Crab producers in Russia increased supplies to China, South Korea and Japan

Published 2022년 12월 15일

Tridge summary

Russian crab producers have successfully redirected their exports to China, South Korea, and Japan after the US market closed, as reported by the Association of Shipowners of the Fishing Fleet (ASRF). The shift has allowed these markets to compensate for two-thirds of the decline in Russian crab exports to the US, with China, South Korea, and Japan increasing their imports by 28% to 7,600 tons in the first three quarters of 2022. Meanwhile, Russian crab production has remained stable, as reported by the Federal Agency for Fishery, with a slight decrease in volume to 90.7 thousand tons as of December 4, 2022, compared to 91.1 thousand tons the previous year. The ASRF is optimistic about future exports to Southeast Asian and Middle Eastern countries, crediting the industry's stability to the resilience of key market participants and the natural limitations of resource reserves.

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Original content

Russian crab producers were able to redirect exports to China, South Korea and Japan after the US market closed. This is stated in the message of the Association of Shipowners of the Fishing Fleet (ASRF). “A significant part of Russian crab exports was redistributed to Asian markets after the US market was closed, an analysis of the Association of Fishing Fleet Owners (ASRF) showed. According to national government statistics, for the three quarters of 2022, China, South Korea and Japan increased crab imports from Russia by 7, 6 thousand tons (+28%), which compensates for the falling volumes by 2/3," the report says. According to the association, the supply of crab from Russia to the United States for the first nine months of 2022 decreased by 11.6 thousand tons, to 10.4 thousand tons. At the same time, deliveries to China during this period increased by 1.9 thousand tons, up to 12.8 thousand tons, to South Korea - by 3.6 thousand tons, up to 12.8 thousand tons, to Japan - by 2 .1 ...

Source: Kvedomosti