Russia: Exports of domestic fish products increased by 13% in 2023
Russia
Market & Price Trends
Published Dec 25, 2023
Tridge summary
The export of Russian fish products in 2023 has shown positive dynamics with a 13% increase in physical supplies. The priority tasks for the industry include diversifying exports, promoting domestic highly processed products, and building relationships with importers in the retail and HoReCa segment. There are plans to expand the supply of crabs to China, Southeast Asia, the United Arab Emirates, and Saudi Arabia, as well as promoting domestic products to markets in Brazil, Turkey, Algeria, Nigeria and Iran.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Fishing industry experts note that the supply of fish products to foreign markets has stabilized in 2023. The volume of supplies in physical terms increased by 13%, and exporters are considering the opportunity to expand the geography of supplies. As the Head of the Federal Fisheries Agency, Ilya Shestakov, reported to the Federal State Budgetary Institution Agroexport, the entire year of 2023, the export of Russian fish products shows positive dynamics. Over the 11 months of last year, the volume of supplies amounted to about 2.1 million tons, or $5.2 billion in financial terms. In physical terms, this is 13% more than the 2022 level. Domestic products have established demand among foreign partners, which has stabilized thanks to the restoration and development of logistics chains, the expert noted. “The priority tasks for us are diversification of exports, promotion of domestic highly processed products to foreign markets, building the work of our fish farmers with importers in ...
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