Report Update Nov 1, 2024

Russian Federation - Salmon (Prepared or Preserved) - Market Analysis, Forecast, Size, Trends and Insights

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Russian Federation: Preserved Salmon Market 2024

Preserved Salmon Market Size in the Russian Federation

In 2021, the Russian preserved salmon market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Over the period under review, consumption, however, saw a abrupt decline. Preserved salmon consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Preserved Salmon Production in the Russian Federation

In value terms, preserved salmon production soared to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt descent. Preserved salmon production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Preserved Salmon Exports

Exports from the Russian Federation

For the third consecutive year, Russia recorded growth in shipments abroad of salmon (prepared or preserved), which increased by 99% to X tons in 2021. Overall, exports showed measured growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, preserved salmon exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 44%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Belarus (X tons) was the main destination for preserved salmon exports from Russia, with a 51% share of total exports. Moreover, preserved salmon exports to Belarus exceeded the volume sent to the second major destination, China (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to Belarus totaled +49.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+91.7% per year) and the United States (+38.7% per year).

In value terms, Belarus ($X) emerged as the key foreign market for salmon (prepared or preserved) exports from Russia, comprising 36% of total exports. The second position in the ranking was held by Canada ($X), with a 13% share of total exports. It was followed by Armenia, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Belarus totaled +34.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+59.4% per year) and Armenia (+62.6% per year).

Export Prices by Country

In 2021, the average preserved salmon export price amounted to $X per ton, dropping by -40.6% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 34% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Belarus ($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 Armenia (+32.2%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Salmon Imports

Imports into the Russian Federation

In 2021, imports of salmon (prepared or preserved) into Russia skyrocketed to X tons, picking up by 5,404% on 2020. Over the period under review, imports, however, continue to indicate a noticeable setback. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, preserved salmon imports surged to $X in 2021. In general, imports showed a relatively flat trend pattern. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Latvia (X tons) was the main supplier of preserved salmon to Russia, with a 99% share of total imports. It was followed by Belarus (X kg), with a 1.5% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Latvia totaled +1.6%.

In value terms, Latvia ($X) constituted the largest supplier of salmon (prepared or preserved) to Russia, comprising 97% of total imports. The second position in the ranking was taken by Belarus ($X), with a 2.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Latvia totaled +8.8%.

Import Prices by Country

The average preserved salmon import price stood at $X per ton in 2021, declining by -39% against the previous year. Overall, the import price, however, continues to indicate a moderate increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 121% 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.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belarus ($X per ton), while the price for Latvia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+9.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for salmon (prepared or preserved) in the world?

The country with the largest volume of preserved salmon consumption was Norway, comprising approx. 60% of total volume. Moreover, preserved salmon consumption in Norway exceeded the figures recorded by the second-largest consumer, China, eightfold. The United States ranked third in terms of total consumption with a 4% share.

What are the largest producers of salmon (prepared or preserved) in the world?

Norway remains the largest preserved salmon producing country worldwide, comprising approx. 61% of total volume. Moreover, preserved salmon production in Norway exceeded the figures recorded by the second-largest producer, China, eightfold. The third position in this ranking was occupied by the United States, with a 4.3% share.

What are the leading suppliers of salmon (prepared or preserved) to the Russian Federation?

In value terms, Latvia constituted the largest supplier of preserved salmon to Russia.

What are the leading importers of salmon (prepared or preserved) from the Russian Federation?

In value terms, the largest markets for preserved salmon exported from Russia were Belarus, Armenia and Kazakhstan, together comprising 88% of total exports. These countries were followed by Ukraine and Moldova, which together accounted for a further 11%.

What is the average export price for salmon (prepared or preserved) in the Russian Federation?

In 2021, the average preserved salmon export price amounted to $1,813 per ton, picking up by 8.6% against the previous year.

What is the average import price for salmon (prepared or preserved) in the Russian Federation?

The average preserved salmon import price stood at $5,310 per ton in 2021, with a decrease of -39% against the previous year.

This report provides an in-depth analysis of the preserved salmon market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10202510 - Prepared or preserved salmon, whole or in pieces (excluding minced products and prepared meals and dishes)

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023