Eastern Europe: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2024

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Eastern Europe

In 2023, the East European meat and fish extracts market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption saw a perceptible contraction. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in Eastern Europe

In value terms, meat and fish extracts production reduced to $X in 2023 estimated in export price. Over the period under review, production saw a pronounced decrease. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports in Eastern Europe

Meat and fish extracts exports fell markedly to X tons in 2023, which is down by X% against 2022 figures. Over the period under review, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2022, and then declined rapidly in the following year.

In value terms, meat and fish extracts exports reduced sharply to $X in 2023. In general, exports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then fell dramatically in the following year.

Exports by Country

In 2023, Poland (X tons) and Lithuania (X tons) were the major exporters of extracts and juices of meat, fish, crustaceans and molluscs in Eastern Europe, together making up X% of total exports. Russia (X tons) held the next position in the ranking, distantly followed by Hungary (X tons). All these countries together held near X% share of total exports. The Czech Republic (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Lithuania (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest meat and fish extracts supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

In Russia, meat and fish extracts exports increased at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, jumping by X% against the previous year. In general, the export price, however, saw a pronounced reduction. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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

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

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports in Eastern Europe

For the third year in a row, Eastern Europe recorded decline in purchases abroad of extracts and juices of meat, fish, crustaceans and molluscs, which decreased by X% to X tons in 2023. In general, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, meat and fish extracts imports reduced markedly to $X in 2023. Overall, imports recorded a slight downturn. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Hungary (X tons) and the Czech Republic (X tons) dominates imports structure, together generating X% of total imports. Poland (X tons) held a little share of total imports.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest meat and fish extracts importing markets in Eastern Europe were the Czech Republic ($X), Hungary ($X) and Poland ($X), with a combined X% share of total imports.

In terms of the main importing countries, the Czech Republic, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 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 see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Hungary ($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 mixed trends in the import price figures.

Source: IndexBox Platform