Russia: The biggest growth in the pig sector seems to be over

Published 2024년 12월 24일

Tridge summary

The Russian pig sector is projected to see only marginal production growth in the coming years, with a forecast of 3.3 percent in 2024 and 1.3 percent in 2025, following a decade of strong growth. The domestic market seems to be saturated, despite a record high domestic demand for pork. The sector will produce 6.2 million tons of pork in 2024, with large companies increasing their share and small-scale pig farms disappearing. Exports are expected to increase by sixteen percent in 2024, but the absolute export volume is too small to justify production expansion. The sector is also facing fluctuating profit margins.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Russian pig sector expects only a marginal increase in production in the coming years after ten years of strong growth, according to a recent forecast by the National Union of Pig Producers of Russia. Production growth is forecast to be 3.3 percent in 2024, which will further decrease to 1.3 percent in 2025. This is in contrast to previous annual growth rates of between five and ten percent. Saturation of the domestic market appears to be a major cause In 2024, the Russian pig sector based on pork production is expected to reach 6.2 million tons, with large companies increasing their share while small-scale pig farms disappear. Individual pig farms will experience a 14 percent drop in production this year, while small farms will see a decrease of percent. Domestic demand for pork has reached a record 31 kilograms per person per year, which represents an increase of one third compared to 2015. Although Russian pork exports will have increased by sixteen percent in 2024, the ...
Source: NLvarkens

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.