The export of caviar from Russia experienced significant fluctuations over the past decade. From 2013 to 2015, there was a substantial decline in volume, bottoming out in 2015. Between 2016 and 2018, there was a notable recovery, with the highest export volume reaching 891.89 thousand kilograms in 2018. From 2019 onwards, the export volumes consistently hovered around the 750-800 thousand kilograms mark, with 2023 standing at 802.75 thousand kilograms.
Year-on-year variation in recent years displayed a steadier trend compared to previous volatile shifts:
- 2021 saw an increase of 14.84% compared to 2020
- 2022 recorded a modest growth of 5.6% over 2021
- 2023 exhibited a minimal increase of 0.31% over 2022
Analyzing the Compound Annual Growth Rate (CAGR):
- From 2013 to 2018, the CAGR was highly variable, indicating instability
- Over the last five years leading to 2023, the CAGR was -2.08%
- The next five years forecast a nearly stagnant CAGR of 0.27%, suggesting slow growth
Future trends to watch for include:
- Potential geopolitical factors impacting trade regulations and market access
- Environmental sustainability and changes in fishery management affecting caviar production
- Shifts in global demand and luxury market dynamics
