Belarus - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Fillet Price in Belarus - 2022
Contents:
- Frozen Fish Fillet Price in Belarus (CIF) - 2022
- Frozen Fish Fillet Price in Belarus (FOB) - 2022
- Frozen Fish Fillet Imports in Belarus
- Frozen Fish Fillet Exports in Belarus
Frozen Fish Fillet Price in Belarus (CIF) - 2022
In March 2022, the average frozen fish fillet import price amounted to $2,009 per ton, falling by -6.3% against the previous month. Over the period under review, the import price, however, recorded a mild increase. The pace of growth was the most pronounced in April 2021 when the average import price increased by 9.9% month-to-month. The import price peaked at $2,162 per ton in June 2021; however, from July 2021 to March 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Vietnam ($5,189 per ton), while the price for Iceland ($1,678 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Fillet Price in Belarus (FOB) - 2022
In 2021, the average frozen fish fillet export price amounted to $4,151 per ton, reducing by -38.3% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the average export price increased by 33% against the previous year. The export price peaked at $6,727 per ton in 2020, and then shrank notably in the following year.
Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($4,181 per ton), while the average price for exports to the United Arab Emirates amounted to $3,714 per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.5%).
Frozen Fish Fillet Imports in Belarus
For the third year in a row, Belarus recorded growth in overseas purchases of frozen fish fillet, which increased by 8.2% to 33K tons in 2021. The total import volume increased at an average annual rate of +6.1% from 2019 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish fillet imports skyrocketed to $64M in 2021. The total import value increased at an average annual rate of +11.1% from 2019 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Fish Fillet in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Norway | 26.5 | 26.3 | 34.8 | 14.6% | |
| Iceland | 11.4 | 12.2 | 11.6 | 0.9% | |
| Russia | 7.2 | 6.3 | 10.2 | 19.0% | |
| Argentina | 2.8 | 2.9 | 2.5 | -5.5% | |
| Vietnam | 0.7 | 1.5 | 1.6 | 51.2% | |
| Others | 3.0 | 4.1 | 2.9 | -1.7% | |
| Total | 51.6 | 53.3 | 63.6 | 11.0% | |
Top Suppliers of Frozen Fish Fillet to Belarus in 2022:
- Norway (20.8K tons)
- Iceland (6.7K tons)
- Russia (3.1K tons)
- Argentina (0.8K tons)
- Vietnam (0.6K tons)
Frozen Fish Fillet Exports in Belarus
In 2021, frozen fish fillet exports from Belarus soared to 201 tons, with an increase of 44% on the previous year. Over the period under review, total exports indicated significant growth from 2019 to 2021: its volume increased at an average annual rate of +29.5% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +67.8% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish fillet exports fell to $834K in 2021. The total export value increased at an average annual rate of +12.1% over the period from 2019 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 41% against the previous year. As a result, the exports reached the peak of $937K, and then reduced in the following year.
| Export of Frozen Fish Fillet in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Russia | 450 | 836 | 727 | 27.1% | |
| United Arab Emirates | 91.2 | 101 | 95.3 | 2.2% | |
| Romania | 93.5 | N/A | N/A | 0% | |
| Others | 29.1 | 0.1 | 11.6 | -36.9% | |
| Total | 664 | 937 | 834 | 12.1% | |
Top Export Markets for Frozen Fish Fillet from Belarus in 2022:
- Russia (173.9 tons)
- United Arab Emirates (25.6 tons)
This report provides an in-depth analysis of the frozen fish fillet market in Belarus. 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 10201400 - Frozen fish fillets
Country coverage:
- Belarus
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Belarus
- 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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