Russian Federation: Avocado Market 2024

Avocado Market Size in the Russian Federation

In 2022, the Russian avocado market decreased by -4.6% to $X for the first time since 2015, thus ending a six-year rising trend. Overall, consumption, however, continues to indicate a prominent increase. Avocado consumption peaked at $X in 2021, and then contracted in the following year.

Avocado Exports

Exports from the Russian Federation

In 2022, overseas shipments of avocados decreased by -21.9% to X tons for the first time since 2014, thus ending a seven-year rising trend. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 327% against the previous year. The exports peaked at X tons in 2021, and then dropped rapidly in the following year.

In value terms, avocado exports contracted significantly to $X in 2022. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 314% against the previous year. The exports peaked at $X in 2021, and then dropped notably in the following year.

Exports by Country

Ukraine (X tons) was the main destination for avocado exports from Russia, accounting for a 76% share of total exports. Moreover, avocado exports to Ukraine exceeded the volume sent to the second major destination, Uzbekistan (X tons), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ukraine amounted to +105.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+145.9% per year) and Kazakhstan (+47.0% per year).

In value terms, Ukraine ($X) remains the key foreign market for avocados exports from Russia, comprising 76% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Ukraine stood at +91.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+142.3% per year) and Kazakhstan (+41.7% per year).

Export Prices by Country

In 2022, the average avocado export price amounted to $X per ton, almost unchanged from the previous year. Overall, the export price, however, continues to indicate a mild slump. The growth pace was the most rapid in 2014 when the average export price increased by 57%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mongolia (+0.4%), while the prices for the other major destinations experienced a decline.

Avocado Imports

Imports into the Russian Federation

In 2022, after six years of growth, there was significant decline in overseas purchases of avocados, when their volume decreased by -6.3% to X tons. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 56% against the previous year. Over the period under review, imports hit record highs at X tons in 2021, and then declined in the following year.

In value terms, avocado imports shrank to $X in 2022. Overall, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 74% against the previous year. Imports peaked at $X in 2021, and then shrank in the following year.

Imports by Country

In 2022, Israel (X tons) constituted the largest supplier of avocado to Russia, with a 72% share of total imports. Moreover, avocado imports from Israel exceeded the figures recorded by the second-largest supplier, Peru (X tons), sevenfold. Colombia (X tons) ranked third in terms of total imports with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Israel totaled +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+14.8% per year) and Colombia (+174.8% per year).

In value terms, Israel ($X) constituted the largest supplier of avocados to Russia, comprising 71% of total imports. The second position in the ranking was held by Colombia ($X), with an 11% share of total imports. It was followed by Peru, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Israel amounted to +22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+190.5% per year) and Peru (+17.5% per year).

Import Prices by Country

In 2022, the average avocado import price amounted to $X per ton, with an increase of 2.4% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, avocado import price decreased by -2.8% against 2020 indices. The pace of growth was the most pronounced in 2019 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Africa ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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