Russian Federation: Tomato Juice Market 2024

Tomato Juice Market Size in the Russian Federation

The Russian tomato juice market contracted remarkably to $X in 2022, declining by -34.6% against the previous year. Overall, consumption faced a precipitous shrinkage. Tomato juice consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tomato Juice Production in the Russian Federation

In value terms, tomato juice production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced setback. The pace of growth appeared the most rapid in 2017 with an increase of 9.6%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Tomato Juice Exports

Exports from the Russian Federation

Tomato juice exports from Russia expanded to X tons in 2022, increasing by 1.6% against the year before. Over the period under review, exports showed resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by 72% against the previous year. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, tomato juice exports fell modestly to $X in 2022. In general, exports recorded a noticeable expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 26%. Over the period under review, the exports hit record highs at $X in 2021, and then fell slightly in the following year.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main destinations of tomato juice exports from Russia, together comprising 90% of total exports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +44.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tomato juice exported from Russia were Belarus ($X), Kazakhstan ($X) and Ukraine ($X), with a combined 88% share of total exports. Kyrgyzstan, Azerbaijan and Armenia lagged somewhat behind, together comprising a further 9.9%.

Armenia, with a CAGR of +34.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average tomato juice export price stood at $X per ton in 2022, waning by -3% against the previous year. Over the period under review, the export price showed a perceptible decrease. The pace of growth appeared the most rapid in 2017 when the average export price increased by 15% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Azerbaijan ($X per ton) and Kyrgyzstan ($X per ton), while the average price for exports to Belarus ($X per ton) and Armenia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (-2.4%), while the prices for the other major destinations experienced a decline.

Tomato Juice Imports

Imports into the Russian Federation

In 2022, tomato juice imports into Russia reduced to X tons, declining by -4.2% on the year before. Overall, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 46%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, tomato juice imports fell to $X in 2022. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 35% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Armenia (X tons) constituted the largest tomato juice supplier to Russia, accounting for a 50% share of total imports. Moreover, tomato juice imports from Armenia exceeded the figures recorded by the second-largest supplier, Belarus (X tons), twofold. The third position in this ranking was held by Serbia (X tons), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume from Armenia stood at +18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+26.6% per year) and Serbia (+78.1% per year).

In value terms, Armenia ($X) constituted the largest supplier of tomato juice to Russia, comprising 49% of total imports. The second position in the ranking was held by Belarus ($X), with a 17% share of total imports. It was followed by Serbia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Armenia stood at +10.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+20.9% per year) and Serbia (+65.2% per year).

Import Prices by Country

In 2022, the average tomato juice import price amounted to $X per ton, falling by -4.5% against the previous year. In general, the import price saw a perceptible downturn. The most prominent rate of growth was recorded in 2021 an increase of 10%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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