Russia: Pork exports up 23% in nine months

Published Nov 8, 2024

Tridge summary

From January to September 2024, Russian pork exports experienced a significant increase of 23% in volume and 27% in value compared to the same period in the previous year. A total of around 200,000 tons of pork, valued at approximately $430 million, was exported to international markets. The export breakdown included 50% frozen pork, 23% fresh and chilled pork, and 27% offal. Belarus was the primary importer, increasing its purchases by 14% to 65,000 tons, primarily for fresh and chilled pork. Vietnam and China followed as the second and third largest importers, with Vietnam's imports decreasing by 16% to 59,000 tons and China starting to allow three Russian companies to export pork, leading to the supply of nearly 30,000 tons of meat worth $78 million. Additionally, Russia has seen a doubling of pork exports to Serbia and Hong Kong, a 20% increase to Mongolia, and the initiation of exports to Uzbekistan, Togo, Seychelles, and Brazil.

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

Original content

Between January and September 2024, Russian pork exports increased by 23% in volume and 27% in value compared to the same period last year. In total, since the beginning of this year, companies have supplied foreign markets with about 200,000 tons of pork worth about $430 million. About 50% of exported pork is frozen, 23% is fresh and chilled pork, and 27% is offal. The main export destination is Belarus, which is estimated to have increased its purchases by 14% to 65,000 tons. At the same time, it is the main market for fresh and chilled pork, with a share of almost 90%. Vietnam is the second destination, with a volume of 59,000 tons (-16%), and China ranks third. Since the opening of the Chinese market to three Russian pork exporting companies at the end of February 2024, almost 30 thousand tons of meat and offal worth 78 ...

Source: 3tres3