Russian Federation: Market for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs 2024

Market Size for Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in the Russian Federation

The Russian meat and fish extracts market contracted modestly to $X in 2022, dropping by X% against the previous year. Overall, consumption continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs in the Russian Federation

In value terms, meat and fish extracts production shrank slightly to $X in 2022 estimated in export price. In general, production showed a abrupt downturn. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Exports from the Russian Federation

In 2022, the amount of extracts and juices of meat, fish, crustaceans and molluscs exported from Russia surged to X tons, rising by X% on 2021. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, meat and fish extracts exports surged to $X in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X tons) was the main destination for meat and fish extracts exports from Russia, accounting for a X% share of total exports. It was followed by Kyrgyzstan (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Kazakhstan totaled X%.

In value terms, Kazakhstan ($X) remains the key foreign market for extracts and juices of meat, fish, crustaceans and molluscs exports from Russia, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan totaled X%.

Export Prices by Country

The average meat and fish extracts export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Kyrgyzstan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (X%).

Imports of Extracts And Juices Of Meat, Fish, Crustaceans And Molluscs

Imports into the Russian Federation

In 2022, meat and fish extracts imports into Russia reached X tons, with an increase of X% against the year before. In general, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, imports reached the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, meat and fish extracts imports skyrocketed to $X in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest meat and fish extracts supplier to Russia, with a X% share of total imports. Moreover, meat and fish extracts imports from South Korea exceeded the figures recorded by the second-largest supplier, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Lithuania (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of extracts and juices of meat, fish, crustaceans and molluscs to Russia, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from South Korea amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Lithuania (X% per year).

Import Prices by Country

In 2022, the average meat and fish extracts import price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price recorded a slight expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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