Definition:
The Fresh Fish market covers all types of products made from fishes that have not been cooked, heated, dried, cured by brine, or processed in any way other than boning, cutting, comminuting, or freezing. Fresh, chilled, or frozen fish that have been farmed or harvested from freshwater or the ocean are included in the market.
Additional Information:
The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.
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Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Sep 2024
Source: Statista Market Insights
The Fresh Fish Market in Uzbekistan is experiencing minimal growth due to factors such as limited consumer awareness and lack of availability of digital technologies. Despite its convenience, online services have not gained traction in this market, resulting in slow growth.
Customer preferences: As the economy of Uzbekistan continues to grow, so does the demand for fresh seafood in the country. However, consumers are also becoming more health-conscious and are seeking out sustainably-sourced seafood options. This trend is driven by a growing awareness of the impact of overfishing on the environment and a desire for ethically-sourced food. As a result, there has been an increase in demand for locally-sourced, organic seafood, as well as a push for transparency and traceability in the seafood supply chain. Additionally, with the rise of social media and the internet, consumers are able to research and educate themselves on sustainable fishing practices, leading to a shift in consumer preferences towards more environmentally-friendly options.
Trends in the market: In Uzbekistan, the Fresh Fish Market within the Fish & Seafood Market is experiencing an increase in demand for locally sourced and sustainably caught fish. This trend is driven by consumer preferences for fresh and environmentally friendly products. Additionally, there is a growing focus on traceability and transparency in the supply chain, leading to the adoption of advanced technologies such as blockchain for fish tracking. These trends are significant as they promote the growth of the local fishing industry and support sustainable practices. However, they also pose challenges for industry stakeholders to adapt to new technologies and meet consumer demands.
Local special circumstances: In Uzbekistan, the Fresh Fish Market of the Fish & Seafood Market within The Food market is heavily influenced by its geographical location, with the country being landlocked and surrounded by other Central Asian countries. This has led to a reliance on imports for seafood, resulting in higher prices for consumers. Additionally, the cultural preference for fresh and local food has also shaped the market, with a higher demand for domestically caught fish. The government's strict regulations on fishing and aquaculture also play a major role in the market, ensuring the sustainability of fish stocks and maintaining quality standards. These unique local factors contribute to the dynamics of the Fresh Fish Market, setting it apart from other markets in the region.
Underlying macroeconomic factors: The performance of the Fresh Fish Market of the Fish & Seafood Market within The Food market in Uzbekistan is largely influenced by macroeconomic factors such as global economic trends, national economic health, fiscal policies, and other financial indicators. For instance, the country's economic growth and stability can impact the demand for fresh fish and seafood, as well as the purchasing power of consumers. Additionally, government policies and regulations related to import and export, taxation, and trade agreements can also affect the market. Moreover, economic factors such as inflation, exchange rates, and consumer spending patterns can significantly impact the prices of fresh fish and seafood, ultimately influencing market performance.
Data coverage:
The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).Modeling approach:
Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.Additional notes:
The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights