Eastern Europe: Molluscs Market 2024

Molluscs Market Size in Eastern Europe

The East European molluscs market contracted modestly to $X in 2023, approximately equating the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market remained at a lower figure.

Molluscs Production in Eastern Europe

In value terms, molluscs production contracted modestly to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a mild downturn. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Molluscs Exports

Exports in Eastern Europe

Molluscs exports expanded remarkably to X tons in 2023, surging by X% compared with the year before. Over the period under review, exports continue to indicate prominent growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X tons. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, molluscs exports surged to $X in 2023. In general, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

In 2023, Russia (X tons) was the largest exporter of molluscs (scallops, mussels, cuttle fish, squid and octopus) in Eastern Europe, generating X% of total export.

Russia was also the fastest-growing in terms of the molluscs (scallops, mussels, cuttle fish, squid and octopus) exports, with a CAGR of X% from 2012 to 2023. While the share of Russia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest molluscs supplier in Eastern Europe.

In Russia, molluscs exports plunged by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt decrease. Over the period under review, the export prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2023, the rate of growth in terms of prices for Russia amounted to X% per year.

Molluscs Imports

Imports in Eastern Europe

In 2023, approx. X tons of molluscs (scallops, mussels, cuttle fish, squid and octopus) were imported in Eastern Europe; jumping by X% on the year before. Total imports indicated a slight increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, molluscs imports expanded notably to $X in 2023. Total imports indicated a temperate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Imports by Country

Russia was the major importer of molluscs (scallops, mussels, cuttle fish, squid and octopus) in Eastern Europe, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Ukraine (X tons) took the second position in the ranking, followed by Belarus (X tons), Bulgaria (X tons) and Romania (X tons). All these countries together held approx. X% share of total imports. The following importers - Poland (X tons) and Lithuania (X tons) - each accounted for a X% share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of molluscs (scallops, mussels, cuttle fish, squid and octopus). At the same time, Romania (X%), Bulgaria (X%), Poland (X%), Ukraine (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Belarus (X%) illustrated a downward trend over the same period. While the share of Romania (X p.p.), Bulgaria (X p.p.) and Ukraine (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Belarus (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported molluscs (scallops, mussels, cuttle fish, squid and octopus) in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Ukraine ($X), with an X% share of total imports. It was followed by Romania, with a X% share.

In Russia, molluscs imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ukraine (X% per year) and Romania (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, shrinking by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform