Russia: Pork exports doubled

Published 2021년 4월 7일

Tridge summary

In 2020, Russia underwent a significant shift in its pork market dynamics, transforming from a major importer to a prominent exporter, with pork exports surging by 86.0% to 200,580 tons, positioning Russia as the seventh-largest exporter globally. The Asian market, led by Vietnam, showed the most demand, with imports of Russian pork growing by almost five times to 63,470 tons, predominantly in the form of chilled and frozen pork. Meanwhile, Russia's pork imports plummeted, with the volume being less than 10% of the previous year, indicating a substantial shift in the balance of the global and domestic pork markets.

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

Original content

Russia has developed from a major global importer of pork to a major global exporter. As the Danish umbrella association of the agricultural and food industry (L&F) reported, Russian pork exports rose by 92,720 t or 86.0% to 200,580 t last year compared to 2019. This made Russia the world's seventh largest exporter of this product, and according to the Russian government, global sales will continue to grow. In the year under review, exports to Vietnam in particular gained momentum; they increased by almost five times to 63,470 t. The Asian country had increased import needs after the outbreak of African swine fever (ASF). It is noteworthy that Russian exports there grew mainly through chilled and frozen pork; this item of goods accounted for a good three quarters of total exports. In the case of competing suppliers from the European Union, this share was just under a third, because the majority of meat by-products and bacon were delivered to Vietnam. Hong Kong ranked second on the ...

Source: Top Agrar Online