Тrends in the development of pollock products markets
https://doi.org/10.46845/2073-3364-2023-0-4-77-85
Abstract
In the face of constant market changes, an attempt has been made to assess the development trends of pollock products in Russia relative to the global catch and sales prices. To analyze the trends in pollock product markets, the volume of pollock catch worldwide and in Russia, the cost of pollock in international and Russian markets, and the volume of Russia's export and import sales in both value and quantity were determined. Global pollock catch increased by 9% (296 thousand tons) from 3248 thousand tons to 3544 thousand tons. Russian catch also increased by 17% (260 thousand tons) from 1567 thousand tons to 1827 thousand tons. Meanwhile, the quantity of exported pollock products decreased from 828 thousand tons in 2013 to 684 thousand tons in 2021, indicating a confident growth in domestic demand and consumption of pollock within the country. At the same time, the price level for frozen pollock products (block-frozen) on the domestic market is 19.2% higher than export prices, while prices for pollock fillets are similar in both domestic and foreign markets. Additionally, the cost of pollock products for export is 20-30% lower than the prices in International markets and the trade of fisheries and aquaculture products contracts. Therefore, it is important to ensure a market supply that will guarantee an optimal price level for producers in the foreign market.
About the Authors
G. A. Voloshin
Center for Economic Research in Fisheries of Russian federal research institute of fisheries and oceanography (VNIRO)
Russian Federation
Russian Federation
Gregory A. Voloshin - Deputy Director
Moscow
D. V. Artemenkov
Department of Fisheries Hydrobionts Russian federal research institute of fisheries and oceanography (VNIRO)
Russian Federation
Russian Federation
Dmitriy V. Artemenkov - Senior Scientific Officer
Moscow
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Review
For citations:
Voloshin G.A., Artemenkov D.V. Тrends in the development of pollock products markets. Baltic Economic Journal. 2023;(4(44)):76-85. (In Russ.) https://doi.org/10.46845/2073-3364-2023-0-4-77-85
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