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Aquaculture equipment and technology to Russia

Russia’s aquaculture industry has shown strong signs of growth. The long-term strategy for Russian aquaculture development is to produce 700,000 tonnes at fish farms annually by 2030 (in 2017, the sector produced only 219,000 metric tons (MT) of seafood).

The Russian fish farming facilities and equipment are outdated and there is lack of qualified staff. New equipment is needed due to renovating and building of new sites. New energy efficient and clean technologies e.g. recirculating aquaculture systems, solutions for polluted and wastewater treatment can be offered to the Russian market. Also aquaculture specialist education is needed.

COMPANIES AND SECTORS BENEFITING FROM THIS OPPORTUNITY

Producers of aquaculture equipment
Aquaculture consultancy & engineering service companies

SOLUTIONS OR PRODUCTS NEEDED
Products with good market potential include e.g.:

  • equipment for recirculating aquaculture systems (RAS) (especially pumps and filters)
  • solutions for polluted and wastewater treatment, filtration, water monitoring systems
  • biogas equipment (for aquaculture waste processing)
  • gutting equipment
  • laboratory equipment
  • aeration systems
  • hatchery
  • aquaculture specialist education

BACKGROUND INFORMATION ABOUT THE MARKET

The long-term strategy for Russian aquaculture development is to produce 700,000 tonnes at fish farms annually by 2030, according to Ilya Shestakov, the head of the Russian Federal Fisheries Agency. In 2017, the sector produced only 219,000 metric tons (MT) of seafood, including 186,500 MT of fish and 33,100 MT of fish seed. Following examples showcase extensive growth targets: in Karelia, the regional industry development plan for 2018-2020 has set a goal for 20 new fish farms, with annual production of 30 000 tonnes for trout and 70 000 tonnes for salmon. Another example is Russian Aquaculture, one of Russia’s largest seafood producers, that plans to invest EUR 184,2 million in fish farming by 2020 enabling a production four times bigger than today.

Over the past decade Russian aquaculture has doubled its output from 105,000 tonnes in 2007 to 219,000 tonnes in 2017, much of the credit for which can be attributed to successful government policies supporting fish farming. In 2017-2018, more than a dozen new initiatives to build infrastructure for fish farming were announced. Russia’s federal government has allocated funds to help businesses ease the burden of loans for purchase of modern equipment, feed, or investment into building production capacity. The total amount allocated for rate subsidy on loans by aquaculture companies is about RUB 400 million (EUR 5.3 million) a year. Late 2017 fish farmers were granted opportunities to apply for soft loans from state-owned banks at a 5% interest rate, instead of the usual 18% rate. Most projects are strongly supported by local authorities as aquaculture is the best tool to get relatively cheap fish for regions located far from coastlines and to create more jobs. Some regions in Russia are even forcing the development of the sector, making it one of the top priorities.

TEAM FINLAND ACTIVITIES AVAILABLE FOR FINNISH COMPANIES
The Registered Association Finnish-Russian Chamber of Commerce (FRCC) assists Finnish companies to grasp business opportunities in Russia. In May 2017 and in February 2018, FRCC arranged trips for Finnish aquaculture companies to Velikyi Novgorod region. During the trips, the participants had the opportunity to visit several developing fish farms and to meet the Russian farmers.

In Spring 2020 we are planning the next event and trip for Finnish aquaculture companies. The biggest exhibition in Russian on the topic, Seafood Expo Russia will be held 21.09.-23.09.2020 in St. Petersburg and would be interesting.

If you are interested in the Russian market, please contact the Finnish-Russian Chamber of Commerce (FRCC) in St. Petersburg to get advice of where to target and who to contact. FRCC can also organize meetings with potential partners in Russia.

Regarding Russia, it is important to be proactive and offer solutions to the market!

For more information please contact:

Irina Krasnova (FIN, ENG, RU)
Advisor, Food Industry
irina.krasnova@spb.svkk.ru
+7 812 322 2121
+7 921 796 0338

Read also:
https://www.marketopportunities.fi/home/2019/aquaculture-equipment-and-technology-to-russia


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