Eastern Europe: Market for Fresh Or Chilled Anchovies 2024

Market Size for Fresh Or Chilled Anchovies in Eastern Europe

The East European fresh or chilled anchovies market skyrocketed to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, saw significant growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Fresh Or Chilled Anchovies in Eastern Europe

In value terms, fresh or chilled anchovies production skyrocketed to $X in 2022 estimated in export price. In general, production, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by X,083%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Fresh Or Chilled Anchovies

Exports in Eastern Europe

For the third consecutive year, Eastern Europe recorded growth in overseas shipments of fresh or chilled anchovieses, which increased by X% to X tons in 2022. In general, exports, however, saw a abrupt contraction. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, fresh or chilled anchovies exports soared to $X in 2022. Overall, exports enjoyed a notable expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the one major exporters of fresh or chilled anchovieses, namely Bulgaria, represented more than two-thirds of total export.

Bulgaria was also the fastest-growing in terms of the fresh or chilled anchovieses exports, with a CAGR of X% from 2012 to 2022. Bulgaria (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In Bulgaria, fresh or chilled anchovies exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the export price saw significant growth. The pace of growth was the most pronounced in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Bulgaria amounted to X% per year.

Imports of Fresh Or Chilled Anchovies

Imports in Eastern Europe

In 2022, fresh or chilled anchovies imports in Eastern Europe fell sharply to X tons, which is down by X% on the previous year's figure. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, fresh or chilled anchovies imports shrank markedly to $X in 2022. Overall, imports, however, showed pronounced growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Romania prevails in imports structure, finishing at X tons, which was near X% of total imports in 2022. The Czech Republic (X tons) took the second position in the ranking, followed by Bulgaria (X tons). All these countries together took near X% share of total imports. Ukraine (X kg) took a minor share of total imports.

Romania experienced a relatively flat trend pattern with regard to volume of imports of fresh or chilled anchovieses. At the same time, Ukraine (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Bulgaria (X%) illustrated a downward trend over the same period. While the share of Romania (X p.p.), the Czech Republic (X p.p.) and Ukraine (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bulgaria (X p.p.) displayed negative dynamics.

In value terms, Romania ($X), the Czech Republic ($X) and Bulgaria ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Ukraine lagged somewhat behind, comprising a further X%.

Ukraine, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 ($X per ton), while Romania ($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 (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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