Russian seafood imports from China surging at stunning pace

November 23, 2006 16:27
In the first three quarters of the current year 2006 Russian importers have increased their seafood purchases from China and the largest rise of as much as 16587,60% in value and 11713,60% in volume among selected import items has been observed for sea scallops, according to FISHNET analysts who have scrutinized provisional data of Russia's Federal Custom Service.

The development is in keeping with the current trend of China's strengthening positions on the Russian seafood market. The Chinese factories are swallowing increasing volumes of Russian raw material to send back whitefish fillets and other finished products. In particular, latest reports claim that Chinese seafood giant Pacific Andes has taken over a number of Russian APO quota holders to feed the growing appetite of its factories while the firm's processing capacity is being boosted by another huge land-based plant in the process of construction.

The second largest increase of 437,63% in value and 316,67% in volume of Chinese shipments to Russia in the first three quarters of 2006 as compared to the same period last year has been recorded for frozen fillets of ocean perch (Sebastes sрр.).

Chinese producers have also made a further boost to their supplies of frozen fillets of Alaska pollock (Theragra chalcogramma).

The rising trend for APO fillet supplies from China can be viewed in the graphs as below.

Russia's imports of APO fillets from China

Диаграмма по импорту из Китая2

Along with the overall growth of seafood exports to Russia, in 2006 China has also widened the list of exported seafood items which now contains frozen Pacific salmons (HSC 0303 1), Merluccius hake fillets frozen (HSC 0304 90 47) and frozen Great scallops Pecten maximus (HSC 0307291).

The only drop both in terms of volume and value of seafood imported to Russia from China has been observed for prepared packed shrimps falling by 66,88% and 54,33% correspondingly.

Russia's seafood imports from China in the first three quarters 2006 as compared to the same period 2005

HSC

1-3 quarters 2006

1-3 quarters 2005

1-3 qr. 2006 versus 1-3 qr. 2005

Value, USD

Volume, kg

Price, USD per kg

Value, USD

Volume, kg

Price, USD per kg

Value, +/- %

Volume, +/- %

Price in USD per kg, +/- %

0303 1 - Pacific salmons (Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tschawytscha, Oncorhynchus kisutch, Oncorhynchus masou and Oncorhynchus rhodurus) frozen

16809

12930

1,30

0304 90 47 - hake fillets (Merluccius sрр.), frozen

106264

75010

1,42

Total – hake frozen, including fillets - 0303 78 1 + 0304 90 47

106264

75010

1,42

0306 13 800 - other shrimps

97908

47858

2,05

23534

8563

2,75

316,03%

458,89%

-25,56%

1605 20 - prepared packed shrimps

100262

35487

2,83

302737

77701

3,90

-66,88%

-54,33%

-27,48%

0307291 - Great scallops Pecten maximus, frozen

51100

10220

5,00

0307299 - Other

258324

59068

4,37

1548

500

3,10

16587,60%

11713,60%

41,26%

030721 + 030729 - Sea scallops total

309424

69288

4,47

0304 20 850 0 - frozen fillets of Alaska pollock (Theragra chalcogramma)

20566593

10073822

2,04

6971781

3845912

1,81

195,00%

161,94%

12,62%

030420350 + 030420370 - frozen fillets of ocean perch (Sebastes sрр.)

50000

25000

2,00

9300

6000

1,55

437,63%

316,67%

29,03%

Total import of finfish and other aquatic species 03, 1604, 1605

81746622

38599447

2,12

53078876

32998668

1,61

54,01%

16,97%

31,66%

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