Key trends from recent years of the pork market in Russia

The key trends in the pork market in Russia in recent years include a significant increase in production and a decrease in imports. In addition, there has also been an increase in export volumes, market size and consumption per capita. One of the key drivers of increased pork production in Russia in recent years has been the gradual introduction of restrictions on the supply of imported products. Initially, it was a meat import quota with a gradual reduction in the size of the quotas. In addition, shipping restrictions from many countries have come into force. For example, in August 2014, restrictions on the import of pork from the EU, the USA and Canada (which are still in force) were introduced, and a little later, supplies from many Brazilian companies were temporarily suspended. Moreover, the devaluation of the ruble contributed to limiting the import of pork from abroad. In 2020, the production of carcass masses in farms of all categories reached 4,286.7 thousand tonnes. ...