Russian Federation: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in the Russian Federation

The Russian wheat and meslin flour market was estimated at $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, showed a perceptible shrinkage. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Wheat and Meslin Flour in the Russian Federation

In value terms, wheat and meslin flour production reduced to $X in 2022 estimated in export price. In general, production, however, showed a pronounced downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by 19% against the previous year. Wheat and meslin flour production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Wheat and Meslin Flour

Exports from the Russian Federation

In 2022, the amount of wheat and meslin flour exported from Russia shrank to X tons, declining by -2.5% on the year before. Over the period under review, exports, however, posted temperate growth. The growth pace was the most rapid in 2015 with an increase of 66%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, wheat and meslin flour exports shrank to $X in 2022. Overall, total exports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.2% against 2019 indices. The pace of growth was the most pronounced in 2015 when exports increased by 81% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Iraq (X tons), Georgia (X tons) and Afghanistan (X tons) were the main destinations of wheat and meslin flour exports from Russia, together accounting for 70% of total exports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +127.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheat and meslin flour exported from Russia were Iraq ($X), Georgia ($X) and Afghanistan ($X), together accounting for 68% of total exports.

Among the main countries of destination, Iraq, with a CAGR of +130.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wheat and meslin flour export price stood at $X per ton in 2022, with a decrease of -2.9% against the previous year. Overall, the export price recorded a perceptible setback. The growth pace was the most rapid in 2019 when the average export price increased by 21%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and Kazakhstan ($X per ton), while the average price for exports to Armenia ($X per ton) and Iraq ($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 Afghanistan (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports into the Russian Federation

In 2022, imports of wheat and meslin flour into Russia declined to X tons, dropping by -7.7% on 2021. Over the period under review, imports, however, saw a strong increase. The growth pace was the most rapid in 2013 with an increase of 185%. Over the period under review, imports hit record highs at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, wheat and meslin flour imports contracted to $X in 2022. In general, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 159% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest supplier of wheat and meslin flour to Russia, accounting for a 54% share of total imports. Moreover, wheat and meslin flour imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. Italy (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan stood at +19.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+24.1% per year) and Italy (+6.9% per year).

In value terms, Kazakhstan ($X), Italy ($X) and Ukraine ($X) constituted the largest wheat and meslin flour suppliers to Russia, with a combined 87% share of total imports. The UK, France, Finland and Belarus lagged somewhat behind, together comprising a further 13%.

In terms of the main suppliers, the UK, with a CAGR of +34.8%, recorded the highest rates of growth with regard to 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 wheat and meslin flour import price amounted to $X per ton, with a decrease of -2% against the previous year. Over the period under review, the import price continues to indicate a mild descent. The pace of growth was the most pronounced in 2020 when the average import price increased by 24%. Over the period under review, average import prices hit record highs 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 the UK ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :