Russian Federation: Frozen Fish Fillet Market 2025

Frozen Fish Fillet Market Size in the Russian Federation

The Russian frozen fish fillet market soared to $X in 2022, jumping by 15% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Frozen Fish Fillet Production in the Russian Federation

In value terms, frozen fish fillet production stood at $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.3% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 30% against the previous year. Frozen fish fillet production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Frozen Fish Fillet Exports

Exports from the Russian Federation

Frozen fish fillet exports from Russia contracted to X tons in 2022, reducing by -14.2% against 2021. Overall, exports, however, posted a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by 78%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, frozen fish fillet exports fell to $X in 2022. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 93% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

South Korea (X tons) was the main destination for frozen fish fillet exports from Russia, with a 57% share of total exports. Moreover, frozen fish fillet exports to South Korea exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was held by France (X tons), with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea totaled +11.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+9.3% per year) and France (+31.4% per year).

In value terms, the largest markets for frozen fish fillet exported from Russia were South Korea ($X), the Netherlands ($X) and the UK ($X), together comprising 77% of total exports. Lithuania, Germany, France and Belarus lagged somewhat behind, together accounting for a further 18%.

Belarus, with a CAGR of +51.8%, saw 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 more modest paces of growth.

Export Prices by Country

The average frozen fish fillet export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2014 an increase of 21% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+5.8%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Fillet Imports

Imports into the Russian Federation

In 2022, frozen fish fillet imports into Russia shrank markedly to X tons, declining by -17.4% against the year before. In general, imports continue to indicate a abrupt decrease. The pace of growth was the most pronounced in 2021 when imports increased by 52%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, frozen fish fillet imports fell remarkably to $X in 2022. Overall, imports showed a mild decrease. The pace of growth was the most pronounced in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

Vietnam (X tons), China (X tons) and Argentina (X tons) were the main suppliers of frozen fish fillet imports to Russia, together comprising 88% of total imports. Chile, Faroe Islands and Ecuador lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Faroe Islands (with a CAGR of +52.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen fish fillet suppliers to Russia were China ($X), Vietnam ($X) and Chile ($X), together accounting for 85% of total imports.

Chile, with a CAGR of +65.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average frozen fish fillet import price amounted to $X per ton, falling by -2.6% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen fish fillet import price increased by +76.5% against 2013 indices. The growth pace was the most rapid in 2018 an increase of 41% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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