CIS: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in CIS

The CIS fresh fish fillet market was estimated at $X in 2023, therefore, remained relatively stable against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2021; afterwards, it flattened through to 2023.

Fresh Fish Fillet Production in CIS

In value terms, fresh fish fillet production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of production peaked at $X in 2021; afterwards, it flattened through to 2023.

Fresh Fish Fillet Exports

Exports in CIS

After two years of growth, shipments abroad of fresh or chilled fish fillets decreased by X% to X tons in 2023. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then declined rapidly in the following year.

In value terms, fresh fish fillet exports declined rapidly to $X in 2023. Over the period under review, exports, however, continue to indicate a moderate expansion. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank dramatically in the following year.

Exports by Country

Russia was the largest exporting country with an export of around X tons, which reached X% of total exports. Kazakhstan (X tons) held the second position in the ranking, followed by Armenia (X tons). All these countries together took near X% share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of fresh or chilled fish fillets. At the same time, Armenia (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. While the share of Armenia (X p.p.) and Kazakhstan (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest fresh fish fillet supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Armenia ($X), with an X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Armenia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, reducing by X% against the previous year. Export price indicated a notable increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, fresh fish fillet export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank markedly in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Fresh Fish Fillet Imports

Imports in CIS

In 2023, purchases abroad of fresh or chilled fish fillets decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a slight descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, fresh fish fillet imports declined to $X in 2023. In general, imports, however, enjoyed a measured expansion. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then declined in the following year.

Imports by Country

Russia (X tons), Belarus (X tons) and Moldova (X tons) represented roughly X% of total imports in 2023.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belarus (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Moldova ($X), Belarus ($X) and Russia ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

Among the main importing countries, Moldova, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, picking up by X% against the previous year. Import price indicated a temperate expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, fresh fish fillet import price increased by X% against 2021 indices. The pace of growth was the most pronounced in 2022 when the import price increased by X%. The level of import peaked in 2023 and is likely to continue growth in the near future.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform