Experts estimate the potential for beef exports from Russia at $450-480 million per year
Frozen Bone-In Beef
Meat
Russia
Published Mar 15, 2023
Original content
The potential for beef exports from the Russian Federation is 75-80 thousand tons for $450-480 million per year. This assessment was made by experts of the Agroexport center under the Ministry of Agriculture in a review of the market for this meat. In 2022, the export of Russian beef amounted to 34.6 thousand tons for $234 million. This is 6.4 and 12.6 times more, respectively, than in 2017. Record exports in physical terms were noted in 2021 - 37 thousand tons for $226.6 million. According to experts, the growth in deliveries became possible due to the opening of the Chinese market for Russian exporters. As a result, China increased imports of beef and offal from Russia from 2 tons in 2019 to 21.5 thousand tons in 2021 (by $149.2 million). Thus, China's share in Russian exports amounted to 58.1% in physical terms and 65.8% in value terms. The top 5 buyers of Russian beef also included Kazakhstan, Morocco, Saudi Arabia and Vietnam. Thus, Kazakhstan in 2021 imported 2.5 ...
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