Russian Federation: Bacon And Ham Market 2024

Bacon And Ham Market Size in the Russian Federation

The Russian bacon and ham market was estimated at $X in 2022, remaining relatively unchanged against the previous year. In general, consumption showed a perceptible setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Bacon And Ham Production in the Russian Federation

In value terms, bacon and ham production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by 97% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Bacon And Ham Exports

Exports from the Russian Federation

In 2022, approx. X tons of bacon, ham and other dried, salted or smoked pig meat were exported from Russia; with an increase of 32% on 2021. Over the period under review, exports continue to indicate a prominent increase. The pace of growth was the most pronounced in 2014 with an increase of 118% against the previous year. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, bacon and ham exports reached $X in 2022. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 244%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belarus (X tons), Turkey (X tons) and Bahamas (X tons) were the main destinations of bacon and ham exports from Russia, together accounting for 80% of total exports. Kazakhstan, Marshall Islands and Azerbaijan lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the biggest increases were recorded for Marshall Islands (with a CAGR of +7,415.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for bacon and ham exported from Russia were Belarus ($X), Bahamas ($X) and Turkey ($X), with a combined 77% share of total exports. Kazakhstan, Azerbaijan and Marshall Islands lagged somewhat behind, together comprising a further 23%.

Among the main countries of destination, Marshall Islands, with a CAGR of +4,510.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2022, reducing by -18.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 60%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Belarus ($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 Tajikistan (+36.2%), while the prices for the other major destinations experienced a decline.

Bacon And Ham Imports

Imports into the Russian Federation

In 2022, purchases abroad of bacon, ham and other dried, salted or smoked pig meat decreased by -66% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 272% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, bacon and ham imports reduced to $X in 2022. In general, imports showed a abrupt setback. The pace of growth was the most pronounced in 2019 when imports increased by 567% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Switzerland (X tons) was the main supplier of bacon and ham to Russia, accounting for a 95% share of total imports. Moreover, bacon and ham imports from Switzerland exceeded the figures recorded by the second-largest supplier, Belarus (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Switzerland amounted to +322.0%.

In value terms, Switzerland ($X) constituted the largest supplier of bacon, ham and other dried, salted or smoked pig meat to Russia, comprising 99% of total imports. The second position in the ranking was held by Belarus ($X), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Switzerland amounted to +319.6%.

Import Prices by Country

The average bacon and ham import price stood at $X per ton in 2022, increasing by 155% against the previous year. Over the period under review, the import price recorded a significant expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 190% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($X per ton), while the price for Belarus amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+66.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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