Record sardine catch expected; indicators of steady growing demand in Russia

Published 2024년 11월 22일

Tridge summary

The article highlights the dynamic of ivasi (sardine) fishing in Russia, with a focus on both domestic and international markets. It reveals that approximately 30% of the total catch is processed into value-added products such as canned, preserved, salted, and smoked forms for domestic consumption and omega-3 supplements. Despite rising production costs, prices for frozen ivasi sardines remain stable. Small-sized ivasi is also exported for the production of fishmeal and fat, primarily for aquaculture, with demand coming from countries like China, South Korea, Thailand, Japan, and Vietnam. There has been a significant increase in ivasi exports to China in the first half of 2024, and the potential for ivasi supplies to grow to 536 thousand tons by 2030.

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

Original content

The bulk of the ivasi catch is used to produce canned, preserved, salted and smoked products, which is about 30% of the total catch. These products are mainly sent to the domestic market. In addition, ivasi is used to make useful omega-3 supplements. Despite the increase in production costs, prices for frozen ivasi sardines remain stable at 86 rubles per kilogram. Small-sized ivasi is in demand on international markets for the production of fishmeal and fat, primarily for aquaculture. It is expected that, if the catch continues to grow, by 2030 the potential for ivasi supplies could reach 536 thousand tons, which is 1.9 times more than last year. In the first half of 2024, Russia has already increased ivasi exports to China by 50% in weight and 45% in monetary terms compared to last year. The product is also actively supplied to South Korea, Thailand, Japan and Vietnam. This year, the size ...

Source: Fishretail