Meat market: analysis of key trends in 2023

Resumption of growth in MEAT production in RUSSIA

In 2001-2022 There was a steady increase in meat production volumes in the Russian Federation. At the same time, in 2021 there was some stagnation of indicators - the growth rate slowed down noticeably.

Production of meat of all types  in 2022 , according to updated data from Rosstat, amounted to 11,744.2 thousand tons in slaughter weight, which is 3.5% (398.0 thousand tons) more than in 2021. Including pork production increased by 5.3%, poultry meat - by 4.5%. At the same time, the volume of beef production decreased by 3.2%, lamb and goat meat - by 2.5%, and other types of meat - by 3.3%.

In January-June 2023 , when compared with the same period in 2022, the production of meat of all types increased by 2.7% and amounted to 5,583.2 thousand tons in slaughter weight.

In particular, the production of pork increased by 4.7%, poultry meat by 1.5%, beef by 0.8%, lamb and goat meat by 0.4%. Production of other types of meat decreased slightly - by 0.04%.

Reduction in EXPORT supplies of meat and meat products in 2022 and their restoration in January-July 2023

2022  Exports of meat and meat products from Russia in 2022, according to AB-Center estimates, decreased in volume by 17.3% (hereinafter - excluding trade with the EAEU countries and Iran). In value terms, the figures, on the contrary, increased slightly - by 4.0%.

The most noticeable decrease in supplies was noted for pork, pork by-products and pork lard. Beef exports fell slightly. At the same time, there was an increase in export supplies of poultry meat.

January-July 2023.  In January-July 2023, exports of meat and meat products from Russia increased by 6.9%. At the same time, its cost increased by 0.2%.

The overall increase in export volumes was mainly due to the recovery of pork supplies (pork exports increased by 53.4%) and pork by-products (by 78.8%). At the same time, the volume of shipments of beef (by 12.8%) and poultry meat (by 5.2%) decreased.

In the structure of export supplies of meat and meat products, according to AB-Center estimates, in January-July 2023, the most significant share is occupied by chicken meat - 57.3% and pork - 20.1%. Pork offal accounted for 8.9% of the total supply, beef - 6.3%, turkey meat - 5.4%.

Decrease in import supplies of meat and meat products in 2022, in January-July 2023

2022  Import supplies of meat and meat products to Russia in 2022, according to AB-Center estimates, decreased by 14.7%. At the same time, in value terms, imports , on the contrary, increased by 4.6%.

The reduction in supplies in 2022 was mainly due to a noticeable drop in imports of poultry meat (2.4 times). The supply of lamb, horse meat, pork fat, and pork by-products has also decreased. At the same time, there was an expansion in the import of pork, beef, and beef by-products.

January-July 2023.  In January-July 2023, imports of meat and meat products decreased by 1.4%. At the same time, the cost of supplies increased slightly - by 1.9%.

In January-July 2023, supplies of pork and pork by-products decreased noticeably, both in volume and in value terms. At the same time, the volumes of imports of beef, beef by-products and poultry meat increased slightly.