Russia will break the meat consumption record in 2024

Frozen Whole Chicken
Published Feb 20, 2024

Tridge summary

The meatpacking industry in Russia is experiencing rapid growth, with meat sales increasing by 3.8% and sausage products by 4.4% in 2023. Beef sales have overtaken turkey, and pork demand is also on the rise. Despite an increase in meat production, meeting demand remains a challenge. Poultry production is expected to decrease by 1-2% due to zero duties on chicken imports in 2024, but overall meat consumption is projected to increase by 3%. Russia's meat exports grew by 22% in 2023, and pig farmers are optimistic about further growth in 2024, especially with the potential opening of the Chinese market.
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

The meatpacking industry is one of the five fastest-growing industries, according to NielsenIQ. In 2023, meat sales, after stagnation in 2022, increased in volume terms by 3.8%, and sausage products by 4.4%. At the same time, average prices in both groups increased by only 2% compared to 2022. Sales of not only chicken, but also all other types of meat have increased in terms of money. For example, beef showed the highest growth rates and increased its share of sales, overtaking turkey. Half of the sausage segments showed double-digit growth rates. From poultry meat, the increase in demand spread to pork. General Director of the National Union of Pig Breeders Yuri Kovalev explains this primarily by the growth in incomes of the population (including low-income people), primarily in the regions. The fact that prices for pork grew less in comparison with other food products also had an impact. And the reduction in the price difference between poultry and pork leads to an additional ...
Source: RG
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