Russian Federation: Oil Crops Market 2024

Oil Crops Market Size in the Russian Federation

The Russian oil crops market fell to $X in 2022, dropping by X% against the previous year. Over the period under review, the total consumption indicated a measured 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 2020 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Oil Crops Production in the Russian Federation

In value terms, oil crops production amounted to $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion 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, production decreased by X% against 2018 indices. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

The average yield of oil crops (primary) in Russia reached X tons per ha in 2022, remaining relatively unchanged against the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the average oil crops yield reached the peak level at X tons per ha in 2019; however, from 2020 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 oil crops harvested area in Russia contracted to X ha, waning by X% against 2021. In general, the total harvested area indicated a remarkable increase from 2012 to 2022: its figure 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, oil crops harvested area increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2021 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha, and then contracted in the following year.

Oil Crops Exports

Exports from the Russian Federation

In 2022, the amount of oil crops (primary) exported from Russia soared to X tons, jumping by X% on the year before. In general, exports recorded a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, oil crops exports expanded significantly to $X in 2022. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons), Belarus (X tons) and Belgium (X tons) were the main destinations of oil crops exports from Russia, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), China ($X) and Belgium ($X) appeared to be the largest markets for oil crops exported from Russia worldwide, together comprising X% of total exports.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average oil crops export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per ton), while the average price for exports to Belgium ($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 Latvia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Oil Crops Imports

Imports into the Russian Federation

In 2022, oil crops imports into Russia declined slightly to X tons, shrinking by X% on the previous year's figure. Over the period under review, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, oil crops imports surged to $X in 2022. In general, total imports indicated a remarkable 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in the near future.

Imports by Country

Paraguay (X tons), Brazil (X tons) and Kazakhstan (X tons) were the main suppliers of oil crops imports to Russia, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Kazakhstan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Paraguay ($X), Brazil ($X) and the United States ($X) constituted the largest oil crops suppliers to Russia, together accounting for X% of total imports. Romania, Kazakhstan, Serbia and Ukraine lagged somewhat behind, together accounting for a further X%.

Kazakhstan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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 oil crops import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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