Russian Federation: Wheat Market 2025

Wheat Market Size in the Russian Federation

The Russian wheat market fell to $X in 2022, with a decrease of -8.5% against the previous year. In general, consumption, however, recorded buoyant growth. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Wheat Production in the Russian Federation

In value terms, wheat production dropped to $X in 2022 estimated in export price. Over the period under review, production enjoyed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 44%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

In 2022, the average wheat yield in Russia amounted to X tons per ha, growing by 4.7% compared with 2021 figures. The yield figure increased at an average annual rate of +4.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 26% against the previous year. The wheat yield peaked at X tons per ha in 2017; however, from 2018 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.

The wheat harvested area in Russia expanded slightly to X ha in 2022, surging by 1.7% against 2021. The harvested area increased at an average annual rate of +2.9% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the harvested area increased by 9.8% against the previous year. The wheat harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Wheat Exports

Exports from the Russian Federation

In 2022, wheat exports from Russia soared to X tons, growing by 18% against 2021 figures. Overall, exports recorded a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 137% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, wheat exports rose to $X in 2022. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 84%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Egypt (X tons), Turkey (X tons) and Kazakhstan (X tons) were the main destinations of wheat exports from Russia, with a combined 53% share of total exports. Saudi Arabia, Algeria, Pakistan, Lebanon, Guinea, Mozambique, Azerbaijan, Armenia, Kyrgyzstan and Cameroon lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kyrgyzstan (with a CAGR of +202.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheat exported from Russia were Egypt ($X), Turkey ($X) and Saudi Arabia ($X), together accounting for 53% of total exports. Kazakhstan, Algeria, Pakistan, Guinea, Lebanon, Azerbaijan, Mozambique, Cameroon, Armenia and Kyrgyzstan lagged somewhat behind, together comprising a further 38%.

Kyrgyzstan, with a CAGR of +166.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average wheat export price amounted to $X per ton, shrinking by -11.8% against the previous year. Over the period under review, the export price recorded a slight setback. The pace of growth appeared the most rapid in 2021 an increase of 26%. Over the period under review, the average export prices reached the maximum at $X per ton in 2017; however, from 2018 to 2022, the 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 Saudi Arabia ($X per ton), while the average price for exports to Kazakhstan ($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 Cameroon (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Wheat Imports

Imports into the Russian Federation

In 2022, after three years of decline, there was significant growth in supplies from abroad of wheat, when their volume increased by 27% to X tons. Overall, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2016 when imports increased by 44% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, wheat imports soared to $X in 2022. In general, imports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 52%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) was the main wheat supplier to Russia, accounting for a approx. 99% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan totaled -8.4%.

In value terms, Kazakhstan ($X) constituted the largest supplier of wheat to Russia.

From 2012 to 2022, the average annual rate of growth in terms of value from Kazakhstan totaled -4.3%.

Import Prices by Country

In 2022, the average wheat import price amounted to $X per ton, declining by -8.6% against the previous year. Overall, the import price, however, recorded a noticeable expansion. The pace of growth appeared the most rapid in 2019 when the average import price increased by 44% against the previous year. The import price peaked at $X per ton in 2021, and then dropped in the following year.

As there is only one major supplying country, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +4.4% per year.

Source: IndexBox Platform

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