Finnish Aquaculture Products and Technology to Russia – Fish Farming Growth
Russia’s aquaculture industry shows strong signs of growth. The long-term strategy for Russian aquaculture development is to produce 700,000 tons of fish annually by 2030 in fish farms. Given that, demand for example aquafeed is predicted to increase from 220,000 MT in 2016 to nearly 900,000 MT by 2030.
This shows huge market potential for investors and suppliers of fish farming technologies.
The Russian fish farming facilities and equipment are outdated and there is lack of qualified staff.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, such as recirculating aquaculture systems, solutions for polluted water and wastewater treatment can be offered to the Russian market. There is also need for aquaculture specialists’ education.
Russian aquaculture farms are also interested in feeds, which are mostly imported to Russia from other countries. In addition, fish eggs and fry are strongly needed in Russia.
Companies and sectors benefiting from this opportunity:
- Producers of aquaculture equipment
- Aquaculture consultancy & engineering service companies
- Producers of fish feeds
- Suppliers of fish eggs and fry
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
- aquaculture specialist education
- fish feeds
- fish eggs and fry
Team Finland activities available for Finnish companies
Finnish-Russian Chamber of Commerce (FRCC) assists Finnish companies to grasp business opportunities in Russia.
The biggest exhibition in Russian on the topic, Seafood Expo Russia will be held 06.07.-08.07.2021 in St. Petersburg.
Finnish Russian Chamber of Commerce can also organize meetings with potential partners in Russia.
Are you interested in seizing this opportunity?
Irina Krasnova (Eng, Fi, Ru)
Senior advisor, St. Petersburg office
+7 921 796 0338
Read more about this opportunity:
The main production volumes of commodity products fall in the Far Eastern Federal District, Southern and North-Western federal districts.
There are about 3,000 farms in total operating in aquaculture industry. 72% of them are pond and pasture farms, 25% are industrial (where 5 % share is mariculture and 1% only is RAS). 62% of all farm enterprises produce less than 10 tons of fish, and only 1% of them has production volume over 1,000 t.
Carp, trout, salmon and sturgeon are the four main species in aquaculture production in Russia.
Russian government identified Aquaculture as a top priority sector within the Agriculture industry:
- The State Federal Agency for Fisheries by May 2019 allocated 3 700 water sites of the total area 500 000 hectare. Early in 2020 Russia simplified the rules for obtaining land to be used for fish farming. Since then, breeding volumes have increased and capacity in salmon farming has doubled.
- 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.
- To stimulate the high added value products output, in accordance with the Decree of the Government of the Russian Federation No. 137 as of February 12, 2020, a new support measure was introduced providing for compensation of 25% of the actual cost of construction, modernization of processing and preserving capacities specializing in fish, crustaceans and mollusks.
In 2014 Russia introduced counter sanctions that included a ban on salmon imports from countries such as Norway. After the introduction of counter-sanctions by Russia, about 122,000 tons of salmon were no longer eligible for domestic imports. Now the volume of Russian production has exceeded 90,000 tons, that is, close to replacing previous imported volumes.