CIS: Soya Bean Market 2025

Soya Bean Market Size in CIS

In 2021, the CIS soya bean market decreased by -7.5% to $X for the first time since 2011, thus ending a nine-year rising trend. Overall, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2020, and then declined in the following year.

Soya Bean Production in CIS

In value terms, soya bean production dropped to $X in 2021 estimated in export price. In general, production showed a resilient increase. The pace of growth appeared the most rapid in 2014 with an increase of 45%. The level of production peaked at $X in 2020, and then shrank modestly in the following year.

The country with the largest volume of soya bean production was Russia (X tons), comprising approx. 93% of total volume. Moreover, soya bean production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume in Russia stood at +11.1%.

In 2021, the average yield of soya beans in the CIS reduced to X tons per ha, remaining stable against the year before. The yield figure increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 14% against the previous year. Over the period under review, the soya bean yield attained the peak level at X tons per ha in 2020, and then shrank modestly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of soya beans were harvested in the CIS; growing by 1.6% compared with 2020. The total harvested area indicated a prominent increase from 2012 to 2021: its figure increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soya bean harvested area decreased by -1.6% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the harvested area increased by 55% against the previous year. The level of harvested area peaked at X ha in 2019; afterwards, it flattened through to 2021.

Soya Bean Exports

Exports in CIS

In 2021, approx. X tons of soya beans were exported in the CIS; which is down by -18.9% on the previous year. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 202% against the previous year. The volume of export peaked at X tons in 2020, and then contracted markedly in the following year.

In value terms, soya bean exports shrank to $X in 2021. Over the period under review, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2015 with an increase of 130%. The level of export peaked at $X in 2020, and then shrank slightly in the following year.

Exports by Country

Russia prevails in exports structure, reaching X tons, which was approx. 97% of total exports in 2021. Kazakhstan (X tons) took a little share of total exports.

Russia was also the fastest-growing in terms of the soya beans exports, with a CAGR of +26.6% from 2012 to 2021. Kazakhstan (-1.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Russia increased by +35 percentage points.

In value terms, Russia ($X) remains the largest soya bean supplier in the CIS, comprising 95% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia stood at +31.4%.

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per ton, picking up by 20% against the previous year. In general, the export price saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Kazakhstan ($X per ton), while Russia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+8.9%).

Soya Bean Imports

Imports in CIS

In 2021, imports of soya beans in the CIS fell significantly to X tons, reducing by -22.2% against the previous year's figure. Over the period under review, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 102% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then fell rapidly in the following year.

In value terms, soya bean imports dropped modestly to $X in 2021. Overall, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2013 when imports increased by 97% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) represented the major importer of soya beans, mixing up 82% of total imports. It was distantly followed by Belarus (X tons), comprising a 13% share of total imports. The following importers - Kazakhstan (X tons) and Azerbaijan (X tons) - each reached a 3.8% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to soya bean imports into Russia stood at +11.8%. At the same time, Kazakhstan (+65.4%), Belarus (+59.9%) and Azerbaijan (+13.5%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +65.4% from 2012-2021. Belarus (+13 p.p.) and Kazakhstan (+2.2 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -15.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported soya beans in the CIS, comprising 77% of total imports. The second position in the ranking was taken by Belarus ($X), with a 17% share of total imports. It was followed by Kazakhstan, with a 2.7% share.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +11.1%. In the other countries, the average annual rates were as follows: Belarus (+61.4% per year) and Kazakhstan (+58.4% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per ton, rising by 23% against the previous year. Overall, the import price recorded a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Azerbaijan ($X per ton) and Belarus ($X per ton), while Russia ($X per ton) and Kazakhstan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+4.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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