Russian Federation: Market for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs 2024

Market Size for Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in the Russian Federation

The Russian seafood meals and pellets market fell remarkably to $X in 2021, with a decrease of -30.8% against the previous year. In general, consumption recorded a deep downturn. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs in the Russian Federation

In value terms, seafood meals and pellets production amounted to $X in 2021 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.6% against 2017 indices. The pace of growth appeared the most rapid in 2013 when the production volume increased by 21%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Exports from the Russian Federation

In 2021, approx. X tons of flours, meals and pellets of fish or of crustaceans and molluscs were exported from Russia; rising by 12% compared with the previous year's figure. In general, total exports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +8.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +28.9% against 2016 indices. The pace of growth was the most pronounced in 2015 with an increase of 24% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, seafood meals and pellets exports surged to $X in 2021. Over the period under review, total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +10.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +24.8% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

South Korea (X tons) and China (X tons) were the main destinations of seafood meals and pellets exports from Russia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +9.3%).

In value terms, the largest markets for seafood meals and pellets exported from Russia were South Korea ($X) and China ($X).

In terms of the main countries of destination, South Korea, with a CAGR of +11.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the average seafood meals and pellets export price amounted to $X per ton, jumping by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to South Korea stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.3%).

Imports of Flours, Meals And Pellets Of Fish Or Of Crustaceans And Molluscs

Imports into the Russian Federation

Seafood meals and pellets imports into Russia declined remarkably to X tons in 2021, with a decrease of -58.3% on 2020. Overall, imports faced a precipitous setback. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, seafood meals and pellets imports reduced remarkably to $X in 2021. In general, imports faced a precipitous contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 33%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Morocco (X tons) constituted the largest supplier of seafood meals and pellets to Russia, with a 70% share of total imports. Moreover, seafood meals and pellets imports from Morocco exceeded the figures recorded by the second-largest supplier, France (X tons), threefold. The third position in this ranking was taken by Belarus (X tons), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Morocco stood at -34.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+0.1% per year) and Belarus (-21.6% per year).

In value terms, Morocco ($X), France ($X) and Belarus ($X) constituted the largest seafood meals and pellets suppliers to Russia, together accounting for 98% of total imports.

In terms of the main suppliers, France, with a CAGR of +1.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average seafood meals and pellets import price stood at $X per ton in 2021, leveling off at the previous year. Over the last nine years, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2013 an increase of 16% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Peru (+14.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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