CIS: Market for Fish Fats And Oils 2024

Market Size for Fish Fats And Oils in CIS

The CIS fish fat and oil market expanded to $X in 2022, growing by X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Fish Fats And Oils in CIS

In value terms, fish fat and oil production amounted to $X in 2022 estimated in export price. In general, production posted a buoyant expansion. 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 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports in CIS

In 2022, approx. X tons of fish fats and oils were exported in the CIS; growing by X% on 2021. Over the period under review, exports recorded a resilient increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, fish fat and oil exports surged to $X in 2022. In general, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Russia dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. Belarus (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Armenia (X%).

From 2012 to 2022, average annual rates of growth with regard to fish fat and oil exports from Russia stood at X%. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Armenia experienced a relatively flat trend pattern. While the share of Belarus (X p.p.) and Armenia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest fish fat and oil supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports.

In Russia, fish fat and oil exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Armenia (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, surging by X% against the previous year. Export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, fish fat and oil export price increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Imports of Fish Fats And Oils

Imports in CIS

In 2022, overseas purchases of fish fats and oils increased by X% to X tons, rising for the seventh year in a row after two years of decline. Over the period under review, imports showed a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fish fat and oil imports skyrocketed to $X in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X tons) represented the key importer of fish fats and oils, constituting X% of total imports. Armenia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (X%). Kazakhstan (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Armenia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported fish fats and oils in the CIS, comprising X% of total imports. The second position in the ranking was taken by Belarus ($X), with an X% share of total imports. It was followed by Armenia, with an X% share.

In Russia, fish fat and oil imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Armenia (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, declining by X% against the previous year. Over the period under review, the import price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of import peaked at $X per ton in 2021, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2022, 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

Frequently Asked Questions (FAQ) :