Russian Federation: Grain Market 2024

Grain Market Size in the Russian Federation

The Russian grain market soared to $X in 2022, jumping by X% against the previous year. Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Grain Production in the Russian Federation

In value terms, grain production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Grain production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average grain yield in Russia totaled X tons per ha, increasing by X% compared with 2021 figures. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. The grain yield peaked at X tons per ha in 2017; however, from 2018 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of grain in Russia stood at X ha, leveling off at the previous year's figure. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. The grain harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Grain Exports

Exports from the Russian Federation

Grain exports from Russia declined significantly to X tons in 2022, waning by X% on the year before. Over the period under review, exports showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, grain exports reduced sharply to $X in 2022. Overall, exports showed a slight downturn. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey (X tons), Egypt (X tons) and Kazakhstan (X tons) were the main destinations of grain exports from Russia, with a combined X% share of total exports. Libya, Saudi Arabia, Algeria, Pakistan, Latvia, Spain, Azerbaijan, Lebanon, Armenia and Guinea lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for grain exported from Russia were Egypt ($X), Turkey ($X) and Saudi Arabia ($X), with a combined X% share of total exports. Kazakhstan, Algeria, Pakistan, Libya, Latvia, Azerbaijan, Guinea, Lebanon, Armenia and Spain lagged somewhat behind, together accounting for a further X%.

Pakistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among 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 grain export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain export price increased by X% against 2016 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Grain Imports

Imports into the Russian Federation

In 2022, grain imports into Russia expanded slightly to X tons, surging by X% on the previous year's figure. Overall, imports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, grain imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a slight contraction. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest grain supplier to Russia, with a X% share of total imports. Moreover, grain imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Hungary (X tons), threefold. Italy (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Italy (X% per year).

In value terms, Hungary ($X) constituted the largest supplier of grain to Russia, comprising X% of total imports. The second position in the ranking was held by France ($X), with a X% share of total imports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Romania (X% per year).

Import Prices by Country

In 2022, the average grain import price amounted to $X per ton, with an increase of X% against the previous year. In general, the import price saw a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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