Russian Federation: Breakfast Cereal Market 2022

Breakfast Cereal Market Size in the Russian Federation

The Russian breakfast cereal market stood at $X in 2021, growing by 4.6% against the previous year. In general, consumption saw a pronounced contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Breakfast Cereal Production in the Russian Federation

In value terms, breakfast cereal production skyrocketed to $X in 2021 estimated in export price. Overall, production saw a noticeable contraction. The pace of growth appeared the most rapid in 2013 with an increase of 57%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a somewhat lower figure.

Breakfast Cereal Exports

Exports from the Russian Federation

In 2021, shipments abroad of breakfast cereals increased by 26% to X tons, rising for the sixth consecutive year after two years of decline. Overall, exports saw a prominent increase. The growth pace was the most rapid in 2013 with an increase of 80% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, breakfast cereal exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 76%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

China (X tons), Kazakhstan (X tons) and Belarus (X tons) were the main destinations of breakfast cereal exports from Russia, together comprising 67% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +145.5%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and China ($X) appeared to be the largest markets for breakfast cereal exported from Russia worldwide, with a combined 53% share of total exports.

Among the main countries of destination, China, with a CAGR of +97.6%, recorded 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 breakfast cereal export price stood at $X per ton in 2021, with a decrease of -2.8% against the previous year. Overall, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 7.6% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mongolia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.

Breakfast Cereal Imports

Imports into the Russian Federation

In 2021, supplies from abroad of breakfast cereals increased by 3.3% to X tons, rising for the fifth year in a row after two years of decline. Overall, imports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 35%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, breakfast cereal imports expanded significantly to $X in 2021. In general, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.4% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by 35% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, Turkey (X tons) constituted the largest breakfast cereal supplier to Russia, accounting for a 56% share of total imports. Moreover, breakfast cereal imports from Turkey exceeded the figures recorded by the second-largest supplier, Poland (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a 9% share.

From 2012 to 2021, the average annual growth rate of volume from Turkey stood at +35.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (-5.2% per year) and Germany (+4.4% per year).

In value terms, Poland ($X), Germany ($X) and Turkey ($X) appeared to be the largest breakfast cereal suppliers to Russia, with a combined 62% share of total imports. These countries were followed by Belarus, Belgium, the UK, Lithuania and Ukraine, which together accounted for a further 13%.

Belgium, with a CAGR of +48.6%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average breakfast cereal import price amounted to $X per ton, growing by 2.5% against the previous year. Over the period under review, the import price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 7.8%. Over the period under review, average import prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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