Russian Federation: Sugary Soft Drink Market 2024

Sugary Soft Drink Market Size in the Russian Federation

The Russian sugary soft drink market was estimated at $X in 2022, stabilizing at the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Sugary Soft Drink Production in the Russian Federation

In value terms, sugary soft drink production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 20%. Sugary soft drink production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sugary Soft Drink Exports

Exports from the Russian Federation

In 2022, after six years of growth, there was significant decline in overseas shipments of sugary soft drinks, when their volume decreased by -18% to X litres. In general, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 172%. The exports peaked at X litres in 2021, and then fell significantly in the following year.

In value terms, sugary soft drink exports fell rapidly to $X in 2022. Over the period under review, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 145%. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Kazakhstan (X litres) was the main destination for sugary soft drink exports from Russia, accounting for a 46% share of total exports. Moreover, sugary soft drink exports to Kazakhstan exceeded the volume sent to the second major destination, Belarus (X litres), threefold. Ukraine (X litres) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at +44.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+16.1% per year) and Ukraine (+25.3% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for sugary soft drinks exports from Russia, comprising 57% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with a 12% share of total exports. It was followed by Ukraine, with a 9.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan amounted to +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+70.2% per year) and Ukraine (+17.1% per year).

Export Prices by Country

In 2022, the average sugary soft drink export price amounted to $X per litre, shrinking by -4.2% against the previous year. Overall, the export price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per litre in 2012; however, from 2013 to 2022, the export prices remained at a 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 Kazakhstan ($X per litre), while the average price for exports to Belarus ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (-2.0%), while the prices for the other major destinations experienced a decline.

Sugary Soft Drink Imports

Imports into the Russian Federation

In 2022, the amount of sugary soft drinks imported into Russia shrank to X litres, waning by -14.1% on the previous year. In general, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. As a result, imports reached the peak of X litres, and then fell in the following year.

In value terms, sugary soft drink imports contracted sharply to $X in 2022. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

Austria (X litres), Georgia (X litres) and Switzerland (X litres) were the main suppliers of sugary soft drink imports to Russia, with a combined 60% share of total imports. Belarus, the Netherlands, Poland, Italy, China, Kazakhstan, Latvia and South Korea lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +56.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Switzerland ($X) and Georgia ($X) were the largest sugary soft drink suppliers to Russia, together accounting for 68% of total imports. The Netherlands, Belarus, Italy, Poland, China, Kazakhstan, South Korea and Latvia lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, the Netherlands, with a CAGR of +41.9%, 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

In 2022, the average sugary soft drink import price amounted to $X per litre, waning by -1.7% against the previous year. In general, the import price saw a slight reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 13% against the previous year. The import price peaked at $X per litre in 2013; however, from 2014 to 2022, import prices remained at a 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 South Korea ($X per litre), while the price for Belarus ($X per litre) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+8.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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