CIS: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in CIS

After two years of decline, the CIS market for protein concentrates and flavoured or coloured sugar syrups increased by 37% to $X in 2021. The market value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in CIS

In value terms, production of protein concentrates and flavoured or coloured sugar syrups expanded markedly to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 18%. Over the period under review, production of hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports in CIS

In 2021, shipments abroad of protein concentrates and flavoured or coloured sugar syrups increased by 42% to X tons, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a moderate expansion. The pace of growth was the most pronounced in 2015 when exports increased by 177% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups soared to $X in 2021. In general, exports recorded a notable increase. The pace of growth was the most pronounced in 2015 when exports increased by 174%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Russia was the main exporting country with an export of about X tons, which resulted at 83% of total exports. It was distantly followed by Belarus (X tons), generating a 14% share of total exports. Moldova (X tons) held a minor share of total exports.

Exports from Russia increased at an average annual rate of +5.3% from 2012 to 2021. At the same time, Moldova (+16.8%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +16.8% from 2012-2021. Belarus experienced a relatively flat trend pattern. Russia (+4.1 p.p.) and Moldova (+3.1 p.p.) significantly strengthened its position in terms of the total exports, while Belarus saw its share reduced by -6.9% from 2012 to 2021, respectively.

In value terms, Russia ($X) remains the largest protein concentrate and flavoured or coloured sugar syrup supplier in the CIS, comprising 80% of total exports. The second position in the ranking was taken by Belarus ($X), with a 16% share of total exports.

In Russia, exports of protein concentrates and flavoured or coloured sugar syrups increased at an average annual rate of +6.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Belarus (-5.8% per year) and Moldova (+32.4% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, growing by 13% against the previous year. Over the period under review, the export price, however, recorded a mild downturn. The most prominent rate of growth was recorded in 2017 an increase of 39%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belarus ($X per ton), while Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (+13.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports in CIS

After three years of decline, purchases abroad of protein concentrates and flavoured or coloured sugar syrups increased by 31% to X tons in 2021. In general, imports, however, showed a slight reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 54%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports of reached the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia was the key importing country with an import of about X tons, which reached 60% of total imports. It was distantly followed by Kazakhstan (X tons), Moldova (X tons) and Belarus (X tons), together achieving a 33% share of total imports. The following importers - Uzbekistan (X tons) and Kyrgyzstan (X tons) - each amounted to a 4.1% share of total imports.

Imports into Russia decreased at an average annual rate of -4.3% from 2012 to 2021. At the same time, Uzbekistan (+162.4%), Kazakhstan (+29.3%) and Moldova (+13.3%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +162.4% from 2012-2021. By contrast, Belarus (-5.0%) and Kyrgyzstan (-13.5%) illustrated a downward trend over the same period. Kazakhstan (+20 p.p.), Moldova (+4.3 p.p.) and Uzbekistan (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Belarus, Kyrgyzstan and Russia saw its share reduced by -2.2%, -4.3% and -21.5% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported protein concentrates and flavoured or coloured sugar syrups in the CIS, comprising 56% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 24% share of total imports. It was followed by Uzbekistan, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at -5.6%. In the other countries, the average annual rates were as follows: Kazakhstan (+36.4% per year) and Uzbekistan (+226.3% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2021, increasing by 21% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 29%. Over the period under review, import prices attained the peak figure in 2021 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 Uzbekistan ($X per ton), while Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+24.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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