Supplies of popular fish among Russians have collapsed

Published 2024년 4월 19일

Tridge summary

Since 2022, Russia has faced a significant shift in its fish import market due to sanctions, leading to a stop in imports of chilled fish products like headless salmon carcasses and fillets from traditional suppliers such as the Faroe Islands and Norway. This has drastically reduced the share of imported salmon in Russia from nearly 90% in 2018 to 35% by the end of 2023, with Chile becoming the sole foreign supplier of salmon products to Russia. Despite these challenges, Russia has managed to increase its total import volumes of other fish and seafood by 18% by the end of 2023, reaching 656 thousand tons, thanks to diversifying its sources to include countries like China, Vietnam, Ecuador, Belarus, India, and Peru.

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

Original content

At the same time, from 2022, supplies of chilled products, including headless salmon carcasses and fillets, have completely stopped. For comparison, in 2021, the import of fish carcasses totaled over 15 thousand tons, and fillets - 2.5 thousand tons. Before the introduction of sanctions, the main suppliers of these types of products were exporters from the Faroe Islands and Norway, the organization specified. Against this background, the share of imported salmon on the Russian market decreased to 35 percent at the end of 2023, although back in 2018 it was at a level of almost 90 percent. Currently, all foreign products enter the country from Chile, concluded the representative of the Fisheries Union. Experts interviewed by the newspaper linked the reduction in the import of imported salmon to a number of factors, including sanctions, import substitution and too high prices. Despite the sharp decline in supplies of Atlantic salmon, Russia is increasing the ...

Source: Fishretail