked) decreased by -5.8% to X tons for the first time since 2017, thus ending a three-year rising trend. In general, imports, however, posted strong growth. The pace of growth was the most pronounced in 2014 when imports increased by 123% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then reduced in the following year.

In value terms, preserved fish fillet imports expanded remarkably to $X in 2021. Over the period under review, imports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2013 with an increase of 163%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Belarus (X tons) constituted the largest supplier of preserved fish fillet to Russia, accounting for a 84% share of total imports. Moreover, preserved fish fillet imports from Belarus exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belarus amounted to +42.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.5% per year) and Kazakhstan (-3.9% per year).

In value terms, Belarus ($X) constituted the largest supplier of fish fillets (dried, salted or in brine, but not smoked) to Russia, comprising 91% of total imports. The second position in the ranking was taken by China ($X), with a 7.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Belarus totaled +38.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.2% per year) and Kazakhstan (-2.1% per year).

Import Prices by Country

In 2021, the average preserved fish fillet import price amounted to $X per ton, increasing by 19% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 an increase of 80%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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