CIS: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in CIS

The CIS preserved anchovies market stood at $X in 2023, surging by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked in 2023 and is likely to continue growth in years to come.

Preserved Anchovies Production in CIS

In value terms, preserved anchovies production rose to $X in 2023 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Preserved Anchovies Exports

Exports in CIS

In 2023, shipments abroad of anchovies (prepared or preserved) increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, preserved anchovies exports soared to $X in 2023. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Russia was the key exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by Belarus (X tons), achieving a X% share of total exports.

Russia was also the fastest-growing in terms of the anchovies (prepared or preserved) exports, with a CAGR of X% from 2012 to 2023. At the same time, Belarus (X%) displayed positive paces of growth. Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Russia ($X) remains the largest preserved anchovies supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia totaled X%.

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price saw a pronounced decline. The pace of growth was the most pronounced in 2022 an increase of X%. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Russia stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Belarus (X%).

Preserved Anchovies Imports

Imports in CIS

In 2023, approx. X tons of anchovies (prepared or preserved) were imported in the CIS; rising by X% against 2022 figures. Over the period under review, imports posted strong growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, preserved anchovies imports soared to $X in 2023. Total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of import peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, resulting at X tons, which was near X% of total imports in 2023. Belarus (X tons) took the second position in the ranking, followed by Kazakhstan (X tons). All these countries together held approx. X% share of total imports. The following importers - Azerbaijan (X tons), Moldova (X tons) and Uzbekistan (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to preserved anchovies imports into Russia stood at X%. At the same time, Uzbekistan (X%), Belarus (X%), Azerbaijan (X%), Kazakhstan (X%) and Moldova (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. While the share of Belarus (X p.p.), Azerbaijan (X p.p.), Kazakhstan (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported anchovies (prepared or preserved) in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

In Russia, preserved anchovies imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, declining by X% against the previous year. Overall, the import price, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Azerbaijan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform