Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Belarus - 2022

Contents:

1. Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Belarus (CIF) - 2022
2. Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Belarus (FOB) - 2022
3. Imports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Belarus
4. Exports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Belarus

Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Belarus (CIF) - 2022

In March 2022, the average import price for fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s amounted to $1,730 per ton, approximately reflecting the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2021 when the average import price increased by 7.9% against the previous month. The import price peaked at $1,802 per ton in November 2021; however, from December 2021 to March 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was Norway ($1,753 per ton), while the price for Russia ($1,577 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 Norway (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Belarus (FOB) - 2022

The average export price for fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s stood at $4,238 per ton in 2022, increasing by 8.4% against the previous year. Over the period under review, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($5,005 per ton), while the average price for exports to the United Arab Emirates totaled $3,458 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Belarus

For the fourth consecutive year, Belarus recorded growth in supplies from abroad of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s, which increased by 4.1% to 30K tons in 2022. The total import volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, imports of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s rose remarkably to $54M in 2022. Overall, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.

Top Suppliers of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) to Belarus in 2022:

1. Norway (22.4K tons)
2. Iceland (7.3K tons)

Exports of Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) in Belarus

Exports of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s from Belarus dropped rapidly to 43 tons in 2022, with a decrease of -48.4% compared with the previous year's figure. Overall, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2021 when exports increased by 6.8%.

In value terms, exports of fish fillets; frozen, herrings (clupea harengus, clupea pallasii)s reduced rapidly to $183K in 2022. Over the period under review, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when exports increased by 21%.

Top Export Markets for Fish Fillets; Frozen, Herrings (Clupea Harengus, Clupea Pallasii) from Belarus in 2022:

1. United Arab Emirates (24.1 tons)
2. Canada (18.9 tons)

Source: IndexBox Market Intelligence Platform