Ukraine: Market for Frozen Fish And Seafood 2024

Market Size for Frozen Fish And Seafood in Ukraine

After six years of growth, the Ukrainian frozen fish and seafood market decreased by X% to $X in 2022. Over the period under review, consumption recorded a perceptible setback. Frozen fish and seafood consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Frozen Fish And Seafood in Ukraine

In value terms, frozen fish and seafood production reached $X in 2022 estimated in export price. In general, production, however, continues to indicate moderate growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Frozen Fish And Seafood

Exports from Ukraine

In 2022, shipments abroad of frozen fish and seafood decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then fell sharply in the following year.

In value terms, frozen fish and seafood exports shrank remarkably to $X in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at $X in 2021, and then contracted notably in the following year.

Exports by Country

Germany (X tons), Denmark (X tons) and the United States (X tons) were the main destinations of frozen fish and seafood exports from Ukraine, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Japan ($X) were the largest markets for frozen fish and seafood exported from Ukraine worldwide, together comprising X% of total exports.

Among the main countries of destination, Japan, with a CAGR of X%, saw the highest growth rate of 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

The average frozen fish and seafood export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price showed a strong increase. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Hungary ($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 Belarus (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Fish And Seafood

Imports into Ukraine

In 2022, the amount of frozen fish and seafood imported into Ukraine dropped sharply to X tons, shrinking by X% against 2021. Over the period under review, imports recorded a pronounced downturn. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish and seafood imports declined rapidly to $X in 2022. In general, imports showed a slight setback. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Iceland (X tons), Norway (X tons) and Estonia (X tons) were the main suppliers of frozen fish and seafood imports to Ukraine, together accounting for X% of total imports. The United States, Faroe Islands, Canada, Latvia, Spain, the UK, the Netherlands, Lithuania, Argentina and Mauritania lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Iceland ($X) and the United States ($X) were the largest frozen fish and seafood suppliers to Ukraine, with a combined X% share of total imports. Canada, Faroe Islands, Spain, the UK, Estonia, Argentina, the Netherlands, Latvia, Mauritania and Lithuania lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen fish and seafood import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for Latvia ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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