Production, domestic consumption and export of meat products are growing in Russia - Forbes

Published May 21, 2024

Tridge summary

In 2023, Russia emerged as a leading global producer of various meats, including pork, broiler meat, and turkey, accounting for about 4% of global meat production. The country saw significant growth in production, domestic consumption, and exports, with pork and poultry production notably increasing. Experts predict continued growth, particularly in pork demand, which may set new consumption records. Additionally, Russia has become the second-largest turkey producer globally, with a 5% increase in production expected this year and further growth anticipated by 2025. The rise in meat production is driven by both domestic and export markets, with over 1 million tons of livestock products exported in 2023, valued at $2 billion, and a 10% increase in exports projected for 2024.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Our country is among the top 5 global producers of pork and broiler meat. In Russia, the indicators of the meat industry are growing: production, domestic consumption, exports. Industry participants believe that this is not a random surge, production and consumption still have potential for growth, and exports will develop. The Russian Federation accounted for about 4% of the global production of major types of meat in 2023; the country is among the top 5 global producers of pork and broiler meat. Yulia Tsyndrina, an expert at the Agroanalytics Center meat market, shared this data with Forbes. “At the end of last year, the production of livestock and poultry for slaughter (live weight) in farms of all categories reached 16.5 million tons, which was 2% higher than in 2022,” adds Tsyndrina, citing Rosstat data. “In slaughter weight, the result is 11.7 million tons,” says Sergei Yushin, head of the National Meat Association (NMA). According to the information and analytical agency ...
Source: Specagro

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