Russian Federation: Market for Frozen Pig Meat Other Than Cuts Or Carcases 2024

Market Size for Frozen Pig Meat Other Than Cuts Or Carcases in the Russian Federation

The Russian market for frozen pig meat other than cuts or carcases dropped modestly to $X in 2022, shrinking by -1.6% against the previous year. In general, consumption, however, recorded a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Frozen Pig Meat Other Than Cuts Or Carcases in the Russian Federation

In value terms, production of frozen pig meat other than cuts or carcases amounted to $X in 2022 estimated in export price. Overall, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 103%. Production of peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Frozen Pig Meat Other Than Cuts Or Carcases

Exports from the Russian Federation

In 2022, exports of frozen pig meat other than cuts or carcases from Russia rose to X tons, surging by 2.2% against the previous year's figure. Over the period under review, exports showed a significant increase. The growth pace was the most rapid in 2013 with an increase of 800% against the previous year. Over the period under review, the exports of attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of frozen pig meat other than cuts or carcases dropped to $X in 2022. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2013 when exports increased by 721% against the previous year. Over the period under review, the exports of attained the maximum at $X in 2021, and then fell in the following year.

Exports by Country

Vietnam (X tons), Belarus (X tons) and Ukraine (X tons) were the main destinations of exports of frozen pig meat other than cuts or carcases from Russia, together accounting for 86% of total exports. Hong Kong SAR, Mongolia, Kazakhstan and Armenia lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +237.4%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Belarus ($X) and Ukraine ($X) appeared to be the largest markets for frozen pig meat other than cuts or carcases exported from Russia worldwide, together comprising 85% of total exports.

In terms of the main countries of destination, Vietnam, with a CAGR of +252.1%, 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

In 2022, the average export price for frozen pig meat other than cuts or carcases amounted to $X per ton, falling by -7% against the previous year. In general, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 an increase of 94%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Ukraine ($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 Vietnam (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Pig Meat Other Than Cuts Or Carcases

Imports into the Russian Federation

Imports of frozen pig meat other than cuts or carcases into Russia dropped notably to X tons in 2022, falling by -28.1% on 2021. In general, imports faced a dramatic downturn. The growth pace was the most rapid in 2021 when imports increased by 128%. Over the period under review, imports of hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of frozen pig meat other than cuts or carcases shrank markedly to $X in 2022. Overall, imports showed a precipitous decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 205%. Over the period under review, imports of reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) was the main frozen pig meat other than cuts or carcases supplier to Russia, with a 94% share of total imports. Moreover, imports of frozen pig meat other than cuts or carcases from Brazil exceeded the figures recorded by the second-largest supplier, Chile (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Brazil totaled -26.5%.

In value terms, Brazil ($X) constituted the largest supplier of frozen pig meat other than cuts or carcases to Russia, comprising 94% of total imports. The second position in the ranking was held by Chile ($X), with a 5.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Brazil amounted to -28.7%.

Import Prices by Country

The average import price for frozen pig meat other than cuts or carcases stood at $X per ton in 2022, falling by -7.7% against the previous year. In general, the import price continues to indicate a noticeable descent. The pace of growth appeared the most rapid in 2021 when the average import price increased by 34%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for Chile totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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