Russian Federation: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in the Russian Federation

In 2021, the Russian rusks and toasted bread market decreased by -8.9% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a noticeable setback. Rusks and toasted bread consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Rusks, Toasted Bread and Similar Toasted Products in the Russian Federation

In value terms, rusks and toasted bread production fell to $X in 2021 estimated in export price. Overall, production recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from the Russian Federation

For the fourth year in a row, Russia recorded growth in overseas shipments of rusks, toasted bread and similar toasted products, which increased by 14% to X tons in 2021. Overall, exports recorded a strong increase. The pace of growth was the most pronounced in 2013 with an increase of 30%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, rusks and toasted bread exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan (X tons) was the main destination for rusks and toasted bread exports from Russia, accounting for a 51% share of total exports. Moreover, rusks and toasted bread exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X tons), threefold. The third position in this ranking was held by Ukraine (X tons), with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Kazakhstan amounted to +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+21.4% per year) and Ukraine (+60.4% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for rusks, toasted bread and similar toasted products exports from Russia, comprising 49% of total exports. The second position in the ranking was held by Belarus ($X), with a 17% share of total exports. It was followed by Ukraine, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Kazakhstan stood at -1.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+12.0% per year) and Ukraine (+55.9% per year).

Export Prices by Country

In 2021, the average rusks and toasted bread export price amounted to $X per ton, increasing by 9.7% against the previous year. Over the period under review, the export price, however, showed a abrupt slump. Over the period under review, the average export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2021, 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 Ukraine ($X per ton), while the average price for exports to Tajikistan ($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 (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into the Russian Federation

For the third consecutive year, Russia recorded growth in supplies from abroad of rusks, toasted bread and similar toasted products, which increased by 4.1% to X tons in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its volume increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.8% against 2015 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 23% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, rusks and toasted bread imports expanded markedly to $X in 2021. In general, total imports indicated a slight increase from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 29%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Germany (X tons), Lithuania (X tons) and the UK (X tons) were the main suppliers of rusks and toasted bread imports to Russia, with a combined 61% share of total imports. Finland, Malaysia, China, South Korea, Belarus, Poland, Thailand and India lagged somewhat behind, together accounting for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +48.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest rusks and toasted bread suppliers to Russia were Finland ($X), Germany ($X) and the UK ($X), with a combined 58% share of total imports. These countries were followed by Malaysia, Lithuania, South Korea, China, Poland, Thailand, Belarus and India, which together accounted for a further 37%.

Malaysia, with a CAGR of +38.4%, recorded 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

In 2021, the average rusks and toasted bread import price amounted to $X per ton, surging by 4.1% against the previous year. In general, the import price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2013 an increase of 7.1%. As a result, import price attained the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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