The meat and dairy industry showed the largest growth in export revenue in 2020

Источник: The DairyNews
The Russian meat and dairy industry showed the largest growth in export revenue in 2020. In comparison with 2019, this indicator increased by 44%, writes The DairyNews with reference to the data of the review "Agricultural export of the regions of Russia", prepared by the Federal State Budgetary Institution Agroexport.

‘Compared to 2019, the largest growth in export revenue is observed for meat and dairy products (+44% year to year), other agricultural products (+36%), cereals (+32%) and fat and oil products (+25%). A decrease in the value of supplies relative to 2019 was observed for fish products (-2% year to year),’ the review says.

According to the authors of the document, the cumulative average annual growth rate of exports of agricultural products of Russia (CAGR) in the period from 2015 to 2020 was about 16%: the highest rate is traditionally demonstrated by the meat and dairy industry (+36%), as well as other agricultural products (+22%) and fat-and-oil products (+19%).

Among the products, the largest increase in supplies was shown by exports of lamb (the volume increased from $ 230 thousand in 2015 to $ 19.4 million in 2020), sunflower seeds ($40.2 million in 2015 and $ 566.3 million in 2020), pork ($9.2 million in 2015 and $ 335.6 million in 2020) and rapeseed seeds ($19.3 million in 2015 and $ 318.3 million in 2020).

The decrease in export volumes in 2020 compared to 2015 was observed in the supply of tobacco products, pasta, fermented dairy products, as well as dried and salted fish.

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