Competitiveness of agri-food products of Russia in current conditions

Abstract

Import substitution has become an important element of economic policies in the Russian Federation. Agriculture is one of the main sectors of the Russian economy, demonstrating significant results of import substitution. Therefore, it seems appropriate to analyze what growth rates of agricultural products have been achieved in terms of import substitution, whether manufactured products are competitive, what is the potential for further import substitution, due to which it is possible to ensure sustainable development of the industry in the long term. As a result of the research, it was established that despite the negative macroeconomic conditions formed after 2014, import substitution made it possible to achieve positive results in the development of the agro-industrial complex. The duration of the import substitution process is different for individual types of agricultural products and depends on a number of factors, both economic and technological. Competitiveness of domestic products in 2013-2016 increased significantly. The main factors for improving competitiveness were the favorable market conditions and the depreciation of the national currency. As the share of domestic products in the general market resources increases and / or the Russian ruble strengthens, growth opportunities in the agricultural sector of the economy will weaken due to import substitution, which requires searching for new development factors.