Russia has surpassed the United States in the volume of surimi sales from Alaska pollock in the Asian market

Published Aug 29, 2023

Tridge summary

Surimi prices have dropped by 20-30% in 2023 and sales have decreased by 10% in the first quarter of the year. The decline in demand for surimi is attributed to lower income, causing consumers in Japan and Europe to cut unnecessary expenses. In the Asian market, demand for Russian surimi products is growing as they are produced at lower costs compared to products from the United States. Additionally, the average price of pollock minced meat and surimi supplied to China has decreased by a quarter in the first half of 2023 compared to the same period in 2022.

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

Original content

Surimi prices in 2023 decreased by 20-30%, and sales in the first quarter of this year decreased by 10%, according to the All-Russian Association of Fisheries Industry (VARPE), citing FAO data. In the message, the experts noted that the demand for surimi is declining in both Japan and Europe. This is due to a decrease in income, as a result of which consumers cut all unnecessary expenses, experts say. Experts point out that in the Asian market, demand for products from the United States is declining, while demand for Russian products is growing. This is due to the fact that with a decrease in prices for surimi, Russian fish processors produce products at lower costs, and buyers do not care which country of origin the fish product has, if it ...

Source: Fishretail