Russian Federation: Chocolate And Confectionery Market 2024

Chocolate And Confectionery Market Size in the Russian Federation

The Russian chocolate and confectionery market dropped modestly to $X in 2022, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced decline. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Chocolate And Confectionery Production in the Russian Federation

In value terms, chocolate and confectionery production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decline. The growth pace was the most rapid in 2013 with an increase of 9.8% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Chocolate And Confectionery Exports

Exports from the Russian Federation

In 2022, shipments abroad of chocolate and confectionery decreased by -4.7% to X tons for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 25%. The exports peaked at X tons in 2021, and then fell in the following year.

In value terms, chocolate and confectionery exports shrank to $X in 2022. In general, total exports indicated a moderate expansion from 2012 to 2022: its value 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, exports increased by +84.4% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 20%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

Kazakhstan (X tons), Uzbekistan (X tons) and Azerbaijan (X tons) were the main destinations of chocolate and confectionery exports from Russia, together accounting for 45% of total exports. Belarus, Mongolia, Saudi Arabia, Ukraine, Kyrgyzstan, Georgia, Tajikistan, the United Arab Emirates, Armenia and Moldova lagged somewhat behind, together comprising a further 41%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +137.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for chocolate and confectionery exported from Russia were Kazakhstan ($X), Uzbekistan ($X) and Azerbaijan ($X), with a combined 44% share of total exports. Belarus, Mongolia, Ukraine, Saudi Arabia, Kyrgyzstan, Georgia, Armenia, Tajikistan, the United Arab Emirates and Moldova lagged somewhat behind, together accounting for a further 42%.

In terms of the main countries of destination, Saudi Arabia, with a CAGR of +144.3%, saw the highest growth rate of 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 chocolate and confectionery export price stood at $X per ton in 2022, which is down by -3.5% against the previous year. In general, the export price recorded a noticeable reduction. The most prominent rate of growth was recorded in 2021 when the average export price increased by 8.1%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Tajikistan ($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 Saudi Arabia (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Chocolate And Confectionery Imports

Imports into the Russian Federation

Chocolate and confectionery imports into Russia contracted to X tons in 2022, declining by -5.6% against 2021 figures. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 23%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, chocolate and confectionery imports reduced to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Cote d'Ivoire (X tons) and Indonesia (X tons) were the main suppliers of chocolate and confectionery imports to Russia, with a combined 36% share of total imports. Ghana, Malaysia, Poland, Belgium, Austria, Belarus, Italy, the Netherlands, Spain and Ukraine lagged somewhat behind, together comprising a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +44.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Indonesia ($X) and Cote d'Ivoire ($X) appeared to be the largest chocolate and confectionery suppliers to Russia, with a combined 39% share of total imports. Malaysia, Ghana, Poland, Belgium, Italy, Austria, Belarus, the Netherlands, Spain and Ukraine lagged somewhat behind, together comprising a further 42%.

Among the main suppliers, Austria, with a CAGR of +34.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average chocolate and confectionery import price amounted to $X per ton, reducing by -1.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 14% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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