Belarus: Market for Frozen, Dried And Smoked Fish 2024

Market Size for Frozen, Dried And Smoked Fish in Belarus

The Belarusian market for frozen, dried and smoked fish surged to $X in 2023, with an increase of X% against the previous year. Over the period under review, the total consumption indicated a perceptible 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, consumption decreased by X% against 2021 indices. Frozen, dried and smoked fish consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Frozen, Dried And Smoked Fish in Belarus

In value terms, frozen, dried and smoked fish production stood at $X in 2023 estimated in export price. Overall, the total production indicated noticeable growth 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 was the most pronounced in 2013 with an increase of X% against the previous year. Frozen, dried and smoked fish production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Exports of Frozen, Dried And Smoked Fish

Exports from Belarus

After two years of growth, overseas shipments of frozen, dried and smoked fish decreased by X% to X tons in 2023. In general, exports, however, recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish exports stood at $X in 2023. Overall, 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 decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for frozen, dried and smoked fish exports from Belarus, accounting for a X% share of total exports. Moreover, frozen, dried and smoked fish exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Russia amounted to X%.

In value terms, Russia ($X) remains the key foreign market for frozen, dried and smoked fish exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Ukraine ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Russia totaled X%.

Export Prices by Country

In 2023, the average export price for frozen, dried and smoked fish amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Ukraine amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%).

Imports of Frozen, Dried And Smoked Fish

Imports into Belarus

Frozen, dried and smoked fish imports into Belarus soared to X tons in 2023, picking up by X% against the previous year's figure. In general, total imports indicated a noticeable increase 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, imports decreased by X% against 2021 indices. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen, dried and smoked fish imports skyrocketed to $X in 2023. Over the period under review, total imports indicated a tangible 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, imports decreased by X% against 2021 indices. Imports peaked at $X in 2021; however, from 2022 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Russia (X tons) constituted the largest frozen, dried and smoked fish supplier to Belarus, with a X% share of total imports. Moreover, frozen, dried and smoked fish imports from Russia exceeded the figures recorded by the second-largest supplier, Norway (X tons), threefold. Iceland (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Iceland (X% per year).

In value terms, Russia ($X), Iceland ($X) and Norway ($X) constituted the largest frozen, dried and smoked fish suppliers to Belarus, together comprising X% of total imports. India, Faroe Islands, the United States, Vietnam, France, the UK, Canada, Estonia, Finland and Latvia lagged somewhat behind, together comprising a further X%.

Finland, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for frozen, dried and smoked fish stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Latvia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform