Eastern Europe: Market for Fish Fillets and Other Fish Meat 2024

Market Size for Fish Fillets and Other Fish Meat in Eastern Europe

In 2022, the East European market for fish fillets and other fish meat increased by 32% to $X, rising for the third year in a row after two years of decline. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +116.7% against 2019 indices. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Fish Fillets and Other Fish Meat in Eastern Europe

In value terms, production of fish fillets and other fish meat expanded markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a remarkable increase. The growth pace was the most rapid in 2016 when the production volume increased by 31%. Over the period under review, production of reached the peak level in 2022 and is likely to see steady growth in the immediate term.

Exports of Fish Fillets and Other Fish Meat

Exports in Eastern Europe

In 2022, exports of fish fillets and other fish meat in Eastern Europe contracted to X tons, waning by -6.7% on the previous year's figure. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 39%. 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, exports of fish fillets and other fish meat expanded to $X in 2022. Overall, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 46% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) and Poland (X tons) prevails in meat structure, together mixing up 80% of total exports. It was distantly followed by Lithuania (X tons), mixing up a 9.7% share of total exports. The following exporters - Latvia (X tons), Estonia (X tons) and the Czech Republic (X tons) - together made up 8% of total exports.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +10.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Lithuania ($X) were the countries with the highest levels of exports in 2022, with a combined 87% share of total exports.

Russia, with a CAGR of +11.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, with an increase of 10% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2014 when the export price increased by 10%. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.9%), while the other leaders experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports in Eastern Europe

Imports of fish fillets and other fish meat declined to X tons in 2022, falling by -3.1% against 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 10%. As a result, imports reached the peak of X tons, and then contracted modestly in the following year.

In value terms, imports of fish fillets and other fish meat expanded notably to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +30.4% against 2018 indices. The pace of growth was the most pronounced in 2018 with an increase of 23%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland was the key importing country with an import of about X tons, which finished at 43% of total imports. Russia (X tons) held a 15% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (11%), Lithuania (7.2%), Ukraine (6.2%) and the Czech Republic (5.8%). Romania (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fish fillets and other fish meat imports into Poland stood at +1.8%. At the same time, Belarus (+7.6%), Romania (+4.6%), the Czech Republic (+3.2%) and Lithuania (+1.7%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +7.6% from 2012-2022. By contrast, Ukraine (-3.5%) and Russia (-5.4%) illustrated a downward trend over the same period. While the share of Poland (+5.4 p.p.) and Belarus (+5.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ukraine (-3.1 p.p.) and Russia (-12.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported fish fillets and other fish meat in Eastern Europe, comprising 47% of total imports. The second position in the ranking was held by Russia ($X), with a 12% share of total imports. It was followed by the Czech Republic, with an 8.8% share.

In Poland, imports of fish fillets and other fish meat expanded at an average annual rate of +5.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (-3.9% per year) and the Czech Republic (+9.0% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, picking up by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2018 when the import price increased by 13% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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