CIS: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in CIS

The CIS market for caviar (salmon) and caviar substitutes contracted to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Caviar (Salmon) And Caviar Substitutes in CIS

In value terms, caviar (salmon) and caviar substitutes production reduced modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports in CIS

In 2022, caviar (salmon) and caviar substitutes exports in the CIS declined sharply to X tons, shrinking by X% compared with the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, caviar (salmon) and caviar substitutes exports contracted to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell in the following year.

Exports by Country

In 2022, Belarus (X tons) represented the major exporter of caviar (salmon) and caviar substitutes, comprising X% of total exports. Russia (X tons) took the second position in the ranking, distantly followed by Kazakhstan (X tons). All these countries together took approx. X% share of total exports.

Belarus experienced a relatively flat trend pattern with regard to volume of exports of caviar (salmon) and caviar substitutes. At the same time, Russia (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. While the share of Kazakhstan (X p.p.) and Russia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (X p.p.) displayed negative dynamics.

In value terms, Belarus ($X) remains the largest caviar (salmon) and caviar substitutes supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Belarus was relatively modest. In the other countries, the average annual rates were as follows: Russia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, surging by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (X%).

Imports of Caviar (Salmon) And Caviar Substitutes

Imports in CIS

In 2022, overseas purchases of caviar (salmon) and caviar substitutes decreased by X% to X tons, falling for the third year in a row after four years of growth. Over the period under review, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, caviar (salmon) and caviar substitutes imports dropped rapidly to $X in 2022. Overall, imports, however, showed strong growth. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

Russia prevails in imports structure, resulting at X tons, which was near X% of total imports in 2022. Kazakhstan (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the caviar (salmon) and caviar substitutes imports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%) displayed positive paces of growth. While the share of Russia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) constitutes the largest market for imported caviar (salmon) and caviar substitutes in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Russia amounted to X%.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, surging by X% against the previous year. Overall, the import price, however, recorded a perceptible descent. The pace of growth was the most pronounced in 2020 an increase of X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%).

Source: IndexBox Platform

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