Russian Federation: Fresh Fish Fillet Market 2024

Fresh Fish Fillet Market Size in the Russian Federation

The Russian fresh fish fillet market declined slightly to $X in 2023, which is down by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2023, consumption stood at a somewhat lower figure.

Fresh Fish Fillet Production in the Russian Federation

In value terms, fresh fish fillet production reduced slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Fresh Fish Fillet Exports

Exports from the Russian Federation

In 2023, after three years of growth, there was significant decline in shipments abroad of fresh or chilled fish fillets, when their volume decreased by X% to X tons. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X tons in 2022, and then contracted in the following year.

In value terms, fresh fish fillet exports reduced to $X in 2023. In general, total exports indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X%. The exports peaked at $X in 2022, and then contracted in the following year.

Exports by Country

Estonia (X tons), Poland (X tons) and Slovakia (X tons) were the main destinations of fresh fish fillet exports from Russia, with a combined X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Poland ($X) and Slovakia ($X) constituted the largest markets for fresh fish fillet exported from Russia worldwide, with a combined X% share of total exports.

Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fresh fish fillet export price stood at $X per ton in 2023, reducing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2022, and then dropped slightly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Fresh Fish Fillet Imports

Imports into the Russian Federation

In 2023, purchases abroad of fresh or chilled fish fillets decreased by X% to X tons for the first time since 2017, thus ending a five-year rising trend. In general, imports showed a deep reduction. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, fresh fish fillet imports fell dramatically to $X in 2023. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Armenia (X tons) constituted the largest supplier of fresh fish fillet to Russia, accounting for a X% share of total imports. Moreover, fresh fish fillet imports from Armenia exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Armenia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Norway (X% per year).

In value terms, Armenia ($X) constituted the largest supplier of fresh or chilled fish fillets to Russia, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Armenia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Norway (X% per year).

Import Prices by Country

The average fresh fish fillet import price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Norway ($X per ton), while the price for Armenia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform