Russian Federation: Battered Fish Fillet Market 2024

Battered Fish Fillet Market Size in the Russian Federation

The Russian battered fish fillet market expanded significantly to $X in 2021, with an increase of 13% against the previous year. The market value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Battered fish fillet consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Battered Fish Fillet Production in the Russian Federation

In value terms, battered fish fillet production soared to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Battered fish fillet production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Battered Fish Fillet Exports

Exports from the Russian Federation

In 2021, shipments abroad of fish fillets in batter or breadcrumbs decreased by -21.5% to X tons, falling for the second consecutive year after four years of growth. In general, total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.1% 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 decreased by -29.7% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 33% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, battered fish fillet exports dropped to $X in 2021. Overall, exports recorded a mild slump. The most prominent rate of growth was recorded in 2017 when exports increased by 58%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Belarus (X tons) was the main destination for battered fish fillet exports from Russia, accounting for a 42% share of total exports. Moreover, battered fish fillet exports to Belarus exceeded the volume sent to the second major destination, Kazakhstan (X tons), twofold. Ukraine (X tons) ranked third in terms of total exports with a 20% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus amounted to +36.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+8.4% per year) and Ukraine (+6.0% per year).

In value terms, the largest markets for battered fish fillet exported from Russia were Belarus ($X), Kazakhstan ($X) and Ukraine ($X), with a combined 73% share of total exports.

Belarus, with a CAGR of +32.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average battered fish fillet export price amounted to $X per ton, growing by 16% against the previous year. In general, the export price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Germany ($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 (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Battered Fish Fillet Imports

Imports into the Russian Federation

In 2021, imports of fish fillets in batter or breadcrumbs into Russia declined dramatically to X tons, which is down by -42.4% on the year before. In general, imports recorded a precipitous descent. The pace of growth appeared the most rapid in 2017 with an increase of 15%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, battered fish fillet imports contracted rapidly to $X in 2021. Overall, imports saw a sharp shrinkage. The growth pace was the most rapid in 2017 with an increase of 20%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons), Belarus (X tons) and Armenia (X tons) were the main suppliers of battered fish fillet imports to Russia, with a combined 98% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Armenia (with a CAGR of +88.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of fish fillets in batter or breadcrumbs to Russia, comprising 78% of total imports. The second position in the ranking was held by Belarus ($X), with a 17% share of total imports. It was followed by Armenia, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+69.7% per year) and Armenia (+83.4% per year).

Import Prices by Country

In 2021, the average battered fish fillet import price amounted to $X per ton, increasing by 14% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The pace of growth was the most pronounced in 2014 an increase of 20%. The import price peaked in 2021 and is expected to retain 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 Armenia ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :