Russia reduced imports of white fish fillets by 40%

Published 2023년 5월 10일

Tridge summary

In the first quarter of 2023, Russia experienced a significant shift in its white fish fillet imports, with a notable decrease of about 40% in total imports, amounting to 3 thousand tons. This decline was particularly seen in tilapia and pangasius imports, which fell by 41% and 50% respectively. On the other hand, imports of sea bass and dorado saw a positive surge, increasing by a third. The import of red fish, including chilled trout and frozen salmon fillets from Chile, also increased by 15% and 20% respectively. Additionally, imports of Atlantic pelagics, such as mackerel and capelin, saw a significant increase of 43% in volume and 75% in value. Overall, the value and tonnage of seafood imports in the first quarter rose by 20% and 37% respectively, driven by a growing demand for squid and sea cocktail. The Federal Agency for Fishery in Russia has noted a steady increase in the domestic market's demand for these products.

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

Original content

In the first quarter of 2023, total imports of white fish fillets to Russia decreased by almost $6 million (-40%). In absolute terms, imports amounted to no more than 3 thousand tons, including tilapia, pollock, hake, pangasius and halibut. Regarding the results of the three months of 2022, the trend for tilapia and pangasius has changed, from growing to falling: - 41% and -50%, respectively, according to a Defa group study. It notes that over the three months of 2023, the total import of sea bass and dorado increased by almost a third ($2.7 million), in absolute terms, the growth amounted to no more than 20% or slightly more than 2 thousand tons. Experts explained that, in general, the dynamics is due to increase in imports of fresh-frozen sea bass and dorado. There is also a slight upward trend in the import of chilled sea bass and dorado fillet compared to the same period last year. According to the study, hake fillet imports continue to decline, it decreased by 50% compared to ...

Source: AgroInvestor