The share of imports on the Russian meat market in 2020 will decrease to 5%, while exports will grow by 30%

Published 2020년 11월 16일

Tridge summary

The article provides an overview of the current state of Russia's meat and meat product market, with a focus on imports, exports, and production dynamics. It highlights that imports of meat products make up a minimal portion of the market, with the majority of meat consumed being locally produced. The exports of meat and meat products are expected to reach $800 million this year, with a total volume of 480-500 thousand tons, and the domestic production of meat is projected to grow by nearly 4%. The article also addresses the challenges posed by the coronavirus pandemic on the industry, such as labor shortages, disruptions in international supply chains, and shifts in sales channels, underlining the need for adaptability and resilience in these uncertain times.

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

Original content

"At present, the share of imports does not exceed 5%. This is taking into account trade with all countries, including the EAEU. And if we take non-CIS countries, then this figure is about 2%," he said. Last year, according to the IA, imported meat occupied 7% of the market. Moreover, the import of pork this year will amount to only about 10 thousand tons, "or maybe less", while the export of this meat is growing, Yushin said. “Pork is supplied even to the UAE, because there are expats and there is a market,” he said. The supply of poultry meat abroad is also increasing. "It can be found in Africa, the Middle East, the Gulf countries, Central Asia, China," Yushin said. "Recently the first shipment went to the Philippines. In China, Russia is the third largest supplier of poultry meat after the United States and Brazil." ... "This year, according to our estimates, supplies to foreign markets of Russian meat and meat products will reach $ 800 million, the volume can be 480-500 ...

Source: Dairy