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03 November 2012

Russian Fish Exports Decrease

In January-September fishing companies of Primorye region supplied 327.1 MT of fish and seafood to foreign buyers.

As reported by the press service of the Primorye statistics agency, compared to the same period last year the exports declined by 10.3 per cent.
This figure is yet another evidence of what I told in my previous posts. I mean measures that the Russian government is taking to increase supply of fish to the domestic market. That could not but effect export/import ratio.
Along with that, cost of fish exports rose by 3.6 per cent to $ 541.6 million. It means that Russian fishing companies exported more fish with a higher added value. In the structure of export the biggest shares are traditionally taken by following products:
-          fresh and frozen fish - $ 361.7 million, or 67 per cent
-          fish roe, liver, milt - $ 74 million, or 14 per cent
-          crustaceans - $ 52.7 million, or 10 per cent.
For the nine months of 2012 Russian fish and seafood was exported to 14 countries. The highest value of exports was recorded for the neighboring Pacific countries:
-          the Republic of Korea - $ 205 million, or 38 per cent
-          China - 178.3 million, or 33 per cent
-          Japan - 74.7 million, or 14 per cent.
If the trend continues, in 2013 total volumes of seafood exports will further decline along with a rise of average cost. But let’s wait and see.

Posted on 7:44 AM | with 0 comments
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