Russian Federation: Processed Meat Market 2024

Processed Meat Market Size in the Russian Federation

The Russian processed meat market contracted to $X in 2022, dropping by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Processed meat consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Processed Meat Production in the Russian Federation

In value terms, processed meat production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Processed Meat Exports

Exports from the Russian Federation

In 2022, shipments abroad of processed meat increased by X% to X tons, rising for the seventh consecutive year after two years of decline. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, processed meat exports reduced sharply to $X in 2022. Overall, total exports indicated a pronounced 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, exports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then dropped rapidly in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for processed meat exports from Russia, with a X% share of total exports. Moreover, processed meat exports to Kazakhstan exceeded the volume sent to the second major destination, Ukraine (X tons), fivefold. Azerbaijan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Azerbaijan (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for processed meat exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with a X% share of total exports. It was followed by Azerbaijan, with an X% share.

From 2012 to 2022, the average annual growth rate of value to Kazakhstan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

The average processed meat export price stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 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 Ukraine ($X per ton), while the average price for exports to Tajikistan ($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 Belarus (X%), while the prices for the other major destinations experienced a decline.

Processed Meat Imports

Imports into the Russian Federation

In 2022, supplies from abroad of processed meat increased by X% to X tons, rising for the third consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, processed meat imports dropped significantly to $X in 2022. Overall, imports, however, saw a abrupt descent. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belarus (X tons) constituted the largest processed meat supplier to Russia, with a X% share of total imports. Moreover, processed meat imports from Belarus exceeded the figures recorded by the second-largest supplier, Serbia (X tons), more than tenfold. The third position in this ranking was held by Lithuania (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belarus totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (X% per year) and Lithuania (X% per year).

In value terms, Belarus ($X) constituted the largest supplier of processed meat to Russia, comprising X% of total imports. The second position in the ranking was taken by Serbia ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belarus amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (X% per year) and South Korea (X% per year).

Import Prices by Country

The average processed meat import price stood at $X per ton in 2022, declining by X% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Belarus ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform