Russia's fishmeal production to increase by 8% in 2023

Published 2024년 5월 13일

Tridge summary

In 2023, Russia emerged as a significant exporter of fishmeal to China and South Korea, accounting for over 90% of its total exports. The export volume to these countries reached 72,000 tons, with a value of US$270 million, marking an 11% increase from the previous year. Specifically, exports to South Korea and China increased by 14% and 27% to US$110 million and US$109 million, respectively. On a global scale, fishmeal production was estimated at around 5 million tons, with Peru, Chile, and India being the leading producers, contributing 30%, 8%, and 7% respectively. China is a key consumer of fishmeal, representing one-third of the global demand.

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

Original content

China and South Korea are important export destinations for Russian fishmeal. In 2023, the export volume to the above two regions was 72,000 tons, accounting for more than 90% of the total export volume. In 2023, Russia's fishmeal exports amounted to US$270 million, an increase of 11% year-on-year. Among them, exports to South Korea amounted to US$110 million, an increase of 14% year-on-year, exports to China amounted to US$109 million, an increase of 27% year-on-year, and exports to Belarus amounted to US$5.6 million. According to the International Federation of Marine Ingredients (IFFO), the world's fishmeal ...

Source: Foodmate