Russian Federation: Market for Fish Fillets and Other Fish Meat 2025

Market Size for Fish Fillets and Other Fish Meat in the Russian Federation

In 2022, the Russian market for fish fillets and other fish meat increased by 13% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption saw a noticeable expansion. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Production of Fish Fillets and Other Fish Meat in the Russian Federation

In value terms, production of fish fillets and other fish meat contracted modestly to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 26% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Fish Fillets and Other Fish Meat

Exports from the Russian Federation

In 2022, exports of fish fillets and other fish meat from Russia dropped to X tons, waning by -13.5% on the previous year's figure. In general, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by 79% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of fish fillets and other fish meat reduced rapidly to $X in 2022. Overall, exports, however, saw a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 96% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for exports of fish fillets and other fish meat from Russia, accounting for a 61% share of total exports. Moreover, exports of fish fillets and other fish meat to South Korea exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea amounted to +10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+9.2% per year) and Germany (+11.9% per year).

In value terms, South Korea ($X), the Netherlands ($X) and the UK ($X) appeared to be the largest markets for fish fillets and other fish meat exported from Russia worldwide, with a combined 78% share of total exports. Lithuania, Germany, France and Belarus lagged somewhat behind, together accounting for a further 17%.

Belarus, with a CAGR of +48.1%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for fish fillets and other fish meat stood at $X per ton in 2022, shrinking by -2.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 22%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Fish Fillets and Other Fish Meat

Imports into the Russian Federation

In 2022, imports of fish fillets and other fish meat into Russia shrank to X tons, waning by -9.9% against 2021 figures. Over the period under review, imports saw a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 23%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of fish fillets and other fish meat reduced to $X in 2022. Overall, imports saw a pronounced slump. The growth pace was the most rapid in 2021 when imports increased by 36%. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam (X tons), Faroe Islands (X tons) and China (X tons) were the main suppliers of imports of fish fillets and other fish meat to Russia, with a combined 74% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Faroe Islands (with a CAGR of +94.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Faroe Islands ($X), Vietnam ($X) and China ($X) were the largest fish fillets and other fish meat suppliers to Russia, together accounting for 69% of total imports.

Faroe Islands, with a CAGR of +99.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for fish fillets and other fish meat amounted to $X per ton, with a decrease of -3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2018 an increase of 33%. The import price peaked at $X per ton in 2021, and then shrank modestly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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