Ukraine: Market for Dried Or Smoked Fish 2024

Market Size for Dried Or Smoked Fish in Ukraine

The Ukrainian dried or smoked fish market rose markedly to $X in 2021, surging by 11% against the previous year. In general, consumption, however, saw a noticeable downturn. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Dried Or Smoked Fish in Ukraine

In value terms, dried or smoked fish production rose notably to $X in 2021 estimated in export price. In general, production, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 39% against the previous year. Dried or smoked fish production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Dried Or Smoked Fish

Exports from Ukraine

In 2021, the amount of dried or smoked fish exported from Ukraine skyrocketed to X tons, increasing by 17% compared with the previous year. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2015 when exports increased by 197% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, dried or smoked fish exports surged to $X in 2021. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 224% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Israel (X tons), Denmark (X tons) and Germany (X tons) were the main destinations of dried or smoked fish exports from Ukraine, with a combined 56% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +172.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) remains the key foreign market for dried or smoked fish exports from Ukraine, comprising 36% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Moldova, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Israel amounted to +90.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+36.1% per year) and Moldova (+49.3% per year).

Export Prices by Country

In 2021, the average dried or smoked fish export price amounted to $X per ton, rising by 6.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.0%. The growth pace was the most rapid in 2013 when the average export price increased by 22% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Denmark ($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 Moldova (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Dried Or Smoked Fish

Imports into Ukraine

In 2021, approx. X tons of dried or smoked fish were imported into Ukraine; with an increase of 22% compared with 2020 figures. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2017 when imports increased by 123% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, dried or smoked fish imports soared to $X in 2021. In general, imports saw resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of 68%. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Norway (X tons) constituted the largest supplier of dried or smoked fish to Ukraine, accounting for a 60% share of total imports. Moreover, dried or smoked fish imports from Norway exceeded the figures recorded by the second-largest supplier, Belarus (X tons), threefold. The UK (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Norway stood at +90.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+24.5% per year) and the UK (+123.5% per year).

In value terms, Norway ($X) constituted the largest supplier of dried or smoked fish to Ukraine, comprising 61% of total imports. The second position in the ranking was held by Belarus ($X), with a 17% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual growth rate of value from Norway amounted to +91.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (-4.1% per year) and the UK (+86.5% per year).

Import Prices by Country

The average dried or smoked fish import price stood at $X per ton in 2021, remaining constant against the previous year. Overall, the import price recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 an increase of 27% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Kazakhstan ($X per ton) and Norway ($X per ton), while the price for Belarus ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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