Ukraine: Frozen Fish Market 2024

Frozen Fish Market Size in Ukraine

The Ukrainian frozen fish market declined significantly to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Frozen Fish Production in Ukraine

In value terms, frozen fish production totaled $X in 2022 estimated in export price. In general, production, however, recorded temperate growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Frozen Fish Exports

Exports from Ukraine

After three years of growth, shipments abroad of frozen fish decreased by X% to X tons in 2022. In general, exports, however, recorded a pronounced increase. The pace of growth was the most pronounced in 2015 when exports increased by X%. The exports peaked at X tons in 2021, and then reduced sharply in the following year.

In value terms, frozen fish exports dropped remarkably to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2021, and then declined dramatically 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 exports from Ukraine, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

Japan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the average frozen fish export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price posted a remarkable increase. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Moldova ($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.

Frozen Fish Imports

Imports into Ukraine

In 2022, frozen fish imports into Ukraine dropped significantly to X tons, with a decrease of X% compared with the year before. Overall, imports recorded a pronounced descent. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen fish imports contracted markedly to $X in 2022. In general, imports showed a slight slump. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports hit record highs 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 imports to Ukraine, together comprising X% of total imports. The United States, Faroe Islands, Latvia, Canada, Spain, the UK, Argentina and Vietnam lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Faroe Islands (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) appeared to be the largest frozen fish suppliers to Ukraine, with a combined X% share of total imports. Faroe Islands, Spain, Canada, the UK, Estonia, Argentina, Vietnam and Latvia lagged somewhat behind, together comprising a further X%.

Faroe Islands, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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 import price amounted to $X per ton, rising by X% against the previous year. Over the last decade, 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% against the previous year. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

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