Moscow, Russia — January 23 — Cherkizovo Group, Russia’s largest meat producer, increased its international shipments by close to 25% in volume terms in 2022. In Russian rubles, exports were up by more than 40% as the Company diversified its portfolio to increase the share of high value-added products.
In 2022, Cherkizovo Group’s total product exports exceeded 100,000 tonnes. Similarly to previous years, poultry accounted for a considerable part of the exported volume, making up some 75,000 tonnes. Last year, international shipments of poultry went up by more than 20%.
The strongest rise in 2022 export sales came from the sausage segment and turkey products: in either category, shipment volumes came close to 10,000 tonnes, up by around one third year-on-year. Pork shipments to international markets totaled approximately 15,000 tonnes, an increase of 15% against 2021.
By increasing the share of high value-added products (above all in the sausage category) in its export portfolio, Cherkizovo Group was able to expand its export revenue by more than 40% in 2022.
The bulk of Cherkizovo’s exports go to China, Kazakhstan and other markets of the Eurasian Economic Union, as well as Saudi Arabia and Vietnam. During the year, the Company increased the number of customers by growing the customer base in its traditional international markets while also entering new destinations such as Qatar, Angola, and more. For Muslim countries, Cherkizovo is ramping up the exports of halal products, which already account for over 10% of its international shipments in volume terms and are set to considerably increase going forward.
“In the coming years, China, the Eurasian Economic Union and Saudi Arabia will remain Cherkizovo Group’s key export destinations. At the same time, the Company is committed to diversifying its exports geography and seeks to secure regular shipments to the nations of the Persian Gulf, Africa, and Southeast Asia. As an example, we are very willing to tap into the markets of the Philippines, Malaysia, Indonesia, and other countries,” said Elena Volgusheva, Exports Director at Cherkizovo Trade House.