Russian Federation - Frozen Fish Fillet - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFrozen Fish Fillet Price in Russia - 2022
Contents:
- Frozen Fish Fillet Price in Russia (FOB) - 2022
- Frozen Fish Fillet Price in Russia (CIF) - 2022
- Frozen Fish Fillet Exports in Russia
- Frozen Fish Fillet Imports in Russia
Frozen Fish Fillet Price in Russia (FOB) - 2022
The average frozen fish fillet export price stood at $3,919 per ton in January 2022, waning by -11.8% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2021 an increase of 21% m-o-m. The export price peaked at $5,438 per ton in October 2021; however, from November 2021 to January 2022, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($7,151 per ton), while the average price for exports to South Korea ($3,069 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Fish Fillet Price in Russia (CIF) - 2022
The average frozen fish fillet import price stood at $4,372 per ton in January 2022, reducing by -19.2% against the previous month. In general, import price indicated a modest expansion from January 2021 to January 2022: its price increased at an average monthly rate of +1.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2022 figures, frozen fish fillet import price decreased by -19.2% against December 2021 indices. The growth pace was the most rapid in August 2021 an increase of 26% m-o-m. Over the period under review, average import prices attained the peak figure at $5,413 per ton in December 2021, and then fell sharply in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($10,881 per ton), while the price for Ecuador ($2,354 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Faroe Islands (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Fish Fillet Exports in Russia
In 2022, shipments abroad of frozen fish fillet decreased by -30.2% to 87K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, the exports attained the peak of 125K tons, and then declined remarkably in the following year.
In value terms, frozen fish fillet exports shrank sharply to $330M in 2022. In general, exports showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, the exports reached the peak of $564M, and then contracted notably in the following year.
| Export of Frozen Fish Fillet in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 88.0 | 101 | 137 | 148 | 18.9% |
| Netherlands | 131 | 158 | 208 | 86.5 | -12.9% |
| United Kingdom | 36.4 | 39.3 | 47.2 | 19.9 | -18.2% |
| Lithuania | 27.4 | 20.1 | 21.0 | 19.0 | -11.5% |
| Germany | 39.5 | 35.2 | 64.4 | 15.4 | -26.9% |
| France | 7.8 | 10.2 | 16.7 | 14.3 | 22.4% |
| Belarus | 6.2 | 6.4 | 9.0 | 11.1 | 21.4% |
| Others | 32.6 | 31.3 | 60.3 | 15.6 | -21.8% |
| Total | 369 | 402 | 564 | 330 | -3.7% |
Top Export Markets for Frozen Fish Fillet from Russia in 2022:
- South Korea (44.4K tons)
- Netherlands (13.9K tons)
- United Kingdom (6.0K tons)
- Belarus (5.7K tons)
- Germany (5.0K tons)
- France (3.8K tons)
- Lithuania (2.8K tons)
Frozen Fish Fillet Imports in Russia
In 2022, approx. 37K tons of frozen fish fillet were imported into Russia; shrinking by -6.1% on the previous year's figure. The total import volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 25%. As a result, imports attained the peak of 40K tons, and then dropped in the following year.
In value terms, frozen fish fillet imports surged to $171M in 2022. The total import value increased at an average annual rate of +5.3% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Frozen Fish Fillet in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 61.7 | 38.4 | 55.5 | 59.2 | -1.4% |
| Vietnam | 26.8 | 24.6 | 38.5 | 54.0 | 26.3% |
| Chile | 39.3 | 34.6 | 30.3 | 31.6 | -7.0% |
| Argentina | 7.0 | 5.9 | 8.0 | 15.2 | 29.5% |
| Faroe Islands | 1.0 | 0.5 | 1.7 | 4.3 | 62.6% |
| Ecuador | 0.6 | 1.3 | 0.9 | 1.6 | 38.7% |
| Others | 10.3 | 8.7 | 9.9 | 5.3 | -19.9% |
| Total | 147 | 114 | 145 | 171 | 5.2% |
Top Suppliers of Frozen Fish Fillet to Russia in 2022:
- Vietnam (17.8K tons)
- China (10.2K tons)
- Argentina (4.8K tons)
- Chile (2.8K tons)
- Faroe Islands (0.7K tons)
- Ecuador (0.7K tons)
This report provides an in-depth analysis of the frozen fish fillet market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10201400 - Frozen fish fillets
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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