Russian Federation - Refined Olive Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRefined Olive Oil Price in Russia - 2022
Contents:
- Refined Olive Oil Price in Russia (CIF) - 2022
- Refined Olive Oil Price in Russia (FOB) - 2022
- Refined Olive Oil Imports in Russia
- Refined Olive Oil Exports in Russia
Refined Olive Oil Price in Russia (CIF) - 2022
In January 2022, the average refined olive oil import price amounted to $3,008 per ton, declining by -7.8% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2021 an increase of 14% month-to-month. The import price peaked at $3,264 per ton in December 2021, and then fell in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($3,247 per ton), while the price for Turkey ($2,145 per ton) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Refined Olive Oil Price in Russia (FOB) - 2022
In 2022, the average refined olive oil export price amounted to $3,470 per ton, which is down by -17% against the previous year. In general, the export price saw a pronounced downturn. The growth pace was the most rapid in 2021 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices attained the maximum at $5,738 per ton 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 external markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($4,220 per ton), while the average price for exports to Tajikistan ($1,851 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 Kazakhstan (-0.5%), while the prices for the other major destinations experienced a decline.
Refined Olive Oil Imports in Russia
In 2022, the amount of refined olive oil imported into Russia expanded remarkably to 4.9K tons, with an increase of 7.6% compared with 2021 figures. The total import volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 20% against the previous year. As a result, imports reached the peak of 5.3K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, refined olive oil imports fell modestly to $14M in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 9.7%.
| Import of Refined Olive Oil in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 5.2 | 5.6 | 6.1 | 8.7 | 18.7% |
| Spain | 6.8 | 7.7 | 7.3 | 4.3 | -14.2% |
| Turkey | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Total | 12.3 | 13.5 | 13.7 | 13.6 | 3.4% |
Top Suppliers of Refined Olive Oil to Russia in 2022:
- Italy (2.9K tons)
- Spain (1.8K tons)
- Turkey (0.1K tons)
Refined Olive Oil Exports in Russia
In 2022, approx. 58 tons of refined olive oil were exported from Russia; with an increase of 13% against the year before. In general, exports continue to indicate a relatively flat trend pattern.
In value terms, refined olive oil exports dropped to $202K in 2022. The total export value increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 15% against the previous year. As a result, the exports reached the peak of $216K, and then reduced in the following year.
| Export of Refined Olive Oil in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Kazakhstan | 81.7 | 105 | 118 | 104 | 8.4% |
| Ukraine | 30.4 | 33.5 | 45.1 | 51.6 | 19.3% |
| Belarus | 52.7 | 38.1 | 9.6 | 30.2 | -16.9% |
| Mongolia | 0.1 | 0.4 | 2.6 | 6.6 | 304.1% |
| Tajikistan | 3.8 | 0.6 | 2.8 | 5.2 | 11.0% |
| Kyrgyzstan | 10.1 | 1.3 | 13.8 | 4.1 | -26.0% |
| Others | 16.4 | 9.0 | 24.1 | 0.8 | -63.5% |
| Total | 195 | 188 | 216 | 202 | 1.2% |
Top Export Markets for Refined Olive Oil from Russia in 2022:
- Kazakhstan (24.6 tons)
- Ukraine (19.7 tons)
- Belarus (8.2 tons)
- Tajikistan (2.8 tons)
- Mongolia (1.9 tons)
- Kyrgyzstan (1.0 tons)
This report provides an in-depth analysis of the refined olive oil market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10415310 - Refined olive oil and its fractions (excluding chemically modified)
Country coverage:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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