Russian Federation: Vegetable Product Market 2024

Vegetable Product Market Size in the Russian Federation

The Russian vegetable product market surged to $X in 2022, growing by 102% against the previous year. Over the period under review, consumption saw a measured expansion. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Vegetable Product Production in the Russian Federation

In value terms, vegetable product production soared to $X in 2022 estimated in export price. Overall, production saw a abrupt descent. Vegetable product production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

In 2022, the average vegetable product yield in Russia skyrocketed to X tons per ha, with an increase of 42% on the year before. Over the period under review, the yield, however, saw a precipitous setback. Over the period under review, the average vegetable product yield reached the maximum level at X tons per ha in 2020; however, from 2021 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of vegetable products production in Russia dropped markedly to X ha, with a decrease of -41.2% against 2021 figures. In general, the harvested area, however, continues to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 750% against the previous year. As a result, the harvested area attained the peak level of X ha, and then dropped sharply in the following year.

Vegetable Product Exports

Exports from the Russian Federation

After four years of growth, shipments abroad of vegetable products decreased by -65.4% to X tons in 2022. Over the period under review, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 788% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then shrank dramatically in the following year.

In value terms, vegetable product exports shrank rapidly to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2014 with an increase of 763%. The exports peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

Poland (X tons) was the main destination for vegetable product exports from Russia, with a 57% share of total exports. Moreover, vegetable product exports to Poland exceeded the volume sent to the second major destination, Belarus (X tons), threefold. The third position in this ranking was taken by Latvia (X tons), with a 16% share.

From 2012 to 2022, the average annual growth rate of volume to Poland stood at +970.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belarus (+117.8% per year) and Latvia (+109.4% per year).

In value terms, Latvia ($X) emerged as the key foreign market for vegetable products exports from Russia, comprising 62% of total exports. The second position in the ranking was held by Poland ($X), with a 29% share of total exports. It was followed by Belarus, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Latvia totaled +109.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+458.0% per year) and Belarus (+97.4% per year).

Export Prices by Country

The average vegetable product export price stood at $X per ton in 2022, with an increase of 93% against the previous year. Overall, the export price, however, saw a noticeable curtailment. The growth pace was the most rapid in 2017 when the average export price increased by 151% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to Belarus ($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 Latvia (-0.1%), while the prices for the other major destinations experienced a decline.

Vegetable Product Imports

Imports into the Russian Federation

In 2022, imports of vegetable products into Russia soared to X tons, jumping by 42% against the previous year. In general, total imports indicated a mild expansion from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.1% against 2020 indices. Over the period under review, imports attained the peak figure at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, vegetable product imports soared to $X in 2022. Overall, imports continue to indicate a moderate increase. The pace of growth appeared the most rapid in 2020 with an increase of 43% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Turkey (X tons), Algeria (X tons) and China (X tons) were the main suppliers of vegetable product imports to Russia, together comprising 73% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +185.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Turkey ($X) and Poland ($X) appeared to be the largest vegetable product suppliers to Russia, together accounting for 87% of total imports.

Among the main suppliers, Turkey, with a CAGR of +164.0%, 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 vegetable product import price amounted to $X per ton, reducing by -2% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable product import price increased by +61.7% against 2016 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 25% against the previous year. The import price peaked at $X per ton in 2021, and then reduced modestly 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 China ($X per ton), while the price for Algeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+8.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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