Key Market Indicators
Russian salmon imports are projected to drop 7.1% over the next five years, from $144 million in 2021 to nearly $96 million in 2026. Since 2001, the Russian market has grown by an average of 0.8% annually. In 2021, the Netherlands overtook Russia, becoming the largest importer of salmon with $144 million. The United States, Poland and France followed in second, third and fourth places. Fish production in Russia is projected to grow 2% annually, from 207,500 metric tons in 2021 to 237,140 metric tons in 2026. Since 1993, Russian fish production has increased by 3.6% each year. Fish consumption in Russia is anticipated to decrease 1.7% annually, from 683,000 metric tons in 2021 to 627,000 metric tons in 2026. Since 2017, Russian fish consumption has decreased by 3.5% each year. South Korea was the largest consumer of fish in 2021, with 683,000 metric tons. Japan, the Philippines and the United States followed in second, third and fourth places.
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Seafood Industry: Prospects and Challenges in the Evolving Shark Meat Market
The shark meat market, a significant segment of the overall seafood industry, is characterized by both conventional and niche supply chains. Despite the lack of precise global data, recent research suggests that there is substantial demand in certain regional markets, particularly in Asia and parts of Europe where shark meat...
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Automotive Sector: Diving Deep into Trends Shaping the Tappet Market Landscape
The tappet market, a critical subset of the wider automotive sector, is going through a dynamic phase. Despite facing headwinds due to automotive industry slowdown and supply chain disruptions from COVID-19, it has showcased resilience. Demand for tappets, responsible for lifting the valve and integral to vehicle performance, remains consistent....
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Aquaculture Sector: Encapsulating the Tilapia Market's Sweeping Dynamics and Future Projections
The aquaculture industry has become increasingly pivotal within the global food supply chain, with tilapia being one of its major products. Favorable factors such as its cost effectiveness and high nutritional value have positioned tilapia as an attractive option for producers and consumers alike. Furthermore, advancements in technology and improved...
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Industrial Minerals Arena: Exploring Attapulgite Market's Trends, Growth and Forecasts
The trends of the attapulgite market, a specific segment of industrial minerals, are being spurred by a confluence of factors. Technological advancements have resulted in more efficient means of extracting and processing attapulgite, which is exceptionally absorbent and used in a variety of industries such as paints, medical and scientific...
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Industry Focus: Exploring Turboexpander Market's Dynamic Growth and Trends
The growth of the turboexpander market is primarily spurred by rising demand in energy-intensive sectors, notably petrochemicals and liquified natural gas (LNG). Industrial process efficiency improvements and energy recovery strategies have led to increased incorporation of turboexpanders. Mandatory environmental regulations are also scripting the demand trajectory, pushing industries towards the...
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