Russian Federation - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Price in Russia - 2022
Contents:
- Frozen Fish Price in Russia (FOB) - 2022
- Frozen Fish Price in Russia (CIF) - 2022
- Frozen Fish Exports in Russia
- Frozen Fish Imports in Russia
Frozen Fish Price in Russia (FOB) - 2022
In 2022, the average frozen fish export price amounted to $1,233 per ton, which is down by -38.4% against the previous year. Overall, the export price showed a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. As a result, the export price reached the peak level of $2,001 per ton, and then declined sharply in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($3,961 per ton), while the average price for exports to Nigeria ($480 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 Japan (-1.2%), while the prices for the other major destinations experienced a decline.
Frozen Fish Price in Russia (CIF) - 2022
The average frozen fish import price stood at $3,196 per ton in 2022, increasing by 19% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +5.3%. The growth pace was the most rapid in 2018 when the average import price increased by 19% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($8,301 per ton), while the price for Kazakhstan ($959 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Exports in Russia
In 2022, the amount of frozen fish exported from Russia rose sharply to 1.7M tons, with an increase of 11% against 2021. The total export volume increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years.
In value terms, frozen fish exports reduced sharply to $2.1B in 2022. Overall, exports, however, faced a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 8.3%. As a result, the exports attained the peak of $3B, and then contracted notably in the following year.
| Export of Frozen Fish in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 662 | 779 | 1,068 | 806 | 6.8% |
| Netherlands | 355 | 359 | 430 | 429 | 6.5% |
| China | 1,322 | 1,163 | 460 | 231 | -44.1% |
| Japan | 206 | 137 | 525 | 156 | -8.9% |
| Nigeria | 9.6 | 9.5 | 18.9 | 49.6 | 72.9% |
| Belarus | 43.9 | 46.4 | 57.2 | 45.1 | 0.9% |
| Ukraine | 36.2 | 34.2 | 34.5 | 34.0 | -2.1% |
| Others | 250 | 260 | 427 | 310 | 7.4% |
| Total | 2,886 | 2,788 | 3,020 | 2,060 | -10.6% |
Top Export Markets for Frozen Fish from Russia in 2022:
- South Korea (871.6K tons)
- China (270.4K tons)
- Netherlands (158.8K tons)
- Nigeria (103.3K tons)
- Belarus (57.6K tons)
- Japan (39.4K tons)
- Ukraine (31.5K tons)
Frozen Fish Imports in Russia
Frozen fish imports into Russia reduced to 343K tons in 2022, falling by -12.5% compared with 2021. Overall, imports showed a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 11%.
In value terms, frozen fish imports amounted to $1.1B in 2022. The total import value increased at an average annual rate of +2.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 20%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.
| Import of Frozen Fish in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Chile | 380 | 329 | 275 | 346 | -3.1% |
| Faroe Islands | 186 | 158 | 210 | 215 | 4.9% |
| Turkey | 39.6 | 64.4 | 146 | 139 | 52.0% |
| China | 172 | 108 | 118 | 104 | -15.4% |
| Argentina | 42.4 | 44.2 | 41.6 | 71.2 | 18.9% |
| Vietnam | 52.3 | 52.0 | 87.8 | 69.4 | 9.9% |
| South Korea | 7.7 | 5.3 | 5.6 | 19.1 | 35.4% |
| Thailand | 6.4 | 8.7 | 10.5 | 18.4 | 42.2% |
| Belarus | 5.4 | 9.5 | 21.1 | 18.4 | 50.5% |
| Ecuador | 12.8 | 14.9 | 23.8 | 16.6 | 9.1% |
| Greenland | 15.3 | 13.7 | 31.8 | 9.6 | -14.4% |
| Morocco | 10.2 | 14.3 | 10.6 | 9.3 | -3.0% |
| Kazakhstan | 4.5 | 6.0 | 8.8 | 5.0 | 3.6% |
| Others | 83.8 | 50.0 | 64.6 | 55.0 | -13.1% |
| Total | 1,019 | 879 | 1,055 | 1,095 | 2.4% |
Top Suppliers of Frozen Fish to Russia in 2022:
- Faroe Islands (135.1K tons)
- Chile (41.6K tons)
- Argentina (28.5K tons)
- Vietnam (25.0K tons)
- China (20.9K tons)
- Turkey (18.0K tons)
- South Korea (10.6K tons)
- Ecuador (8.6K tons)
- Belarus (7.3K tons)
- Greenland (7.1K tons)
- Thailand (6.7K tons)
- Morocco (6.1K tons)
- Kazakhstan (5.2K tons)
This report provides an in-depth analysis of the frozen fish 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 10201330 - Frozen whole salt water fish
- Prodcom 10201360 - Frozen whole fresh water fish
- Prodcom 10201400 - Frozen fish fillets
- Prodcom 10201500 - Frozen fish meat without bones (excluding fillets)
- Prodcom 10201600 - Frozen fish livers and roes
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
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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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