Russia Looks to Tap into Tunisia’s Thriving Fish Market – Tunisia’s high fish consumption per capita can be attributed to its proximity to the Mediterranean Sea, which has been an essential source of fish for the country for centuries. The country’s fish market has been attracting foreign suppliers due to its potential for growth and profitability. Tunisia’s fish market has been growing in recent years due to increased demand from local consumers and foreign markets.
Russia’s interest in Tunisian fish products is not surprising given the country’s significant involvement in the global fishery industry. The Russian Federation is one of the world’s largest exporters of fish and fishery products by value, ranking sixth behind Norway, China, India, Vietnam, and Canada. This new export opportunity will help Russia take advantage of Tunisia’s demand for fish and fishery products.
According to the Trademap platform, Tunisia’s fish and fishery product purchases on the international market totaled more than $100 million in 2021. This amount indicates the significant potential of the Tunisian market, which is why it has attracted the attention of foreign suppliers.
This move by Russia to obtain veterinary certificates for fish products and fish meal is in line with its broader ambitions to increase its food shipments to Africa. In August 2022, Russia announced a roadmap targeting nine African countries, including Tunisia, Angola, and Cameroon, as part of its objective to expand its food exports to the continent.
The Tunisian fish market’s potential for growth has not gone unnoticed by other countries.
For instance, the European Union has been working with Tunisia to develop its fishery industry, including implementing sustainable fishing practices and improving the sector’s competitiveness. The EU has also been working with Tunisia to increase fish exports to the European market by improving the quality and safety of Tunisian fish products.
Russia Looks to Tap into Tunisia’s Thriving Fish Market