Fish exports from Russia in 2023 may exceed $6 billion

Published 2023년 5월 26일

Tridge summary

Russia's fish exports are projected to increase by 2% in 2023, reaching a value of $6 billion, up from $5.9 billion in the previous year, according to the All-Russian Association of Fisheries Industry (VARPE). This growth is attributed to higher total allowable catches in the Sea of Okhotsk and successful seasons for pollock and crab. The main markets for Russian fish products include China for pollock, the EU for pollock fillets, and Japan and South Korea for pollock roe. The EAEU market for fish products is expected to grow from 2.3 million tons to 3 million tons in the next five years. VARPE suggests revisiting customs legislation to better regulate catches in foreign economic zones and areas of international agreement to further enhance the benefits of fish production.

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Original content

This is 2% more than last year. Fish exports from Russia in 2023 may increase by about 2%. Last year, this figure amounted to $5.9 billion, according to the All-Russian Association of Fisheries Industry (VARPE). “Based on the forecasts (catch), we can talk about good prospects for foreign exchange earnings. I think that by the end of 2023 we will step over $6 billion of foreign exchange earnings, although it was previously assumed that by this period we would have about $8 billion,” said German Zverev, President of VARPE, at a briefing. According to him, the forecast is based, in particular, on the results of the Okhotsk pollock season that has ended. In its course, 804.3 thousand tons of pollock were mined, which is 2% more than a year ago. The development of the total allowable catch in the Sea of Okhotsk, according to him, has reached 90%, which is significantly higher than last year, when it was at the level of 82%. Zverev also noted that the market for live crabs demonstrates ...

Source: Specagro