CIS: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in CIS

After three years of growth, the CIS market for peel of citrus fruit or melons decreased by -1.7% to $X in 2021. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Peel Of Citrus Fruit Or Melons in CIS

In value terms, citrus fruit or melons peel production reduced modestly to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 18%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Peel Of Citrus Fruit Or Melons

Exports in CIS

In 2021, the amount of peel of citrus fruit or melons exported in the CIS contracted rapidly to X tons, which is down by -81.7% compared with the previous year. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,408% against the previous year. As a result, the exports reached the peak of X tons, and then reduced markedly in the following year.

In value terms, citrus fruit or melons peel exports reduced markedly to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 703% against the previous year. As a result, the exports reached the peak of $X, and then contracted rapidly in the following year.

Exports by Country

Russia prevails in exports structure, recording X tons, which was near 91% of total exports in 2021. It was distantly followed by Armenia (X tons), constituting a 9% share of total exports.

Russia was also the fastest-growing in terms of the peel of citrus fruit or melons exports, with a CAGR of +106.1% from 2012 to 2021. At the same time, Armenia (+4.5%) displayed positive paces of growth. Russia (+90 p.p.) significantly strengthened its position in terms of the total exports, while Armenia saw its share reduced by -30.8% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest citrus fruit or melons peel supplier in the CIS, comprising 92% of total exports. The second position in the ranking was taken by Armenia ($X), with an 8% share of total exports.

In Russia, citrus fruit or melons peel exports expanded at an average annual rate of +96.6% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, surging by 97% against the previous year. Over the period under review, the export price saw a resilient increase. The pace of growth appeared the most rapid in 2016 an increase of 124%. Over the period under review, the export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Armenia stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Armenia (+11.1%).

Imports of Peel Of Citrus Fruit Or Melons

Imports in CIS

In 2021, citrus fruit or melons peel imports in the CIS surged to X tons, jumping by 46% compared with 2020 figures. Over the period under review, imports recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 52% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, citrus fruit or melons peel imports skyrocketed to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +63.5% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 68% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Russia dominates imports structure, accounting for X tons, which was near 93% of total imports in 2021. It was distantly followed by Belarus (X tons), mixing up a 6.2% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to citrus fruit or melons peel imports into Russia stood at +8.6%. At the same time, Belarus (+52.2%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +52.2% from 2012-2021. From 2012 to 2021, the share of Belarus increased by +5.9 percentage points.

In value terms, Russia ($X) constitutes the largest market for imported peel of citrus fruit or melons in the CIS, comprising 94% of total imports. The second position in the ranking was taken by Belarus ($X), with a 4.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +4.5%.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, which is down by -12.2% against the previous year. Overall, the import price saw a noticeable slump. The growth pace was the most rapid in 2014 when the import price increased by 15%. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while Belarus amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (-3.7%).

Source: IndexBox Platform

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