CIS: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in CIS

In 2023, the CIS frozen fish fillet market was finally on the rise to reach $X for the first time since 2020, thus ending a two-year declining trend. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2023, consumption stood at a somewhat lower figure.

Frozen Fish Fillet Production in CIS

In value terms, frozen fish fillet production shrank to $X in 2023 estimated in export price. The total production indicated a buoyant expansion 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2023.

Frozen Fish Fillet Exports

Exports in CIS

In 2023, after two years of growth, there was significant decline in overseas shipments of frozen fish fillet, when their volume decreased by X% to X tons. Total exports indicated a resilient expansion from 2012 to 2023: its volume 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then reduced in the following year.

In value terms, frozen fish fillet exports contracted sharply to $X in 2023. Total exports indicated prominent growth 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell rapidly in the following year.

Exports by Country

Russia prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2023. It was distantly followed by Kazakhstan (X tons), generating a X% share of total exports.

Russia was also the fastest-growing in terms of the frozen fish fillet exports, with a CAGR of X% from 2012 to 2023. At the same time, Kazakhstan (X%) displayed positive paces of growth. Russia (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 value terms, Russia ($X) remains the largest frozen fish fillet supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

In Russia, frozen fish fillet exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then reduced in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while Russia totaled $X per ton.

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

Frozen Fish Fillet Imports

Imports in CIS

In 2023, imports of frozen fish fillet in the CIS totaled X tons, growing by X% on 2022. In general, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, frozen fish fillet imports amounted to $X in 2023. Overall, imports, however, saw a noticeable downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2023, imports remained at a lower figure.

Imports by Country

Russia represented the largest importer of frozen fish fillet in the CIS, with the volume of imports amounting to X tons, which was near X% of total imports in 2023. Belarus (X tons) held the second position in the ranking, followed by Moldova (X tons) and Kazakhstan (X tons). All these countries together took approx. X% share of total imports. Uzbekistan (X tons) followed a long way behind the leaders.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Uzbekistan (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. Kazakhstan experienced a relatively flat trend pattern. By contrast, Belarus (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Russia, Moldova, Kazakhstan and Uzbekistan increased by X, X, X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported frozen fish fillet in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with a X% share of total imports. It was followed by Moldova, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Moldova (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, which is down by X% against the previous year. Import price indicated a slight increase from 2012 to 2023: its price 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, frozen fish fillet import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

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

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

Source: IndexBox Platform