Russian Federation: Soya Bean Market 2025

Soya Bean Market Size in the Russian Federation

In 2021, after two years of growth, there was significant decline in the Russian soya bean market, when its value decreased by -6.7% to $X. Overall, consumption, however, saw strong growth. Soya bean consumption peaked at $X in 2020, and then declined in the following year.

Soya Bean Production in the Russian Federation

In value terms, soya bean production fell modestly to $X in 2021 estimated in export price. Overall, production showed a prominent increase. The pace of growth was the most pronounced in 2014 when the production volume increased by 50% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then shrank slightly in the following year.

In 2021, the average yield of soya beans in Russia declined to X tons per ha, remaining constant against 2020 figures. The yield figure increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the yield increased by 14% against the previous year. The soya bean yield peaked at X tons per ha in 2020, and then dropped slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The soya bean harvested area in Russia totaled X ha in 2021, almost unchanged from the year before. Overall, the total harvested area indicated a resilient increase from 2012 to 2021: its figure increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soya bean harvested area decreased by -1.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 60% against the previous year. Over the period under review, the harvested area dedicated to soya bean production attained the peak figure at X ha in 2019; however, from 2020 to 2021, the harvested area stood at a somewhat lower figure.

Soya Bean Exports

Exports from the Russian Federation

Soya bean exports from Russia contracted dramatically to X tons in 2021, dropping by -16.5% on the previous year. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 386% against the previous year. The exports peaked at X tons in 2020, and then plummeted in the following year.

In value terms, soya bean exports reduced slightly to $X in 2021. In general, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 when exports increased by 401%. The exports peaked at $X in 2020, and then dropped slightly in the following year.

Exports by Country

China (X tons) was the main destination for soya bean exports from Russia, with a 84% share of total exports. Moreover, soya bean exports to China exceeded the volume sent to the second major destination, Belarus (X tons), ninefold. The third position in this ranking was held by Kazakhstan (X tons), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to China totaled +27.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+376.5% per year) and Kazakhstan (+91.8% per year).

In value terms, China ($X) remains the key foreign market for soya bean exports from Russia, comprising 73% of total exports. The second position in the ranking was taken by Belarus ($X), with a 15% share of total exports. It was followed by Kazakhstan, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +33.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+297.4% per year) and Kazakhstan (+83.7% per year).

Export Prices by Country

The average soya bean export price stood at $X per ton in 2021, increasing by 19% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Belarus ($X per ton), while the average price for exports to China ($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 China (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Soya Bean Imports

Imports into the Russian Federation

In 2021, the amount of soya beans imported into Russia shrank sharply to X tons, waning by -15.9% on the previous year. Overall, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2013 with an increase of 105% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, soya bean imports dropped to $X in 2021. Over the period under review, imports, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 99%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Brazil (X tons), Paraguay (X tons) and Argentina (X tons) were the main suppliers of soya bean imports to Russia, together comprising 91% of total imports. These countries were followed by Croatia, Romania and Serbia, which together accounted for a further 7.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +674.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Paraguay ($X) and Argentina ($X) were the largest soya bean suppliers to Russia, together accounting for 90% of total imports. Croatia, Romania and Serbia lagged somewhat behind, together accounting for a further 8.7%.

Romania, with a CAGR of +727.8%, 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 soya bean import price amounted to $X per ton, increasing by 15% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Romania ($X per ton) and Argentina ($X per ton), while the price for Paraguay ($X per ton) and Brazil ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+6.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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