Russian Federation: Market for Sheep And Goat Meat 2024

Market Size for Sheep And Goat Meat in the Russian Federation

The Russian sheep and goat meat market rose rapidly to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Sheep And Goat Meat in the Russian Federation

In value terms, sheep and goat meat production amounted to $X in 2022 estimated in export price. In general, production, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

The average yield of sheep and goat meat in Russia shrank modestly to X kg per head in 2022, approximately reflecting 2021. Overall, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the yield increased by X%. Over the period under review, the average sheep and goat meat yield attained the maximum level at X kg per head in 2012; however, from 2013 to 2022, the yield stood at a somewhat lower figure.

In 2022, approx. X heads of animals slaughtered for sheep and goat meat production in Russia; leveling off at the year before. This number increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the number of producing animals increased by X%. Over the period under review, this number hit record highs at X heads in 2018; however, from 2019 to 2022, producing animals stood at a somewhat lower figure.

Exports of Sheep And Goat Meat

Exports from the Russian Federation

In 2022, the amount of sheep and goat meat exported from Russia reduced notably to X tons, with a decrease of X% on 2021. Over the period under review, exports, however, posted a pronounced increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, sheep and goat meat exports contracted remarkably to $X in 2022. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for sheep and goat meat exports from Russia, with a X% share of total exports. Moreover, sheep and goat meat exports to the United Arab Emirates exceeded the volume sent to the second major destination, Armenia (X tons), eightfold. Malta (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and Malta (X.4% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for sheep and goat meat exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Armenia ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Armenia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average sheep and goat meat export price stood at $X per ton in 2022, approximately reflecting the previous year. In general, the export price, however, saw resilient growth. The growth pace was the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Malta ($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 Kazakhstan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Sheep And Goat Meat

Imports into the Russian Federation

In 2022, overseas purchases of sheep and goat meat increased by X% to X tons for the first time since 2013, thus ending a eight-year declining trend. In general, imports, however, recorded a abrupt downturn. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, sheep and goat meat imports fell to $X in 2022. Overall, imports, however, continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Iceland (X tons) constituted the largest supplier of sheep and goat meat to Russia, with a X% share of total imports. Moreover, sheep and goat meat imports from Iceland exceeded the figures recorded by the second-largest supplier, Moldova (X tons), fourfold. Kazakhstan (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Iceland ($X) constituted the largest supplier of sheep and goat meat to Russia, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with an X% share of total imports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Iceland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: New Zealand (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

The average sheep and goat 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 saw a perceptible decrease. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then shrank remarkably in the following year.

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 New Zealand ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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