Fish consumption in Russia may decrease by 5-7% in the coming years

Published 2023년 1월 13일

Tridge summary

A study by the National Rating Agency (NRA) predicts a 5-7% decrease in per capita fish consumption in Russia by 2023 due to economic challenges. Despite these expectations, Russia remains a self-sufficient fish producer and net exporter, with around 20 million tons exported in 2022. The NRA anticipates a shift in consumer preferences away from salmon due to high prices and a rise in salmon catches, which could lessen pressure on prices. The agency also emphasizes the need for improving the efficiency of fish export and advises developing more deep processing facilities. To combat fish product falsification, the Association of Retail Companies and the Fish Union will monitor product quality and comply with declared characteristics through data exchange and consumer research.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the coming years, the consumption of fish products in Russia may be reduced by an average of 5-7% per capita, according to a study by the National Rating Agency (NRA). Analysts believe that economic difficulties will contribute to this: in 2022, the price of frozen white fish grew in line with inflation, the price of red fish increased by a quarter. According to the agency, in general, the consumption of fish and fish products in Russia is quite stable. According to the sample survey of Rosstat, since 2008, the consumption of fish and products from it has remained in the range of 20-22 kg per year on average per consumer, which corresponds to the recommended medical norm. However, the NRA believes that the consumption of fish products in 2022-2023 may decrease, although it will remain above the level of 20-21 kg. Analysts also expect a redistribution in the structure of the consumer's fish basket - the share of salmon may decrease by the end of 2022 due to the high price. About ...

Source: AgroInvestor