World meat industry news

Trade in Russia began to decline after the start of the special operation and the introduction of sanctions policies by other countries, however, in 2023, the trade macro sector and other sectors of the domestic economy showed a strong recovery impulse.

In the second quarter of 2023, Russia's GDP increased by 4.9%, the growth rate of the trade macro-sector was 11%. Retail trade grew by 9%, wholesale – by 12.5%. This was influenced by increased consumer activity.

In retail trade, food products, including drinks and tobacco products, account for 47%, and non-food products - 53%. The top five most popular food product groups include meat and meat products – 7.6%; dairy products – 4.5%; confectionery products – 3.7%; tobacco products – 3%; bread and bakery products – 2.2%.

The most popular non-food product groups were gasoline and diesel fuel – 7.6%; cars – 6%; clothing – 4.5%; medications – 4.4%; cosmetics and perfumes – 2.8%.

One of the trends in retail has been the rapid development of online sales. In July, sales via the Internet in annual terms increased 1.5 times, their share amounted to 10.2% of total retail turnover.

At the same time, the recovery of wholesale trade is happening faster than retail trade. The largest product groups in it were fuel products - 27.9%; food products – 22.8% and non-food consumer goods – 13.6%.

Chairman of VEB.RF Igor Shuvalov, during the on-site session of the Eastern Economic Forum (EEF) “Growing Brands of the Far East,” previously said that it is necessary to think about and work out the situation with the trade of Russian brands.