Key Market Indicators
Russian salmon imports are projected to drop 7.1% over the next five years, from $144 million in 2021 to nearly $96 million in 2026. Since 2001, the Russian market has grown by an average of 0.8% annually. In 2021, the Netherlands overtook Russia, becoming the largest importer of salmon with $144 million. The United States, Poland and France followed in second, third and fourth places. Fish production in Russia is projected to grow 2% annually, from 207,500 metric tons in 2021 to 237,140 metric tons in 2026. Since 1993, Russian fish production has increased by 3.6% each year. Fish consumption in Russia is anticipated to decrease 1.7% annually, from 683,000 metric tons in 2021 to 627,000 metric tons in 2026. Since 2017, Russian fish consumption has decreased by 3.5% each year. South Korea was the largest consumer of fish in 2021, with 683,000 metric tons. Japan, the Philippines and the United States followed in second, third and fourth places.