Russia: Trout consumption up 40% in two years

Published 2024년 8월 13일

Tridge summary

Since 2018, the price of frozen salmon in Russia has doubled, reaching 1300 rubles/kg in August 2023, while frozen trout is significantly cheaper. This price increase has shifted consumer and catering industry demand, leading to a 40% rise in trout consumption and a 10% rise in salmon consumption compared to 2022. The reduced import volumes of Atlantic salmon, primarily from Norway and the Faroe Islands, are being offset by Russian aquafarms and suppliers from Chile, Turkey, Armenia, and Iran. Salmon production in Russia has grown fourfold in seven years, but growth is limited by natural and geographical factors. Retail prices are not responding to the reduction in salmon sales as quickly as expected.

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

Original content

Since 2018, the selling price of frozen salmon has doubled: from 600 rubles/kg in September 2018 to 1210 rubles/kg in September 2023. At the beginning of August this year, selling prices from distributors reach 1300 rubles/kg. At the same time, frozen trout, which has similar taste qualities, is noticeably cheaper: 700-900 rubles/kg depending on the size. This has led to a shift in demand both in retail and in the catering industry, says German Zverev, president of the All-Russian Association of Fishery Industrialists (VARPE). Consumption of cheaper trout has increased by 40%, and more expensive salmon - by 10% compared to the 2022 level, according to calculations in the Fish Union. In Russia, the lost volumes of imported salmon, which were previously supplied from Norway and the Faroe Islands, are being replaced. The volume of Atlantic salmon imports has fallen by almost half in five years, and is mainly covered by Russian aquafarms. Another part of the red fish volumes has been ...

Source: RG