Ukraine - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Ukraine - Frozen Fish - Market Analysis, Forecast, Size, Trends and Insights

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Frozen Fish Price in Ukraine - 2023

Contents:

  1. Frozen Fish Price in Ukraine (CIF) - 2022
  2. Frozen Fish Price in Ukraine (FOB) - 2022
  3. Frozen Fish Imports in Ukraine
  4. Frozen Fish Exports in Ukraine

Frozen Fish Price in Ukraine (CIF) - 2022

In 2022, the average frozen fish import price amounted to $1,664 per ton, surging by 4.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2013 an increase of 19%. As a result, import price attained the peak level of $1,748 per ton; afterwards, it flattened through to 2022.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($2,896 per ton), while the price for Latvia ($588 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Frozen Fish Price in Ukraine (FOB) - 2022

In 2022, the average frozen fish export price amounted to $7,565 per ton, with an increase of 8.3% against the previous year. Over the period under review, the export price saw prominent growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 106% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($14,599 per ton), while the average price for exports to Moldova ($1,194 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 Belarus (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Fish Imports in Ukraine

In 2022, the amount of frozen fish imported into Ukraine declined dramatically to 252K tons, with a decrease of -21.2% compared with the previous year. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 4.5% against the previous year. As a result, imports attained the peak of 320K tons, and then declined significantly in the following year.

In value terms, frozen fish imports fell markedly to $420M in 2022. In general, imports recorded a slight slump. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. As a result, imports attained the peak of $511M, and then declined sharply in the following year.

Import of Frozen Fish in Ukraine (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Norway73.671.297.380.32.9%
Iceland89.078.698.071.1-7.2%
United States60.669.665.654.2-3.7%
Faroe Islands13.421.019.030.030.8%
Spain28.527.832.223.7-6.0%
Canada27.828.027.123.4-5.6%
United Kingdom21.423.038.522.21.2%
Estonia12.814.117.118.212.4%
Latvia5.35.77.07.713.3%
Others10796.010989.0-6.0%
Total439435511420-1.5%

Top Suppliers of Frozen Fish to Ukraine in 2022:

  1. Iceland (44.9K tons)
  2. Norway (41.2K tons)
  3. Estonia (30.7K tons)
  4. United States (21.3K tons)
  5. Faroe Islands (17.4K tons)
  6. Latvia (13.1K tons)
  7. Canada (12.9K tons)
  8. Spain (11.8K tons)
  9. United Kingdom (11.6K tons)

Frozen Fish Exports in Ukraine

In 2022, after three years of growth, there was significant decline in shipments abroad of frozen fish, when their volume decreased by -24.2% to 4.2K tons. The total export volume increased at an average annual rate of +1.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 32%. As a result, the exports attained the peak of 5.6K tons, and then dropped notably in the following year.

In value terms, frozen fish exports fell remarkably to $32M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +33.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, the exports attained the peak of $39M, and then shrank rapidly in the following year.

Export of Frozen Fish in Ukraine (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/A0.17.87.9788.8%
Germany7.58.913.47.1-1.8%
JapanN/A4.73.55.36.2%
Denmark7.55.86.62.6-29.8%
Netherlands1.01.21.92.535.7%
Lithuania0.42.00.82.276.5%
Hungary1.01.01.31.39.1%
Moldova0.40.30.10.1-37.0%
France4.11.41.90.1-71.0%
Others2.01.51.62.710.5%
Total23.827.038.931.910.3%

Top Export Markets for Frozen Fish from Ukraine in 2022:

  1. Germany (978.6 tons)
  2. Denmark (592.8 tons)
  3. United States (543.6 tons)
  4. Lithuania (422.5 tons)
  5. Japan (365.1 tons)
  6. Netherlands (362.7 tons)
  7. Hungary (346.4 tons)
  8. Moldova (81.1 tons)
  9. France (11.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the frozen fish market in Ukraine. 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:

  • Ukraine

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Ukraine
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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