Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Russia - 2022

Contents:

  1. Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Russia (CIF) - 2022
  2. Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Russia (FOB) - 2022
  3. Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Russia
  4. Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Russia

Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Russia (CIF) - 2022

In 2022, the average import price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s amounted to $2,684 per ton, remaining stable against the previous year. In general, the import price, however, showed a mild setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 18% against the previous year. The import price peaked at $3,040 per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Argentina ($2,691 per ton), while the price for China totaled $2,449 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.

Price for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Russia (FOB) - 2022

The average export price for fish fillets; frozen, hake (merluccius spp., urophycis spp.)s stood at $3,241 per ton in 2022, reducing by -4.3% against the previous year. Over the period under review, the export price showed a mild curtailment. The pace of growth was the most pronounced in 2017 an increase of 34%. Over the period under review, the average export prices attained the peak figure at $4,207 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($3,547 per ton), while the average price for exports to Kazakhstan ($2,076 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 Ukraine (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Russia

Imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s into Russia fell to 3.9K tons in 2022, declining by -8.2% compared with 2021. The total import volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, imports attained the peak of 4.3K tons, and then dropped in the following year.

In value terms, imports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s contracted to $11M in 2022. Over the period under review, imports saw a mild reduction. The pace of growth appeared the most rapid in 2021 with an increase of 18%. As a result, imports attained the peak of $11M, and then contracted in the following year.

Import of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Russia (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Argentina6.85.87.610.314.8%
China1.22.22.10.3-37.0%
Ecuador0.50.7N/AN/A40.0%
Peru2.70.91.7N/A-20.7%
OthersN/AN/A0.1N/A0%
Total11.29.711.410.6-1.8%

Top Suppliers of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) to Russia in 2022:

  1. Argentina (3.8K tons)
  2. China (0.1K tons)

Exports of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Russia

In 2022, overseas shipments of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s decreased by -9.9% to 293 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 202%.

In value terms, exports of fish fillets; frozen, hake (merluccius spp., urophycis spp.)s fell to $951K in 2022. In general, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 133%.

Export of Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) in Russia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Belarus24760987470241.6%
Ukraine61.712512622052.8%
Kazakhstan30.861.910228.4-2.7%
Others2.13.11.8N/A-7.4%
Total3427981,10495140.6%

Top Export Markets for Fish Fillets; Frozen, Hake (Merluccius Spp., Urophycis Spp.) from Russia in 2022:

  1. Belarus (198.0 tons)
  2. Ukraine (81.8 tons)
  3. Kazakhstan (13.7 tons)

Source: IndexBox Market Intelligence Platform

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