CIS: Biological Product Market 2024

Biological Product Market Size in CIS

In 2022, the CIS biological product market decreased by X% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption continues to indicate a perceptible decline. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Biological Product Production in CIS

In value terms, biological product production fell to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Biological Product Exports

Exports in CIS

In 2022, overseas shipments of biological products increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, biological product exports reached $X in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

In 2022, Russia (X tons) represented the largest exporter of biological products in the CIS, creating X% of total export.

Russia was also the fastest-growing in terms of the biological products exports, with a CAGR of X% from 2012 to 2022. While the share of Russia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest biological product supplier in the CIS.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to X%.

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, continues to indicate a pronounced expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Biological Product Imports

Imports in CIS

In 2022, after three years of growth, there was significant decline in supplies from abroad of biological products, when their volume decreased by X% to X tons. Total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2021, and then declined dramatically in the following year.

In value terms, biological product imports shrank markedly to $X in 2022. Over the period under review, imports, however, showed a temperate increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked at $X in 2021, and then dropped sharply in the following year.

Imports by Country

In 2022, Russia (X tons) represented the main importer of biological products, creating X% of total imports. It was distantly followed by Uzbekistan (X tons) and Tajikistan (X tons), together achieving a X% share of total imports. Kazakhstan (X tons) took a minor share of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of biological products. At the same time, Tajikistan (X%) and Uzbekistan (X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. By contrast, Kazakhstan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) and Tajikistan (X p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan and Russia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported biological products in the CIS, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, biological product import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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