News - market

By 2030, the volume of export of Russian fish products may grow to $8.85 billion, which is higher than the target of the Ministry of Agriculture of $8.5 billion. 

Russian companies will present pollock roe at the China Fisheries & Seafood Expo in late October — early November.

From January 1 to December 15, 2023, exports of fish and seafood from Russia amounted to 2.08 million metric tons, according to the customs statistics and the Rosselkhoznadzor's Argus information system.

For 10 months of 2023, the import of fish products to the Russian market reached 465 thousand tons worth $ 1.9 billion. In weight, imports are 26% higher year-on-year, and in money — by 15%, according to the Analytical Center of the Fish Union. This dynamic is mainly due to the effect of the low base last spring.

In January-September 2023 Russian finfish and other seafood imports jumped by 36% in value and 48% in volume year-on-year, according to the recent market analysis of Defa group – a fish and seafood supplier based in Saint Petersburg. 

Russia has noticeably increased supplies of surimi (raw material for crab sticks) to China and South Korea as a result of consumer saving trend. The USA is the leading supplier of surimi to Asia, but lower prices let Russia win some of its competitor’s market share.

In January-June 2023 Russian finfish and other seafood imports jumped by 54% year-on-year, both in value and in volume, according to the recent market analysis of Defa group – a fish and seafood supplier based in Saint Petersburg. 

All-Russian Association of Fisheries Enterprises, Entrepreneurs and Exporters (VARPE) has completed the analysis of export supplies of Russian fish products in key markets in the first quarter of 2023.

Herring is one of Russia’s most popular fish species enjoying steady and strong demand. Experts of the Russian Agricultural Bank studied herring production and consumption in Russia, as well as its export potential on the world market.

It is possible to single out several events or trends that have a significant impact on the Russian pollock industry, according to Alexey Buglak, president of Pollock Catchers Association, interviewed by Fishnews.

A significant part of Russian crab exports has been redistributed to Asian markets after the US market closed, an analysis of the Fishery Shipowners Association of (FSA) showed. According to the data of national government statistics, for the three quarters of 2022, China, South Korea and Japan increased crab imports from Russia by 7.6 thousand tons (+28%), which compensates for the drop in volumes by 2/3.

Fish from the Murmansk region may be delivered to the Middle East. This possibility is being discussed by experts of the Chamber of Commerce and Industry of the region. Additionally, they plan to change the logistics of supplies for the exporting enterprises, according to Izvestia.

For the nine months of 2022 total imports decreased in relation to the nine months of 2021, both in value and in absolute terms by 23% and 40%, respectively. The volume of imports decreased by 157 thousand tons and amounted to 237 thousand tons. The decrease is observed in all groups with the exception of finished fish products. The maximum reduction in value is recorded by surimi, according to Defa Group.

Russia’s fish exports in physical terms have increased by 7.4% since 2016, while in value terms – by 77%, to $ 6.6 billion, according to Russia’s Federal Fisheries Agency.

Russian Crab Group, the largest crab harvesting company in the Far East, participated in the 39th Saudi Agriculture-2022 International Agro-Industrial Exhibition, which was held in Riyadh from October 17th to 20th, according to the company.

With a total production of almost 98.000 tonnes in 2020, the EU-27 was the world’s fifth largest producer (2% of total volumes), according to EUMOFA.

For 4 months of 2022, the export of Russian fish products, according to preliminary data from Rosstat, increased in monetary terms by 30.8% and reached $ 1.9 billion. 

Almost 24 thousand metric tons of seaweed and 17.7 thousand tonnes of scallops were grown by companies based in Primorsky Krai (capital Vladivostok) in 2021. Due to the unfavorable pandemic situation, seafood exports are reoriented to South Korea, reports Megafishnet.com.

Russian veterinary watchdog Rosselkhoznadzor is actively involved in the process of opening new markets for the supply of Russian products of animal origin. In 2021, 36 types of controlled goods from Russia, including meat and dairy products, feed, non-food products, and live animals, were granted the right to be exported to the markets of 17 foreign countries, reports Megafishnet.com.

In 2021 fish exports to China are estimated to amount ca.259.56 thousand tons, almost 73% down year-on-year (971.46 thousand tons), reports Megafishnet.com.