Eastern Europe: Frozen Atlantic Halibut Market 2022

Frozen Atlantic Halibut Market Size in Eastern Europe

The East European frozen atlantic halibut market reduced sharply to $X in 2020, falling by -X% against the previous year. The total consumption indicated a modest increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, consumption increased by +X% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2019, and then dropped sharply in the following year.

Frozen Atlantic Halibut Production in Eastern Europe

In value terms, frozen atlantic halibut production declined to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2020, production failed to regain the momentum.

Production By Country in Eastern Europe

The country with the largest volume of frozen atlantic halibut production was Russia (X tons), accounting for X% of total volume. Moreover, frozen atlantic halibut production in Russia exceeded the figures recorded by the second-largest producer, Estonia (X tons), eightfold.

From 2007 to 2020, the average annual rate of growth in terms of volume in Russia was relatively modest.

Frozen Atlantic Halibut Exports

Exports in Eastern Europe

In 2020, approx. X tons of frozen atlantic halibut were exported in Eastern Europe; increasing by X% compared with the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, exports hit record highs at X tons in 2016; however, from 2017 to 2020, exports remained at a lower figure.

In value terms, frozen atlantic halibut exports reduced slightly to $X in 2020. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, exports reached the peak of $X. from 2019 to 2020, the growth exports remained at a somewhat lower figure.

Exports by Country

Russia represented the largest exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Estonia (X tons), generating a X% share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of frozen atlantic halibut. Estonia experienced a relatively flat trend pattern. From 2007 to 2020, the share of Russia and Estonia increased by +X% and +X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest frozen atlantic halibut supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of value in Russia amounted to +X%.

Export Prices by Country

In 2020, the frozen atlantic halibut export price in Eastern Europe amounted to $X per ton, with a decrease of -X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2011 when the export price increased by X% y-o-y. Over the period under review, export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2020, export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2020, the country with the highest price was Russia ($X per ton), while Estonia stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia.

Frozen Atlantic Halibut Imports

Imports in Eastern Europe

For the fourth consecutive year, Eastern Europe recorded decline in purchases abroad of frozen atlantic halibut, which decreased by -X% to X tons in 2020. Overall, imports recorded a mild setback. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. The volume of import peaked at X tons in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

In value terms, frozen atlantic halibut imports contracted dramatically to $X in 2020. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2020, imports remained at a lower figure.

Imports by Country

Poland dominates frozen atlantic halibut imports structure, resulting at X tons, which was near X% of total imports in 2020. Ukraine (X tons) occupied the second position in the ranking, followed by Belarus (X tons). All these countries together took approx. X% share of total imports. Latvia (X tons) and Lithuania (X tons) followed a long way behind the leaders.

Imports into Poland increased at an average annual rate of +X% from 2007 to 2020. At the same time, Belarus (+X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +X% from 2007-2020. Lithuania experienced a relatively flat trend pattern. By contrast, Latvia (-X%) and Ukraine (-X%) illustrated a downward trend over the same period. From 2007 to 2020, the share of Poland and Belarus increased by +X% and +X% percentage points, while Ukraine (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported frozen atlantic halibut in Eastern Europe, comprising X% of total imports. The second position in the ranking was occupied by Ukraine ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

In Poland, frozen atlantic halibut imports increased at an average annual rate of +X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Ukraine (-X% per year) and Belarus (+X% per year).

Import Prices by Country

In 2020, the frozen atlantic halibut import price in Eastern Europe amounted to $X per ton, dropping by -X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2019, and then fell significantly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Lithuania ($X per ton) and Belarus ($X per ton), while Latvia ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Lithuania, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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