CIS: Preserved Herring Market 2024

Preserved Herring Market Size in CIS

The CIS preserved herring market fell modestly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Preserved Herring Production in CIS

In value terms, preserved herring production dropped slightly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Preserved Herring Exports

Exports in CIS

After six years of growth, overseas shipments of herrings (prepared or preserved) decreased by X% to X tons in 2022. Overall, exports showed a deep slump. The growth pace was the most rapid in 2018 with an increase of X%. The volume of export peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, preserved herring exports reduced notably to $X in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Belarus was the largest exporter of herrings (prepared or preserved) in the CIS, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Russia (X tons), comprising a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Russia (with a CAGR of X%).

In value terms, Belarus ($X) and Russia ($X) were the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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

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

Preserved Herring Imports

Imports in CIS

In 2022, after six years of growth, there was significant decline in supplies from abroad of herrings (prepared or preserved), when their volume decreased by X% to X tons. Over the period under review, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then reduced dramatically in the following year.

In value terms, preserved herring imports fell significantly to $X in 2022. In general, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank remarkably in the following year.

Imports by Country

Kazakhstan represented the key importing country with an import of about X tons, which accounted for X% of total imports. Belarus (X tons) took the second position in the ranking, distantly followed by Uzbekistan (X tons), Moldova (X tons) and Azerbaijan (X tons). All these countries together held approx. X% share of total imports. Kyrgyzstan (X tons) and Armenia (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to preserved herring imports into Kazakhstan stood at X%. At the same time, Belarus (X%), Uzbekistan (X%), Moldova (X%), Armenia (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Kyrgyzstan (X%) illustrated a downward trend over the same period. Kazakhstan (X p.p.), Belarus (X p.p.), Uzbekistan (X p.p.), Moldova (X p.p.), Azerbaijan (X p.p.), Kyrgyzstan (X p.p.) and Armenia (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, Kazakhstan ($X) constitutes the largest market for imported herrings (prepared or preserved) in the CIS, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports. It was followed by Uzbekistan, with a X% share.

In Kazakhstan, preserved herring imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, reducing by X% against the previous year. In general, the import price recorded a pronounced reduction. The pace of growth was the most pronounced in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Moldova ($X per ton), while Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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