Russian Federation: Soups Market 2024

Soups Market Size in the Russian Federation

The Russian soups market contracted to $X in 2021, standing approx. at the previous year. In general, consumption recorded a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of 9.8% against the previous year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Soups Production in the Russian Federation

In value terms, soups production fell to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2016 when the production volume increased by 8.8%. Soups production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Soups Exports

Exports from the Russian Federation

Soups exports from Russia declined modestly to X tons in 2021, remaining constant against the previous year's figure. Overall, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of 49% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, soups exports expanded remarkably to $X in 2021. In general, exports saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 40%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for soups exports from Russia, accounting for a 38% share of total exports. Moreover, soups 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 Uzbekistan (X tons), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume to Kazakhstan totaled -2.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+12.2% per year) and Uzbekistan (-2.5% per year).

In value terms, the largest markets for soups exported from Russia were Kazakhstan ($X), Belarus ($X) and Azerbaijan ($X), with a combined 60% share of total exports.

In terms of the main countries of destination, Belarus, with a CAGR of +6.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average soups export price amounted to $X per ton, surging by 8.9% against the previous year. Over the period under review, the export price, however, saw a perceptible decrease. The growth pace was the most rapid in 2014 when the average export price increased by 9.8%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Tajikistan ($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 Mongolia (-1.9%), while the prices for the other major destinations experienced a decline.

Soups Imports

Imports into the Russian Federation

In 2021, the amount of soups and broths imported into Russia fell to X tons, with a decrease of -14.7% against the previous year. Overall, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +2.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 23%. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, soups imports rose significantly to $X in 2021. In general, imports showed a slight decline. The pace of growth was the most pronounced in 2013 with an increase of 21% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Ukraine (X tons), Spain (X tons) and Belarus (X tons) were the main suppliers of soups imports to Russia, together accounting for 73% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +53.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest soups suppliers to Russia were Spain ($X), Ukraine ($X) and Germany ($X), together accounting for 61% of total imports. These countries were followed by China, Croatia, Belarus, Thailand, Latvia and South Korea, which together accounted for a further 27%.

In terms of the main suppliers, Belarus, with a CAGR of +49.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average soups import price stood at $X per ton in 2021, increasing by 24% against the previous year. Overall, the import price, however, recorded a deep contraction. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Croatia (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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