Russian Federation: Market for Nuts (Prepared Or Preserved) 2024

Market Size for Nuts (Prepared Or Preserved) in the Russian Federation

The Russian nuts (prepared or preserved) market shrank to $X in 2021, dropping by -7.7% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Nuts (Prepared Or Preserved) in the Russian Federation

In value terms, nuts (prepared or preserved) production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 26% against the previous year. Nuts (prepared or preserved) production peaked at $X in 2020, and then fell in the following year.

Exports of Nuts (Prepared Or Preserved)

Exports from the Russian Federation

In 2021, shipments abroad of nuts (prepared or preserved) decreased by -3% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 46%. As a result, the exports attained the peak of X tons, and then fell modestly in the following year.

In value terms, nuts (prepared or preserved) exports rose markedly to $X in 2021. Over the period under review, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2013 when exports increased by 43%. The exports peaked in 2021 and are likely to continue growth in years to come.

Exports by Country

Kazakhstan (X tons) was the main destination for nuts (prepared or preserved) exports from Russia, accounting for a 38% share of total exports. Moreover, nuts (prepared or preserved) exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), threefold. Germany (X tons) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan stood at +10.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+58.2% per year) and Germany (+6.7% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for nuts (prepared or preserved) exports from Russia, comprising 43% of total exports. The second position in the ranking was taken by Germany ($X), with a 12% share of total exports. It was followed by Belarus, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at +8.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+7.0% per year) and Belarus (+35.6% per year).

Export Prices by Country

The average nuts (prepared or preserved) export price stood at $X per ton in 2021, growing by 13% against the previous year. Overall, the export price, however, recorded a perceptible decline. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Israel ($X per ton), while the average price for exports to Tajikistan ($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 Uzbekistan (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nuts (Prepared Or Preserved)

Imports into the Russian Federation

Nuts (prepared or preserved) imports into Russia soared to X tons in 2021, rising by 19% on the previous year's figure. Overall, total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.2% against 2016 indices. The growth pace was the most rapid in 2019 when imports increased by 46%. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, nuts (prepared or preserved) imports expanded slightly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 40% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belarus (X tons) constituted the largest nuts (prepared or preserved) supplier to Russia, with a 42% share of total imports. Moreover, nuts (prepared or preserved) imports from Belarus exceeded the figures recorded by the second-largest supplier, Spain (X tons), fourfold. The third position in this ranking was held by Turkey (X tons), with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belarus amounted to +57.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+45.8% per year) and Turkey (-8.7% per year).

In value terms, Belarus ($X), Spain ($X) and Turkey ($X) constituted the largest nuts (prepared or preserved) suppliers to Russia, with a combined 56% share of total imports. These countries were followed by Azerbaijan, Georgia, Austria, China, Vietnam, Thailand, Indonesia, Armenia and the Philippines, which together accounted for a further 29%.

Georgia, with a CAGR of +102.4%, saw the highest growth rate of 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

In 2021, the average nuts (prepared or preserved) import price amounted to $X per ton, shrinking by -13.9% against the previous year. In general, the import price saw a pronounced slump. The pace of growth appeared the most rapid in 2014 an increase of 19% against the previous year. The import price peaked at $X per ton in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Azerbaijan (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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