Seafood exports to Russia after more than a year of war

Published 2023년 4월 5일

Tridge summary

The article highlights the dynamics of Vietnamese pangasius exports to Russia, noting a significant decrease in the first two months of 2023 due to inflation and reduced consumption. Despite these challenges, markets like Germany, Saudi Arabia, and the UK showed positive growth in pangasius imports from Vietnam. The article also discusses the broader impact of the Russia-Ukraine conflict on global trade and the recovery of Vietnamese pangasius exports to Russia. It mentions the competition Vietnamese pangasius faces in the Russian market, especially from China, and forecasts a slight increase in exports to Russia with an anticipated decrease in prices. Additionally, it addresses the challenges faced by seafood enterprises due to falling seafood product prices in Russia.

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

Original content

According to the Vietnam Association of Seafood Exporters and Producers (VASEP), pangasius is the main seafood product exported to Russia. In the first two months of 2023, Russia was among many markets that witnessed negative growth in Vietnamese pangasius imports, due to the impact of inflation and a decrease in consumption. Following the trend, only a few markets kept positive growth in pangasius imports from Vietnam, such as Germany, Saudi Arabia, and the UK, while most of the other major markets decreased, including Russia. In February 2023, pangasius exports to the Russian market reached nearly 2 million USD, down 40% compared to the same period in 2022 and accounted for 1% of the total value of Vietnamese pangasius to markets. In the first two months of 2023, Vietnam's pangasius to the Russian market reached nearly $2.5 million, down 53% compared to the same period in 2022 and accounted for 1.4% of the total value of Vietnamese pangasius exports to markets. The proportion of ...

Source: Haiquanonline