Ukraine: Market for Dried Or Salted Fish 2024

Market Size for Dried Or Salted Fish in Ukraine

In 2021, the Ukrainian dried or salted fish market increased by 12% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2021 and is likely to see steady growth in the near future.

Production of Dried Or Salted Fish in Ukraine

In value terms, dried or salted fish production expanded to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 39%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Dried Or Salted Fish

Exports from Ukraine

In 2021, dried or salted fish exports from Ukraine surged to X tons, picking up by 40% on the previous year's figure. In general, exports posted a significant expansion. The growth pace was the most rapid in 2015 with an increase of 420% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, dried or salted fish exports soared to $X in 2021. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 210%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Germany (X tons), Moldova (X tons) and Estonia (X tons) were the main destinations of dried or salted fish exports from Ukraine, together accounting for 64% 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 Estonia (with a CAGR of +162.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for dried or salted fish exports from Ukraine, comprising 36% of total exports. The second position in the ranking was taken by Moldova ($X), with a 15% share of total exports. It was followed by Estonia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Moldova (+31.6% per year) and Estonia (+168.6% per year).

Export Prices by Country

In 2021, the average dried or salted fish export price amounted to $X per ton, picking up by 6.5% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 59% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per ton), while the average price for exports to Israel ($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 Georgia (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Salted Fish

Imports into Ukraine

In 2021, approx. X tons of dried or salted fish were imported into Ukraine; growing by 28% on the year before. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by 138%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, dried or salted fish imports soared to $X in 2021. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2017 when imports increased by 98% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Norway (X tons), Belarus (X tons) and the UK (X tons) were the main suppliers of dried or salted fish imports to Ukraine, with a combined 95% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Norway (with a CAGR of +101.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) constituted the largest supplier of dried or salted fish to Ukraine, comprising 67% of total imports. The second position in the ranking was held by Belarus ($X), with a 15% share of total imports. It was followed by the UK, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from Norway amounted to +105.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+66.8% per year) and the UK (+58.0% per year).

Import Prices by Country

In 2021, the average dried or salted fish import price amounted to $X per ton, which is down by -5.3% against the previous year. Overall, the import price saw a noticeable contraction. The growth pace was the most rapid in 2016 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Kazakhstan ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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