Russian Federation - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in Russia - 2022
Contents:
- Frozen Crustaceans Price in Russia (FOB) - 2022
- Frozen Crustaceans Price in Russia (CIF) - 2022
- Frozen Crustaceans Exports in Russia
- Frozen Crustaceans Imports in Russia
Frozen Crustaceans Price in Russia (FOB) - 2022
In January 2022, the average frozen crustaceans export price amounted to $22,546 per ton, reducing by -26.7% against the previous month. In general, the export price, however, showed noticeable growth. The pace of growth appeared the most rapid in October 2021 an increase of 135% m-o-m. As a result, the export price reached the peak level of $60,471 per ton. From November 2021 to January 2022, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($25,744 per ton), while the average price for exports to Belarus ($5,379 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Crustaceans Price in Russia (CIF) - 2022
The average frozen crustaceans import price stood at $6,226 per ton in January 2022, with an increase of 5% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in April 2021 when the average import price increased by 15% m-o-m. The import price peaked in January 2022.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Bangladesh ($9,033 per ton), while the price for Saudi Arabia ($4,338 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Crustaceans Exports in Russia
Frozen crustaceans exports from Russia fell significantly to 62K tons in 2022, waning by -30.9% compared with the year before. In general, exports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, the exports attained the peak of 90K tons, and then reduced dramatically in the following year.
In value terms, frozen crustaceans exports fell dramatically to $433M in 2022. Over the period under review, exports saw a significant contraction. The growth pace was the most rapid in 2021 with an increase of 71%. As a result, the exports reached the peak of $1.7B, and then reduced markedly in the following year.
| Export of Frozen Crustaceans in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 499 | 468 | 728 | 343 | -11.7% |
| Japan | 32.8 | 56.0 | 44.5 | 65.8 | 26.1% |
| China | 37.9 | 13.4 | 16.6 | 14.3 | -27.7% |
| Ukraine | 2.1 | 3.2 | 4.2 | 5.5 | 37.8% |
| Norway | 12.5 | 3.1 | 2.2 | N/A | -58.0% |
| Netherlands | 442 | 447 | 929 | N/A | 45.0% |
| Others | 13.0 | 29.5 | 14.5 | 4.9 | -27.8% |
| Total | 1,039 | 1,019 | 1,739 | 433 | -25.3% |
Top Export Markets for Frozen Crustaceans from Russia in 2022:
- South Korea (48.6K tons)
- Japan (10.1K tons)
- China (1.9K tons)
- Ukraine (1.0K tons)
Frozen Crustaceans Imports in Russia
For the fourth consecutive year, Russia recorded growth in purchases abroad of frozen crustaceans, which increased by 1.4% to 82K tons in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 51%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, frozen crustaceans imports fell to $404M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.9% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 56%. As a result, imports reached the peak of $460M, and then shrank in the following year.
| Import of Frozen Crustaceans in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 47.3 | 73.1 | 129 | 144 | 44.9% |
| India | 80.1 | 77.7 | 119 | 111 | 11.5% |
| Greenland | 24.7 | 38.5 | 71.5 | 49.5 | 26.1% |
| Vietnam | 19.3 | 25.3 | 30.5 | 32.1 | 18.5% |
| China | 30.0 | 20.6 | 22.3 | 23.1 | -8.3% |
| Bangladesh | 10.2 | 6.1 | 15.9 | 16.7 | 17.9% |
| Saudi Arabia | N/A | 0.1 | 6.9 | 8.5 | 822.0% |
| Argentina | 42.5 | 38.3 | 48.9 | 8.0 | -42.7% |
| Others | 16.9 | 15.5 | 16.8 | 10.0 | -16.0% |
| Total | 271 | 295 | 460 | 404 | 14.2% |
Top Suppliers of Frozen Crustaceans to Russia in 2022:
- Ecuador (32.7K tons)
- India (18.4K tons)
- Greenland (13.5K tons)
- Vietnam (4.6K tons)
- China (4.6K tons)
- Saudi Arabia (2.5K tons)
- Bangladesh (2.3K tons)
- Argentina (1.3K tons)
This report provides an in-depth analysis of the frozen crustaceans market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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