World frozen fish exports, 3Q 2024

Industry Economic

December 17th, 2024

Frozen fish remains the main product of Russian fish exports, its supplies provide 50% of the value of fish exports from Russia and 80% of the tonnage. In terms of frozen fish export volume, Russia traditionally occupies a leading position among world exporters.

According to the results of three quarters of the current year, Russia exported more than 1 million tons of frozen fish. According to international statistics analyzed by the Fishery Shipowners Association (FSA), Russian supplies amounted to 17.4% of the total global frozen fish export volume, which exceeded the share at the end of 2023 (16.2%). The top five leaders in terms of volume for 9 months also include China (11.7%), the Netherlands (7.2%), Norway (7%), and the USA (6.6%). Moreover, the USA displaced Chile, which occupied the fifth line at the end of 2023. The positions at the end of last year were distributed as follows: Russia (16.2%), China (7.2%), Norway (5.2%), the Netherlands (4.9%), Chile (4.7%).

Global frozen fish exporters, 2023/3Q 2024

Up to half of the tonnage in the Russian frozen fish export portfolio is pollock, the rest is distributed between sardines, including ivasi, herring, cod, salmon and other types of fish.

World exports of fish and seafood for the 9 months of 2024 reached almost $ 86 billion and by the end of the year will most likely be close to the level of 2023. In 2023, it amounted to $ 138.7 billion, which is 6.4% lower than the 2022 figure. Russia's share in the value of global fish exports for the first 9 months of this year amounted to 4.6% (4.2% by the end of 2023).