Russian Federation: Prepared Baking Powder Market 2024

Prepared Baking Powder Market Size in the Russian Federation

The Russian prepared baking powder market dropped to $X in 2022, reducing by -2.8% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +1.5% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Prepared Baking Powder Production in the Russian Federation

In value terms, prepared baking powder production contracted modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.2% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 54% against the previous year. Prepared baking powder production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Prepared Baking Powder Exports

Exports from the Russian Federation

In 2022, shipments abroad of prepared baking powders decreased by -0.2% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 77% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then fell in the following year.

In value terms, prepared baking powder exports fell modestly to $X in 2022. Overall, exports showed a mild setback. The most prominent rate of growth was recorded in 2020 when exports increased by 36%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for prepared baking powder exports from Russia, accounting for a 46% share of total exports. Moreover, prepared baking powder exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), twofold. The third position in this ranking was taken by Kyrgyzstan (X tons), with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan amounted to +29.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+22.3% per year) and Kyrgyzstan (+20.9% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for prepared baking powders exports from Russia, comprising 50% of total exports. The second position in the ranking was held by Belarus ($X), with a 22% share of total exports. It was followed by Kyrgyzstan, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan totaled +18.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+14.4% per year) and Kyrgyzstan (+16.0% per year).

Export Prices by Country

The average prepared baking powder export price stood at $X per ton in 2022, flattening at the previous year. Over the period under review, the export price saw a perceptible downturn. The pace of growth appeared the most rapid in 2017 when the average export price increased by 53% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Armenia ($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 Ukraine (-2.2%), while the prices for the other major destinations experienced a decline.

Prepared Baking Powder Imports

Imports into the Russian Federation

Prepared baking powder imports into Russia expanded notably to X tons in 2022, with an increase of 6.3% on the year before. Overall, imports, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2019 with an increase of 22%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, prepared baking powder imports expanded slightly to $X in 2022. In general, imports, however, saw a pronounced decline. The most prominent rate of growth was recorded in 2019 with an increase of 32% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest prepared baking powder supplier to Russia, accounting for a 83% share of total imports. Moreover, prepared baking powder imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +113.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-9.9% per year) and Germany (-10.8% per year).

In value terms, China ($X) constituted the largest supplier of prepared baking powders to Russia, comprising 74% of total imports. The second position in the ranking was held by Turkey ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +112.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+10.4% per year) and Germany (-4.4% per year).

Import Prices by Country

In 2022, the average prepared baking powder import price amounted to $X per ton, waning by -3.9% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared baking powder import price decreased by -4.3% against 2019 indices. The pace of growth was the most pronounced in 2018 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+22.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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