Russian Federation: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in the Russian Federation

The Russian flaked or rolled cereal market rose significantly to $X in 2022, growing by 5.8% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.2% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Flaked or Rolled Cereals in the Russian Federation

In value terms, flaked or rolled cereal production rose significantly to $X in 2022 estimated in export price. In general, the total production indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 28%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Flaked or Rolled Cereals

Exports from the Russian Federation

In 2022, flaked or rolled cereal exports from Russia stood at X tons, almost unchanged from 2021 figures. Over the period under review, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 50%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, flaked or rolled cereal exports declined to $X in 2022. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 31% against the previous year. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Georgia (X tons), Belarus (X tons) and Uzbekistan (X tons) were the main destinations of flaked or rolled cereal exports from Russia, together accounting for 51% of total exports. Azerbaijan, Mongolia, Kazakhstan, Israel, Tajikistan, Japan, the Czech Republic, Moldova, Ukraine and Latvia lagged somewhat behind, together comprising a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +115.4%), while the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X), Belarus ($X) and Azerbaijan ($X) appeared to be the largest markets for flaked or rolled cereal exported from Russia worldwide, with a combined 47% share of total exports. Uzbekistan, Kazakhstan, Israel, Japan, the Czech Republic, Mongolia, Moldova, Ukraine, Latvia and Tajikistan lagged somewhat behind, together comprising a further 44%.

Japan, with a CAGR of +115.4%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average flaked or rolled cereal export price stood at $X per ton in 2022, with a decrease of -9.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 43% against the previous year. The export price peaked at $X per ton in 2021, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Mongolia ($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 Latvia (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flaked or Rolled Cereals

Imports into the Russian Federation

In 2022, supplies from abroad of flaked or rolled cereals decreased by -5.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 144% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, flaked or rolled cereal imports contracted to $X in 2022. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 when imports increased by 67% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Finland (X tons), Ukraine (X tons) and Belarus (X tons) were the main suppliers of flaked or rolled cereal imports to Russia, with a combined 76% share of total imports. Germany, Estonia and Italy lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +26.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) constituted the largest supplier of flaked or rolled cereals to Russia, comprising 57% of total imports. The second position in the ranking was taken by Germany ($X), with a 12% share of total imports. It was followed by Ukraine, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Finland totaled -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.3% per year) and Ukraine (-1.2% per year).

Import Prices by Country

The average flaked or rolled cereal import price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 41%. Over the period under review, average import prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Finland ($X per ton), while the price for Estonia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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