Russia maintains most of its access to major markets, but still faces enough disruption to implement an updated fisheries policy focused on increasing processing capacity and boosting domestic consumption.
For example, Russia’s seafood exports continue to flow to Japan, even though Russia stripped it of its most-favoured-nation status in March 2022 following its invasion of Ukraine.
The total import of Russian seafood to Japan in 2020 was USD 900 million accounting for 7% of Japan’s seafood imports.
According to Japan’s Ministry of Finance, imports of red king crab (Paralithodes spp.) from Russia to Japan from January to August 2022 totaled 1,287,769 kilograms, worth 10.5 billion yen (US$72.8 million, €74.4 million). Did. kilograms 4.7 billion yen (32.6 million USD, 33.3 million euros) during the same period in 2021, an increase of 31%. However, the value of the yen has fallen sharply in recent months, so a direct comparison is not possible.
Imports of snow crab (Snow crab species) will drop to 7 million kilograms worth 22 billion yen (US$152 million, €155.2 million) compared to just over 4 million kilograms in the same period in 2022. Japanese Yen (US$93.6 million). million, €93.8 million), a 77% volume increase in 2021. Japan’s imports of Pollock (Theragra chalcogramma) surimi from Russia for the period January to August 2022 totaled 11.2 million kilograms, worth 5.1 billion yen (US$35 million, €35.1 million). This equates to 430 million yen (US$2.9 million, €3 million) for him at just 1.3 million kilograms.
This significant increase may reflect an increase in Russia’s domestic processing capacity.
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