CIS: Market for Herring, Salted Or In Brine 2024

Market Size for Herring, Salted Or In Brine in CIS

The CIS market for herring, salted or in brine declined to $X in 2022, with a decrease of -12.1% against the previous year. In general, consumption showed a pronounced decline. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Herring, Salted Or In Brine in CIS

In value terms, herring, salted or in brine production declined to $X in 2022 estimated in export price. In general, production saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 31% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Herring, Salted Or In Brine

Exports in CIS

In 2022, shipments abroad of herring, salted or in brine increased by 281% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, herring, salted or in brine exports skyrocketed to $X in 2022. Overall, exports posted a resilient increase. The growth pace was the most rapid in 2019 when exports increased by 342% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Belarus prevails in exports structure, accounting for X tons, which was near 96% of total exports in 2022. Russia (X tons) followed a long way behind the leaders.

Belarus was also the fastest-growing in terms of the herring, salted or in brine exports, with a CAGR of +54.2% from 2012 to 2022. Russia (-11.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus increased by +88 percentage points.

In value terms, Belarus ($X) remains the largest herring, salted or in brine supplier in the CIS, comprising 94% of total exports. The second position in the ranking was taken by Russia ($X), with a 5.8% share of total exports.

In Belarus, herring, salted or in brine exports increased at an average annual rate of +42.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, dropping by -20.7% against the previous year. Overall, the export price continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2017 an increase of 32%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-1.0%).

Imports of Herring, Salted Or In Brine

Imports in CIS

In 2022, imports of herring, salted or in brine in the CIS contracted markedly to X tons, waning by -32% on 2021. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2017 when imports increased by 355%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, herring, salted or in brine imports fell rapidly to $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2017 with an increase of 273% against the previous year. The level of import peaked at $X in 2021, and then dropped markedly in the following year.

Imports by Country

Russia dominates imports structure, accounting for X tons, which was near 92% of total imports in 2022. Belarus (X tons) and Moldova (X tons) took a little share of total imports.

Russia was also the fastest-growing in terms of the herring, salted or in brine imports, with a CAGR of +35.3% from 2012 to 2022. At the same time, Belarus (+10.9%) and Moldova (+4.2%) displayed positive paces of growth. Russia (+64 p.p.) significantly strengthened its position in terms of the total imports, while Belarus and Moldova saw its share reduced by -4.1% and -6.2% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported herring, salted or in brine in the CIS, comprising 92% of total imports. The second position in the ranking was taken by Belarus ($X), with a 3.4% share of total imports.

In Russia, herring, salted or in brine imports expanded at an average annual rate of +32.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (+8.5% per year) and Moldova (+0.9% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, approximately reflecting the previous year. Overall, the import price showed a noticeable descent. The most prominent rate of growth was recorded in 2016 an increase of 17% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Belarus ($X per ton), while Moldova ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-1.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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