RUSIA

Russian meat exports to grow by 27 percent in 2024

China, Saudi Arabia and Belarus are the three main destinations for Russian meat according to data from the Russian Ministry of Agriculture, the country has managed to export 700,000 tons of meat throughout 2024, 27% more than in 2023.

Posted on Jan 31 ,00:15

Russian meat exports to grow by 27 percent in 2024

The behavior for each of the categories has been different since in the case of pork the country exported 33% more, 25% more poultry meat and 22% more beef.

According to the Ministry, Russia has now achieved more than 100% self-sufficiency in meat and meat products, which "not only ensures domestic food security, but also allows for increased exports", the ministry said.

In value terms, Russian exports of meat and by-products grew 24% to a record $1.7 billion, and were broken down into approximately 48% poultry, 37% pork and 14% beef.

Exports rose 17% to $800 million for poultry and by-products, 42% to a record of more than $610 million for pork and 16% to more than $230 million for beef.

China, Russia's top importer of poultry and beef, has been the largest buyer of Russian meat since 2019. Meat sales to the country are expected to rise 14% to $560 million in 2024, according to estimates,

The top three importers also include Saudi Arabia, whose exports rose 90% to nearly $230 million in 2024, and Belarus, whose exports rose 10% year-on-year to $226 million in the first ten months of the year.

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