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Salmon consumption in Russia may decrease

Salmon
Published Jan 12, 2023

Tridge summary

In the coming years, against the backdrop of economic difficulties, fish consumption in Russia may decrease by 5-7% per person per year, and the share of salmon in the demand structure is likely to decrease. This is stated in the study of the National Rating Agency (NRA). In 2021, according to Rosstat, fish consumption decreased by 2%, to 21.7 kg per person per year. The decrease in demand for red fish in the NRA is associated with rising prices.

Original content

According to analysts, the average price of salmon in 2022 increased by 25% year-on-year, exceeding 1,000 rubles for the first time in history. per 1 kg in April, while prices for frozen white fish are growing in line with inflation. According to the NRA, the increase in salmon prices is due to a decrease in the catch in 2022 to 280 thousand tons against 539 thousand tons a year earlier, as well as high dependence on imports against the backdrop of tougher Western sanctions against the Russian Federation and logistical difficulties. According to NRA estimates, Chile and the Faroe Islands provided about 60% of salmon and red fish fillet imports to the Russian Federation, but today supplies from these countries are under pressure. Ilya Sosnov, CEO of Russia's largest salmon and trout producer Inarctica, says that due to disruption in supply chains and currency fluctuations, the Russian redfish market in 2022 has already declined compared to 2014-2015. In 2015, according to the ...
Source: Fishretail
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