Report Update Nov 1, 2024

Russian Federation - Rennet and Concentrates Thereof - Market Analysis, Forecast, Size, Trends and Insights

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Russian Federation: Rennet Market 2024

Rennet Market Size in the Russian Federation

For the tenth consecutive year, the Russian rennet market recorded growth in sales value, which increased by 13% to $X in 2021. Over the period under review, consumption saw a buoyant increase. Rennet consumption peaked in 2021 and is likely to see steady growth in years to come.

Rennet Exports

Exports from the Russian Federation

After two years of growth, shipments abroad of rennet and concentrates thereof decreased by -54.7% to X tons in 2021. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 278%. Over the period under review, the exports attained the peak figure at X tons in 2020, and then shrank remarkably in the following year.

In value terms, rennet exports contracted rapidly to $X in 2021. Over the period under review, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2015 with an increase of 443%. The exports peaked at $X in 2020, and then contracted sharply in the following year.

Exports by Country

Kazakhstan (X kg), Armenia (X kg) and Belarus (X kg) were the main destinations of rennet exports from Russia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +64.5%), while the other leaders experienced mixed trend patterns.

In value terms, Kazakhstan ($X) remains the key foreign market for rennet and concentrates thereof exports from Russia, comprising 82% of total exports. The second position in the ranking was held by Armenia ($X), with an 18% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at +17.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (+69.5% per year) and Belarus (-16.6% per year).

Export Prices by Country

The average rennet export price stood at $X per ton in 2021, picking up by 86% against the previous year. In general, the export price saw measured growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 108%. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Belarus ($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 (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Rennet Imports

Imports into the Russian Federation

In 2021, the amount of rennet and concentrates thereof imported into Russia amounted to X tons, remaining stable against 2020 figures. Overall, imports saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 67% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, rennet imports surged to $X in 2021. In general, imports showed a buoyant expansion. The pace of growth was the most pronounced in 2018 when imports increased by 60%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

Denmark (X tons), the Netherlands (X tons) and Italy (X tons) were the main suppliers of rennet imports to Russia, with a combined 90% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +115.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X) constituted the largest supplier of rennet and concentrates thereof to Russia, comprising 52% of total imports. The second position in the ranking was held by Italy ($X), with a 16% share of total imports. It was followed by the Netherlands, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Denmark totaled +13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+10.8% per year) and the Netherlands (+88.4% per year).

Import Prices by Country

The average rennet import price stood at $X per ton in 2021, increasing by 16% against the previous year. Overall, the import price, however, saw a noticeable setback. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet consumption in 2020 were China, the United States and India, together comprising 40% of global consumption. These countries were followed by Japan, Pakistan, Germany, Italy, Brazil, Indonesia, Turkey, France, the UK and Mexico, which together accounted for a further 33%.

What are the largest producers of rennet and concentrates thereof in the world?

The countries with the highest volumes of rennet production in 2020 were China, the United States and India, together comprising 40% of global production. These countries were followed by Germany, Japan, Pakistan, Italy, Brazil, Indonesia, Turkey, Denmark, France and Mexico, which together accounted for a further 36%.

What are the leading suppliers of rennet and concentrates thereof to the Russian Federation?

In value terms, Denmark constituted the largest supplier of rennet to Russia, comprising 50% of total imports. The second position in the ranking was occupied by the Netherlands, with a 19% share of total imports. It was followed by Italy, with an 11% share.

What are the leading importers of rennet and concentrates thereof from the Russian Federation?

In value terms, Kazakhstan remains the key foreign market for rennet exports from Russia, comprising 61% of total exports. The second position in the ranking was occupied by Uzbekistan, with a 21% share of total exports. It was followed by Belarus, with a 10% share.

What is the average export price for rennet and concentrates thereof in the Russian Federation?

In 2020, the average rennet export price amounted to $36,371 per ton, dropping by -7.7% against the previous year.

What is the average import price for rennet and concentrates thereof in the Russian Federation?

The average rennet import price stood at $15,087 per ton in 2020, which is down by -4.8% against the previous year.

This report provides an in-depth analysis of the rennet market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20146450 - Rennet and concentrates thereof

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023