CIS: Margarine And Shortening Market 2025

Margarine And Shortening Market Size in CIS

In 2022, the CIS margarine and shortening market increased by 13% to $X, rising for the second year in a row after three years of decline. Overall, consumption showed a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Margarine And Shortening Production in CIS

In value terms, margarine and shortening production shrank slightly to $X in 2022 estimated in export price. In general, production recorded a pronounced reduction. The pace of growth was the most pronounced in 2017 with an increase of 16% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Margarine And Shortening Exports

Exports in CIS

For the sixth consecutive year, the CIS recorded growth in overseas shipments of margarine and shortening, which increased by 11% to X tons in 2022. Overall, exports showed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 24%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, margarine and shortening exports declined slightly to $X in 2022. In general, exports recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. As a result, the exports reached the peak of $X, and then declined slightly in the following year.

Exports by Country

Russia was the largest exporter of margarine and shortening in the CIS, with the volume of exports accounting for X tons, which was near 74% of total exports in 2022. It was distantly followed by Kazakhstan (X tons), making up a 21% share of total exports. Uzbekistan (X tons) followed a long way behind the leaders.

Exports from Russia increased at an average annual rate of +7.9% from 2012 to 2022. At the same time, Uzbekistan (+84.9%) and Kazakhstan (+26.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +84.9% from 2012-2022. Kazakhstan (+16 p.p.) and Uzbekistan (+3.6 p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by -9% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest margarine and shortening supplier in the CIS, comprising 74% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 20% share of total exports.

In Russia, margarine and shortening exports expanded at an average annual rate of +5.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+22.9% per year) and Uzbekistan (+88.5% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, reducing by -12.4% against the previous year. Overall, the export price recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 when the export price increased by 43% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Uzbekistan ($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 (+1.9%), while the other leaders experienced a decline in the export price figures.

Margarine And Shortening Imports

Imports in CIS

Margarine and shortening imports soared to X tons in 2022, picking up by 27% compared with 2021 figures. Overall, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2017 when imports increased by 40%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, margarine and shortening imports soared to $X in 2022. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 44%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Uzbekistan was the key importer of margarine and shortening in the CIS, with the volume of imports reaching X tons, which was approx. 40% of total imports in 2022. Kazakhstan (X tons) took the second position in the ranking, followed by Russia (X tons), Azerbaijan (X tons), Tajikistan (X tons), Belarus (X tons), Armenia (X tons) and Kyrgyzstan (X tons). All these countries together held approx. 57% share of total imports.

Uzbekistan was also the fastest-growing in terms of the margarine and shortening imports, with a CAGR of +42.3% from 2012 to 2022. At the same time, Azerbaijan (+10.1%), Kazakhstan (+9.4%), Tajikistan (+6.5%), Armenia (+6.5%), Kyrgyzstan (+6.2%) and Belarus (+1.1%) displayed positive paces of growth. By contrast, Russia (-5.0%) illustrated a downward trend over the same period. Uzbekistan (+40 p.p.) significantly strengthened its position in terms of the total imports, while Belarus and Russia saw its share reduced by -5.8% and -30.8% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest margarine and shortening importing markets in the CIS were Uzbekistan ($X), Kazakhstan ($X) and Russia ($X), with a combined 68% share of total imports.

Uzbekistan, with a CAGR of +52.7%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per ton, rising by 11% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 25% 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 Russia ($X per ton), while Tajikistan ($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 (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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