Russia: Trout sales increased by almost a third last year

Fresh Trout

Seafood

Russia

Market & Price Trends

Published Mar 28, 2024

Tridge summary

In 2023, Russia experienced a significant uptick in trout sales, both in terms of value and weight, with a noticeable preference for chilled and defrosted products over frozen ones. This shift underscores a change in consumer tastes towards more convenient options like steaks, fillets, and pieces. Despite the volatility in wholesale prices due to the ruble's fluctuating exchange rate, retail prices have remained stable, aligning with food inflation rates. The increase in trout and salmon sales is buoyed by a surge in domestic aquaculture production and the resumption of imports, especially from Chile and Turkey. Furthermore, the exit of Norwegian salmon from the Russian market has elevated trout as a sought-after and economical choice for consumers in search of chilled red fish.

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

Trout sales in 2023 increased in value by 30% by 2022 and 60% by 2021. In terms of weight, sales increased at a slightly lower, but comparable pace: by 25% by 2022 and by 55% by 2021, as calculated by the Fishing Union analytical center based on data from eight federal retail chains. First of all, the share of chilled and defrosted fish is growing, sales of which in monetary terms have increased by 80% by 2022 and 120% by 2021. Even conservative buyers are gradually abandoning their consumption habits, as evidenced by a decrease in sales of frozen trout in monetary terms by 10% by 2022 and by 20% by 2021. At the same time, uncut and minimally cut fish are losing popularity the fastest, while steaks, fillets and pieces, on the contrary, are strengthening their positions by about 15% per year. That is, the demand for products that are easier and faster to prepare is growing. According to the Fishing Union, if such trends continue, in the coming years, highly processed products will ...

Source: RG