The record volume of seafood imports from Russia to Japan has sparked anger among Canadian politicians

Published 2023년 6월 7일

Tridge summary

In 2022, Japan's seafood imports from Russia reached a high of 124,437 tons, valued at 140.2 billion yen, with significant imports of snow crab and pollock roe. However, the United States imposed a ban on Russian seafood imports in March 2022, leading to a decrease in Russian crab imports and an opportunity for Canada. Despite this, Canadian snow crab exports to the US saw only a 7% growth in the first quarter of 2023 due to inflation. After the US ban, Japan and South Korea increased their purchases of Russian seafood, taking advantage of the lower prices, but Japan's politicians are being urged to buy Canadian snow crab instead.

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

Original content

The previous record high volume of seafood imports from Russia to Japan was recorded in 2018, when Japan imported 140.2 billion yen (1.03 billion US dollars, 950 million euros). The volume of imports that year reached 124,437 tons, which is 13.8 percent more than in 2017. Japan's imports from Russia in 2022 included 11,073 tons of snow crab, worth 32.6 billion yen ($240.1 million, €221.3 million). Japan also imported almost 21,000 tons of pollock roe, a raw material for the production of Japanese food products "mentaiko" (spicy caviar) and "tarako" (salted caviar), worth 22.3 billion yen (US$164.28 million, 151.3 million Euro). Other products in significant quantities included sockeye salmon, king crab and sea urchin. US President Joe Biden ordered a ban on the import of Russian seafood on March 11, 2022, and it went into effect on March 25. While the decline in Russian crab imports - along with falling snow crab numbers in parts of Alaska - would seem to create a big opportunity ...

Source: Fishretail