CIS: Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size in CIS

The CIS frozen crustaceans market expanded slightly to $X in 2023, growing by X% against the previous year. The total consumption indicated a mild increase from 2012 to 2023: its value 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, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Frozen Crustaceans Production in CIS

In value terms, frozen crustaceans production stood at $X in 2023 estimated in export price. The total production indicated a measured expansion from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

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Frozen Crustaceans Exports

Exports in CIS

Frozen crustaceans exports surged to X tons in 2023, picking up by X% compared with 2022. The total export volume 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen crustaceans exports totaled $X in 2023. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Russia (X tons) represented roughly X% of total exports in 2023.

Russia was also the fastest-growing in terms of the frozen crustaceans exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in Russia totaled X%.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, posted a remarkable increase. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices failed to regain momentum.

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

From 2012 to 2023, the rate of growth in terms of prices for Russia amounted to X% per year.

Frozen Crustaceans Imports

Imports in CIS

In 2023, frozen crustaceans imports in the CIS skyrocketed to X tons, growing by X% on 2022 figures. In general, imports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, frozen crustaceans imports expanded sharply to $X in 2023. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, reaching X tons, which was approx. X% of total imports in 2023. Belarus (X tons) and Kazakhstan (X tons) took a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to frozen crustaceans imports into Russia 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 2012-2023. By contrast, Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Belarus decreased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in Russia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, reducing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Belarus ($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 more modest paces of growth.

Source: IndexBox Platform