Extracts and juices of meat, fish and aquatic invertebrates market in CIS

Earlier Report Observations

Over the period from 2018 to 2023, the market volume for extracts and juices of meat, fish, and aquatic invertebrates in the CIS fluctuated but showed overall growth, reaching 3,068 t in 2023 from 2,874 t in 2018. The market expanded in 2019, contracted in 2020, recovered in 2021, and continued to grow modestly in 2022 before a stronger increase in 2023.

Regulatory updates played a role in shaping the market environment. Starting from January 1, 2022, amendments to the Foreign Economic Activity Commodity Nomenclature (TN VED) altered the classification and regulatory requirements for products containing over 20% meat, fish, or seafood. These changes affected production standards and labeling, coinciding with a shift in trade flows as imports and exports became more active.

The market growth in 2023 was directly supported by an increase in the catch of aquatic bioresources in Russia, which expanded the raw material base for production. Rising investor interest in fish farming and plans for new trout sea farms further indicated a strengthening supply side. Into 2024, continued development of aquaculture and growing domestic production support the market's expansion.

Production extracts and juices of meat, fish and aquatic invertebrates in CIS

In kind, 2017-2020, t

Top producers of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

World map of production of extracts and juices of meat, fish and aquatic invertebrates, 2017-2020

After two years of growth, production of extracts and juices from meat, fish, and aquatic invertebrates in the CIS declined. In 2020, output reached 2 832 tonnes, marking a moderate decrease of 3.4% compared to the previous year. Over the period from 2017 to 2020, production increased by 3.8%, which translates to an average annual growth rate of 1.3%. The highest production level was recorded in 2019 at 2 932 tonnes, while the largest year-on-year increase occurred in 2018 at 5.1%.

Annual dynamics of production in CIS in kind, 2017-2020, t

Exports extracts and juices of meat, fish and aquatic invertebrates from CIS

Exports in kind, kg

The export market for these products showed an unstable trend over the observed period. Exports peaked in 2018 at 3 320 kg and then fell sharply to a low of 5 kg in 2020, representing a dramatic 615-fold difference between these years. In 2020, exports from the CIS amounted to just 5 kg, reflecting a steep decline of 99.8% from the prior year. The largest increase was recorded in 2018 at 4.5%.

Annual dynamics of product's exports from CIS in kind, 2017-2020, kg

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from CIS in kind, 2017-2020

Exports in value, K $ US

Exports of extracts and juices from meat, fish, and aquatic invertebrates from the CIS declined for the second year in a row. In 2020, export value stood at 11.5 thousand US dollars, indicating a solid drop of 22.4% compared to the previous year. From 2017 to 2020, exports decreased by 47.8%, averaging an annual decline of 19.5%. The highest value was recorded in 2018 at 25.7 thousand US dollars. The largest decline occurred in 2019 at 42.6%, while the largest increase was in 2018 at 17.2%.

Annual dynamics of product's exports from CIS in value, 2017-2020, K $ US

Between 2017 and 2020, Lithuania was the leading destination for exports of these products from the CIS in value terms, accounting for 5.3% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from CIS in value, 2017-2020

Imports extracts and juices of meat, fish and aquatic invertebrates to CIS

Imports in kind, kg

Imports of extracts and juices from meat, fish, and aquatic invertebrates into the CIS declined for the third consecutive year. In 2020, imports totaled 6 269 kg, showing an abrupt decrease of 31.7% from the year before. Over the period from 2017 to 2020, imports fell by 49.9%, equating to an average annual decline of 20.6%.

Annual dynamics of product's imports to CIS in kind, 2017-2020, kg

From 2017 to 2020, Tunisia and Italy were the main suppliers of these products to the CIS, together representing 17.7% of total imports in volume terms.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to CIS in kind, 2017-2020

Imports in value, K $ US

The value of imports for extracts and juices from meat, fish, and aquatic invertebrates into the CIS declined for the second year in a row. In 2020, imports amounted to 91.0 thousand US dollars, reflecting a fall of 31.0% compared to 2019. Between 2017 and 2020, imports decreased by 35.9%, with an average annual rate of decline of 13.8%. The peak import value was recorded in 2018 at 146.4 thousand US dollars, and the largest increase occurred that same year at 3.1%.

Annual dynamics of product's imports to CIS in value, 2017-2020, K $ US

During the 2017–2020 period, Tunisia held the dominant position in imports by value, accounting for 76.1% of total flows, while the remainder was distributed among various smaller destinations.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to CIS in value, 2017-2020