Russia is increasing exports of fish products, but the industry needs reforms

Published 2023년 9월 22일

Tridge summary

Despite the economic war and sanctions from the West, Russian exports of fish and seafood from the Far East have remained strong, with Asian consumers showing continued demand for these products. The recovery of demand in China, along with its growing rates, presents a great opportunity for Russian manufacturers to fill new market niches. However, without industry reform and addressing challenges like the loss of the US market for Russian crab, the future development of Russian fishing and mariculture enterprises in the region is uncertain.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The economic war unleashed by the West against Russia could not bring down Russian exports of fish and seafood from the Far East. Asian consumers are not ready to give up our products. Moreover, China and other countries are demonstrating unprecedented rates of demand recovery after coronavirus. And this is a great opportunity for our manufacturers to fill new niches. But without industry reform, the development of Russian fishing and mariculture enterprises in the region is in question. In the Far Eastern fishery basin, by September 1, the volume of production of aquatic biological resources increased by 17.2% compared to last year and reached 2.8 million tons, reports Rosrybolovstvo. Exports are also growing. As the head of the department, Ilya Shestakov, previously noted, in absolute figures, sales abroad from the Russian Federation increased by 10% compared to 2022. True, in terms of money, the figures are approximately at the level of last year, or even slightly lower. But ...
Source: Rosng

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