Russian Federation: Molluscs Market 2024

Molluscs Market Size in the Russian Federation

The Russian molluscs market surged to $X in 2021, increasing by 26% against the previous year. Overall, consumption, however, showed a perceptible decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Molluscs Production in the Russian Federation

In value terms, molluscs production expanded notably to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19% against the previous year. Molluscs production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Molluscs Exports

Exports from the Russian Federation

In 2021, shipments abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) decreased by -29.5% to X tons, falling for the second consecutive year after two years of growth. In general, total exports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -34.6% against 2019 indices. The pace of growth appeared the most rapid in 2019 with an increase of 56% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, molluscs exports shrank notably to $X in 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 63%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for molluscs exports from Russia, accounting for a 68% share of total exports. Moreover, molluscs exports to China exceeded the volume sent to the second major destination, Japan (X tons), sixfold. The third position in this ranking was held by South Korea (X tons), with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+57.9% per year) and South Korea (-6.3% per year).

In value terms, China ($X) remains the key foreign market for molluscs (scallops, mussels, cuttle fish, squid and octopus) exports from Russia, comprising 56% of total exports. The second position in the ranking was held by South Korea ($X), with an 18% share of total exports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +7.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (-11.0% per year) and Japan (+39.1% per year).

Export Prices by Country

In 2021, the average molluscs export price amounted to $X per ton, growing by 9.6% against the previous year. In general, the export price, however, recorded a mild reduction. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.

Molluscs Imports

Imports into the Russian Federation

In 2021, overseas purchases of molluscs (scallops, mussels, cuttle fish, squid and octopus) increased by 64% to X tons, rising for the third year in a row after two years of decline. Over the period under review, imports, however, saw a perceptible curtailment. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, molluscs imports skyrocketed to $X in 2021. Overall, imports, however, saw a slight slump. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Peru (X tons), China (X tons) and New Zealand (X tons) were the main suppliers of molluscs imports to Russia, with a combined 94% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Peru (with a CAGR of +9.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of molluscs (scallops, mussels, cuttle fish, squid and octopus) to Russia, comprising 55% of total imports. The second position in the ranking was held by Peru ($X), with a 24% share of total imports. It was followed by New Zealand, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+14.5% per year) and New Zealand (+9.2% per year).

Import Prices by Country

In 2021, the average molluscs import price amounted to $X per ton, dropping by -6.1% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, molluscs import price decreased by -25.1% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 24% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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