Eastern Europe: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Eastern Europe

The East European preserved anchovies market was estimated at $X in 2022, growing by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Preserved Anchovies Production in Eastern Europe

In value terms, preserved anchovies production stood at $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Preserved Anchovies Exports

Exports in Eastern Europe

In 2022, the amount of anchovies (prepared or preserved) exported in Eastern Europe dropped significantly to X tons, waning by X% compared with the previous year. Overall, exports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, preserved anchovies exports contracted dramatically to $X in 2022. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bulgaria prevails in exports structure, amounting to X tons, which was near X% of total exports in 2022. It was distantly followed by Ukraine (X tons) and Romania (X tons), together making up a X% share of total exports. The following exporters - Lithuania (X tons), the Czech Republic (X tons), Poland (X tons) and Russia (X tons) - together made up X% of total exports.

Bulgaria was also the fastest-growing in terms of the anchovies (prepared or preserved) exports, with a CAGR of X% from 2012 to 2022. At the same time, Romania (X%), Russia (X%) and Poland (X%) displayed positive paces of growth. By contrast, Lithuania (X%), Ukraine (X%) and the Czech Republic (X%) illustrated a downward trend over the same period. Bulgaria (X p.p.), Romania (X p.p.) and Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Lithuania, Ukraine and the Czech Republic saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X) remains the largest preserved anchovies supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Lithuania ($X), with an X% share of total exports. It was followed by Romania, with an X% share.

In Bulgaria, preserved anchovies exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Lithuania (X% per year) and Romania (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Preserved Anchovies Imports

Imports in Eastern Europe

In 2022, overseas purchases of anchovies (prepared or preserved) decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, imports recorded a mild reduction. The growth pace was the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2021, and then plummeted in the following year.

In value terms, preserved anchovies imports declined to $X in 2022. Total imports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, Russia (X tons) and Ukraine (X tons) were the major importers of anchovies (prepared or preserved) in Eastern Europe, together making up X% of total imports. Romania (X tons) held the next position in the ranking, followed by Poland (X tons) and the Czech Republic (X tons). All these countries together held approx. X% share of total imports. The following importers - Slovakia (X tons) and Lithuania (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Lithuania (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported anchovies (prepared or preserved) in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Romania (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, preserved anchovies import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Slovakia ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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