Report Update Nov 1, 2024

Russian Federation - Herrings (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Russian Federation: Preserved Herring Market 2024

Preserved Herring Market Size in the Russian Federation

In 2021, after two years of decline, there was significant growth in the Russian preserved herring market, when its value increased by 16% to $X. The market value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Preserved herring consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Preserved Herring Production in the Russian Federation

In value terms, preserved herring production surged to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 21%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Preserved Herring Exports

Exports from the Russian Federation

In 2021, after two years of growth, there was significant decline in shipments abroad of herrings (prepared or preserved), when their volume decreased by -9.7% to X tons. Overall, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 113%. Over the period under review, the exports attained the maximum at X tons in 2020, and then declined in the following year.

In value terms, preserved herring exports surged to $X in 2021. Over the period under review, exports, however, recorded tangible growth. The most prominent rate of growth was recorded in 2017 when exports increased by 123% against the previous year. The exports peaked at $X in 2013; afterwards, it flattened through to 2021.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and Ukraine (X tons) were the main destinations of preserved herring exports from Russia, together comprising 69% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +36.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for preserved herring exported from Russia were Kazakhstan ($X), Ukraine ($X) and Belarus ($X), together comprising 69% of total exports.

In terms of the main countries of destination, Belarus, with a CAGR of +26.0%, recorded 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 2021, the average preserved herring export price amounted to $X per ton, with an increase of 27% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced descent. 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 failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Belarus ($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 (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Herring Imports

Imports into the Russian Federation

In 2021, approx. X tons of herrings (prepared or preserved) were imported into Russia; surging by 15% on 2020. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 42%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, preserved herring imports surged to $X in 2021. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 51%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Belarus (X tons) was the main preserved herring supplier to Russia, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Belarus totaled +19.2%.

In value terms, Belarus ($X) constituted the largest supplier of herrings (prepared or preserved) to Russia.

From 2012 to 2021, the average annual growth rate of value from Belarus totaled +13.8%.

Import Prices by Country

The average preserved herring import price stood at $X per ton in 2021, rising by 8.6% against the previous year. In general, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 when the average import price increased by 21%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Belarus.

From 2012 to 2021, the rate of growth in terms of prices for Belarus amounted to -4.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for herrings (prepared or preserved) in the world?

China constituted the country with the largest volume of preserved herring consumption, accounting for 18% of total volume. Moreover, preserved herring consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The third position in this ranking was occupied by the United States, with a 6.3% share.

What are the largest producers of herrings (prepared or preserved) in the world?

The country with the largest volume of preserved herring production was China, accounting for 18% of total volume. Moreover, preserved herring production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 6% share.

What are the leading suppliers of herrings (prepared or preserved) to the Russian Federation?

In value terms, Belarus constituted the largest supplier of preserved herring to Russia.

What are the leading importers of herrings (prepared or preserved) from the Russian Federation?

In value terms, the largest markets for preserved herring exported from Russia were Kazakhstan, Ukraine and Belarus, with a combined 69% share of total exports.

What is the average export price for herrings (prepared or preserved) in the Russian Federation?

The average preserved herring export price stood at $2,459 per ton in 2021, with an increase of 27% against the previous year.

What is the average import price for herrings (prepared or preserved) in the Russian Federation?

The average preserved herring import price stood at $2,866 per ton in 2021, increasing by 8.6% against the previous year.

This report provides an in-depth analysis of the preserved herring market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202520 - Prepared or preserved herrings, whole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023