Eastern Europe: Market for Fresh Or Chilled Anchovies 2024

Market Size for Fresh Or Chilled Anchovies in Eastern Europe

The East European fresh or chilled anchovies market fell rapidly to $X in 2023, waning by X% against the previous year. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption attained the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Fresh Or Chilled Anchovies in Eastern Europe

In value terms, fresh or chilled anchovies production rose sharply to $X in 2023 estimated in export price. In general, production recorded a abrupt slump. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Fresh Or Chilled Anchovies

Exports in Eastern Europe

In 2023, shipments abroad of fresh or chilled anchovieses decreased by X% to X tons for the first time since 2019, thus ending a three-year rising trend. In general, exports showed a sharp slump. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, fresh or chilled anchovies exports contracted significantly to $X in 2023. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

The shipments of the one major exporters of fresh or chilled anchovieses, namely Bulgaria, represented more than two-thirds of total export.

Bulgaria was also the fastest-growing in terms of the fresh or chilled anchovieses exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Bulgaria increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X) also remains the largest fresh or chilled anchovies supplier in Eastern Europe.

From 2012 to 2023, the average annual growth rate of value in Bulgaria amounted to X%.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2015; however, from 2016 to 2023, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Bulgaria.

From 2012 to 2023, the rate of growth in terms of prices for Bulgaria amounted to X% per year.

Imports of Fresh Or Chilled Anchovies

Imports in Eastern Europe

Fresh or chilled anchovies imports soared to X tons in 2023, with an increase of X% on the previous year's figure. Over the period under review, imports, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, fresh or chilled anchovies imports surged to $X in 2023. Overall, imports showed prominent growth. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Romania was the key importing country with an import of about X tons, which resulted at X% of total imports. Bulgaria (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (X%). Ukraine (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to fresh or chilled anchovies imports into Romania stood at X%. At the same time, Ukraine (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, Bulgaria (X%) illustrated a downward trend over the same period. While the share of Romania (X p.p.), the Czech Republic (X p.p.) and Ukraine (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Bulgaria (X p.p.) displayed negative dynamics.

In value terms, Romania ($X), Bulgaria ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2023, together accounting for X% of total imports. These countries were followed by Ukraine, which accounted for a further X%.

In terms of the main importing countries, Ukraine, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Overall, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2023 and is likely to continue growth in the near future.

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

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

Source: IndexBox Platform