Russian Federation: Market for Flours, Meals And Pellets Of Meat Or Meat Offal 2024

Market Size for Flours, Meals And Pellets Of Meat Or Meat Offal in the Russian Federation

The Russian meat meals and pellets market expanded to $X in 2021, rising by 3% against the previous year. Over the period under review, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.2% against 2015 indices. Over the period under review, the market attained the maximum level in 2021 and is likely to continue growth in the immediate term.

Production of Flours, Meals And Pellets Of Meat Or Meat Offal in the Russian Federation

In value terms, meat meals and pellets production reduced slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 18% against the previous year. Meat meals and pellets production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Flours, Meals And Pellets Of Meat Or Meat Offal

Exports from the Russian Federation

In 2021, shipments abroad of flours, meals and pellets of meat or meat offal decreased by -11.7% to X tons, falling for the second year in a row after three years of growth. Over the period under review, exports, however, recorded strong growth. The growth pace was the most rapid in 2015 with an increase of 204% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, meat meals and pellets exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 206% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for meat meals and pellets exports from Russia, accounting for a 83% share of total exports. Moreover, meat meals and pellets exports to Kazakhstan exceeded the volume sent to the second major destination, Armenia (X tons), sixfold. Ukraine (X tons) ranked third in terms of total exports with a 1.2% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan stood at +21.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+10.9% per year) and Ukraine (-16.2% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for flours, meals and pellets of meat or meat offal exports from Russia, comprising 73% of total exports. The second position in the ranking was taken by Armenia ($X), with a 21% share of total exports. It was followed by Belarus, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at +27.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+11.4% per year) and Belarus (-5.3% per year).

Export Prices by Country

In 2021, the average meat meals and pellets export price amounted to $X per ton, increasing by 50% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Ukraine ($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 Belarus (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Flours, Meals And Pellets Of Meat Or Meat Offal

Imports into the Russian Federation

In 2021, approx. X tons of flours, meals and pellets of meat or meat offal were imported into Russia; with a decrease of -5.4% against 2020. In general, imports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2015 with an increase of 42% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, meat meals and pellets imports stood at $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 23%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Denmark (X tons), Belarus (X tons) and France (X tons) were the main suppliers of meat meals and pellets imports to Russia, with a combined 66% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +31.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), France ($X) and Belarus ($X) were the largest meat meals and pellets suppliers to Russia, together accounting for 66% of total imports.

Belarus, with a CAGR of +38.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average meat meals and pellets import price stood at $X per ton in 2021, growing by 7% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 11%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :