Russian Federation - Frozen Fish Meat - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Meat Price in Russia - 2022
Contents:
- Frozen Fish Meat Price in Russia (CIF) - 2022
- Frozen Fish Meat Price in Russia (FOB) - 2022
- Frozen Fish Meat Imports in Russia
- Frozen Fish Meat Exports in Russia
Frozen Fish Meat Price in Russia (CIF) - 2022
In January 2022, the average frozen fish meat import price amounted to $2,387 per ton, jumping by 16% against the previous month. In general, the import price saw a relatively flat trend pattern. The import price peaked at $2,969 per ton in October 2021; however, from November 2021 to January 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Argentina ($4,026 per ton), while the price for Kazakhstan ($1,285 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 Kazakhstan (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Meat Price in Russia (FOB) - 2022
The average frozen fish meat export price stood at $1,946 per ton in January 2022, with a decrease of -24.6% against the previous month. Over the period under review, export price indicated a modest expansion from January 2021 to January 2022: its price increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, frozen fish meat export price decreased by -25.9% against November 2021 indices. The most prominent rate of growth was recorded in September 2021 when the average export price increased by 17% m-o-m. The export price peaked at $2,626 per ton in November 2021; however, from December 2021 to January 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Ukraine ($3,027 per ton), while the average price for exports to Germany ($1,364 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 Ukraine (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Meat Imports in Russia
Frozen fish meat imports into Russia soared to 47K tons in 2022, with an increase of 32% against 2021. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish meat imports dropped to $78M in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, imports reached the peak of $87M, and then dropped in the following year.
| Import of Frozen Fish Meat in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Faroe Islands | 16.8 | 17.4 | 17.8 | 32.7 | 24.9% |
| Thailand | 6.4 | 8.7 | 10.5 | 18.4 | 42.2% |
| Vietnam | 22.4 | 18.0 | 35.8 | 13.0 | -16.6% |
| India | 16.4 | 7.5 | 13.3 | 5.9 | -28.9% |
| Peru | 2.7 | 0.6 | 0.6 | 3.5 | 9.0% |
| Argentina | 3.9 | 4.2 | 2.2 | 3.0 | -8.4% |
| Kazakhstan | 0.2 | 0.3 | 0.6 | 0.9 | 65.1% |
| China | 3.1 | 2.2 | 2.8 | 0.7 | -39.1% |
| Others | 3.1 | 2.9 | 3.0 | 0.1 | -68.2% |
| Total | 75.1 | 62.0 | 86.6 | 78.3 | 1.4% |
Top Suppliers of Frozen Fish Meat to Russia in 2022:
- Faroe Islands (25.6K tons)
- Thailand (6.7K tons)
- Vietnam (6.4K tons)
- India (3.9K tons)
- Peru (2.0K tons)
- Argentina (1.1K tons)
- Kazakhstan (1.0K tons)
- China (0.5K tons)
Frozen Fish Meat Exports in Russia
In 2022, exports of frozen fish meat from Russia skyrocketed to 57K tons, increasing by 177% against the year before. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen fish meat exports declined notably to $30M in 2022. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 162%. As a result, the exports reached the peak of $45M, and then shrank notably in the following year.
| Export of Frozen Fish Meat in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 15.2 | 11.5 | 15.5 | 26.8 | 20.8% |
| Ukraine | 0.3 | 0.2 | 0.4 | 1.2 | 58.7% |
| Netherlands | 0.1 | 0.6 | 1.2 | 1.0 | 115.4% |
| France | 1.8 | 1.8 | 5.5 | 0.5 | -34.8% |
| Belarus | 0.1 | 0.1 | 0.7 | 0.3 | 44.2% |
| Germany | 1.2 | 2.1 | 4.5 | 0.1 | -56.3% |
| Others | 0.5 | 0.8 | 17.1 | 0.1 | -41.5% |
| Total | 19.2 | 17.1 | 44.9 | 30.0 | 16.0% |
Top Export Markets for Frozen Fish Meat from Russia in 2022:
- Germany (undefinedK tons)
- South Korea (15.0K tons)
- Ukraine (0.6K tons)
- Netherlands (0.4K tons)
- Belarus (0.4K tons)
- France (0.2K tons)
This report provides an in-depth analysis of the frozen fish meat 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 10201500 - Frozen fish meat without bones (excluding fillets)
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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