Russian Federation: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in the Russian Federation

The Russian frozen atlantic halibut market reduced notably to $X in 2020, shrinking by -X% against the previous year. Overall, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. Over the period under review, the market reached the maximum level at $X in 2019, and then declined markedly in the following year.

Frozen Atlantic Halibut Production in the Russian Federation

In value terms, frozen atlantic halibut production dropped to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2011 when the production volume increased by X% against the previous year. Frozen atlantic halibut production peaked at $X in 2018; however, from 2019 to 2020, production remained at a lower figure.

Frozen Atlantic Halibut Exports

Exports from the Russian Federation

In 2020, approx. X tons of frozen atlantic halibut were exported from Russia; with an increase of X% against 2019. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, exports reached the maximum at X tons in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut exports amounted to $X in 2020. In general, exports, however, saw a slight expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports failed to regain the momentum.

Exports by Country

China (X tons), South Korea (X tons) and Japan (X tons) were the main destinations of frozen atlantic halibut exports from Russia, with a combined X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan, while exports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Japan ($X) were the largest markets for frozen atlantic halibut exported from Russia worldwide, with a combined X% share of total exports.

Among the main countries of destination, China saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average frozen atlantic halibut export price amounted to $X per ton, waning by -X% against the previous year. Overall, export price indicated slight growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen atlantic halibut export price decreased by -X% against 2018 indices. The pace of growth was the most pronounced in 2011 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China, while the prices for the other major destinations experienced more modest paces of growth.

Frozen Atlantic Halibut Imports

Imports into the Russian Federation

In 2020, overseas purchases of frozen atlantic halibut decreased by -X% to X kg, falling for the seventh year in a row after two years of growth. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2013 when imports increased by X% year-to-year. As a result, imports attained the peak of X tons. from 2014 to 2020, the growth imports failed to regain the momentum.

In value terms, frozen atlantic halibut imports shrank remarkably to $X in 2020. Overall, imports showed a noticeable reduction. The most prominent rate of growth was recorded in 2012 when imports increased by X% y-o-y. Imports peaked at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

Norway (X tons), Canada (X tons) and Iceland (X tons) were the main suppliers of frozen atlantic halibut imports to Russia, together accounting for X% of total imports. These countries were followed by Greenland, Belarus, Denmark and Estonia, which together accounted for a further X 2007 to 2019, the biggest increases were in Belarus, while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) constituted the largest supplier of frozen atlantic halibut to Russia, comprising X% of total imports. The second position in the ranking was occupied by Iceland ($X), with a X% share of total imports. It was followed by Greenland, with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of value from Norway stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Iceland (+X% per year) and Greenland (-X% per year).

Import Prices by Country

The average frozen atlantic halibut import price stood at $X per ton in 2019, picking up by X% against the previous year. Over the last twelve-year period, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure in 2019 and is likely to see steady growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Iceland ($X per ton), while the price for Canada ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Iceland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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