Eastern Europe: Frozen Fish Fillet Market 2024

Frozen Fish Fillet Market Size in Eastern Europe

The East European frozen fish fillet market surged to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Fish Fillet Production in Eastern Europe

In value terms, frozen fish fillet production shrank modestly 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 increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2022, and then contracted in the following year.

Frozen Fish Fillet Exports

Exports in Eastern Europe

In 2023, overseas shipments of frozen fish fillet decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total exports indicated perceptible growth from 2012 to 2023: its volume 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 pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2022, and then declined in the following year.

In value terms, frozen fish fillet exports reduced to $X in 2023. Total exports indicated a strong increase 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 declined modestly in the following year.

Exports by Country

In 2023, Russia (X tons) was the largest exporter of frozen fish fillet, achieving X% of total exports. Poland (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Lithuania (X%). Latvia (X tons) followed a long way behind the leaders.

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, Poland (X%), Latvia (X%) and Lithuania (X%) displayed positive paces of growth. While the share of Russia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X), Poland ($X) and Lithuania ($X) appeared to be the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the near future.

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

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

Frozen Fish Fillet Imports

Imports in Eastern Europe

In 2023, approx. X tons of frozen fish fillet were imported in Eastern Europe; rising by X% against the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, frozen fish fillet imports rose remarkably to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

Poland was the key importer of frozen fish fillet in Eastern Europe, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Russia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (X%), Ukraine (X%), Lithuania (X%) and Romania (X%). The following importers - Slovakia (X tons) and Latvia (X tons) - each accounted for a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to frozen fish fillet imports into Poland stood at X%. At the same time, Latvia (X%) and Romania (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Lithuania, Slovakia and the Czech Republic experienced a relatively flat trend pattern. By contrast, Russia (X%) and Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Poland and Romania increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Poland, frozen fish fillet imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, picking up by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum in 2023 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Russia ($X per ton) and Slovakia ($X per ton), while Latvia ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform