Eastern Europe: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Eastern Europe

The East European market for frozen, dried and smoked fish rose significantly to $X in 2023, with an increase of 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 in certain years. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Frozen, Dried And Smoked Fish in Eastern Europe

In value terms, frozen, dried and smoked fish production expanded significantly to $X in 2023 estimated in export price. The total production indicated a moderate 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production growth remained at a lower figure.

Exports of Frozen, Dried And Smoked Fish

Exports in Eastern Europe

In 2023, approx. X tons of frozen, dried and smoked fish were exported in Eastern Europe; with a decrease of X% against the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2022 when exports increased by X%. As a result, the exports attained the peak of X tons, and then dropped in the following year.

In value terms, frozen, dried and smoked fish exports contracted modestly to $X in 2023. Total exports indicated a tangible 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 2020 indices. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2022, and then fell slightly in the following year.

Exports by Country

Russia prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2023. It was distantly followed by Poland (X tons), generating a X% share of total exports. Estonia (X tons), Lithuania (X tons) and Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to frozen, dried and smoked fish exports from Russia stood at X%. At the same time, Poland (X%), Lithuania (X%) and Latvia (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Estonia (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Estonia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest frozen, dried and smoked fish supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

In Russia, frozen, dried and smoked fish exports 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: Poland (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked in 2023 and is likely to see steady growth in years to come.

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 Poland ($X per ton), while Estonia ($X per ton) was amongst the lowest.

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

Imports of Frozen, Dried And Smoked Fish

Imports in Eastern Europe

Frozen, dried and smoked fish imports rose remarkably to X tons in 2023, surging by X% compared with 2022 figures. In general, imports, however, showed a slight reduction. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish imports rose rapidly to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

Poland (X tons), Russia (X tons) and Ukraine (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Belarus (X tons) and Lithuania (X tons), together constituting a X% share of total imports. The following importers - Romania (X tons) and Latvia (X tons) - each finished at an X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Latvia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen, dried and smoked fish importing markets in Eastern Europe were Russia ($X), Poland ($X) and Ukraine ($X), together accounting for X% of total imports. Lithuania, Romania, Belarus and Latvia lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, therefore, remained relatively stable against the previous year. Import price indicated temperate growth 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, dried and smoked fish import price increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2022 an increase of X%. Over the period under review, import prices reached the maximum in 2023 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform