CIS: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in CIS

The CIS frozen atlantic halibut market reduced markedly to $X in 2020, falling by -X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by X% year-to-year. The level of consumption peaked at $X in 2019, and then declined notably in the following year.

Frozen Atlantic Halibut Production in CIS

In value terms, frozen atlantic halibut production contracted to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2011 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Production By Country in CIS

Russia (X tons) remains the largest frozen atlantic halibut producing country in the CIS, comprising approx. X% of total volume.

In Russia, frozen atlantic halibut production remained relatively stable over the period from 2007-2020.

Frozen Atlantic Halibut Exports

Exports in CIS

In 2020, the amount of frozen atlantic halibut exported in the CIS stood at X tons, surging by X% on 2019 figures. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% y-o-y. Over the period under review, exports reached the maximum at X tons in 2016; however, from 2017 to 2020, exports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut exports rose notably to $X in 2020. Over the period under review, exports continue to indicate a modest expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Russia (X tons) represented roughly X% of total exports of frozen atlantic halibut in 2020.

Russia experienced a relatively flat trend pattern with regard to volume of exports of frozen atlantic halibut. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest frozen atlantic halibut supplier in the CIS.

From 2007 to 2020, the average annual rate of growth in terms of value in Russia totaled +X%.

Export Prices by Country

In 2020, the frozen atlantic halibut export price in the CIS amounted to $X per ton, waning by -X% against the previous year. Export price indicated mild growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, frozen atlantic halibut export price decreased by -X% against 2018 indices. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Over the period under review, export prices hit record highs at $X per ton in 2018; however, from 2019 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2007 to 2020, the rate of growth in terms of prices for Russia amounted to +X% per year.

Frozen Atlantic Halibut Imports

Imports in CIS

Frozen atlantic halibut imports dropped remarkably to X tons in 2020, with a decrease of -X% compared with the previous year. Overall, imports saw a deep downturn. The pace of growth was the most pronounced in 2013 when imports increased by X% y-o-y. As a result, imports reached the peak of X tons. from 2014 to 2020, the growth imports failed to regain the momentum.

In value terms, frozen atlantic halibut imports declined remarkably to $X in 2020. Over the period under review, imports faced a deep setback. The growth pace was the most rapid in 2012 when imports increased by X% year-to-year. The level of import peaked at $X in 2013; however, from 2014 to 2020, imports failed to regain the momentum.

Imports by Country

Belarus dominates frozen atlantic halibut imports structure, resulting at X tons, which was approx. X% of total imports in 2020. It was distantly followed by Kazakhstan (X tons), constituting an X% share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen atlantic halibut imports into Belarus stood at +X%. At the same time, Kazakhstan (+X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +X% from 2007-2020. Belarus (+X p.p.) and Kazakhstan (+X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) constitutes the largest market for imported frozen atlantic halibut in the CIS, comprising X% of total imports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value in Belarus amounted to +X%.

Import Prices by Country

The frozen atlantic halibut import price in the CIS stood at $X per ton in 2020, reducing by -X% against the previous year. Over the last thirteen-year period, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. Over the period under review, import prices attained the maximum at $X per ton in 2019, and then reduced in the following year.

Average prices varied noticeably amongst the major importing countries. In 2020, the country with the highest price was Kazakhstan ($X per ton), while Belarus stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Kazakhstan.

Source: IndexBox Platform

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