CIS: Cereal Flour Market 2024

Cereal Flour Market Size in CIS

In 2023, after four years of growth, there was significant decline in the CIS cereal flour market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2022, and then fell in the following year.

Cereal Flour Production in CIS

In value terms, cereal flour production rose slightly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Cereal Flour Exports

Exports in CIS

In 2023, after two years of decline, there was significant growth in overseas shipments of cereal flours, when their volume increased by X% to X tons. Total exports indicated mild growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of export peaked at X tons in 2018; afterwards, it flattened through to 2023.

In value terms, cereal flour exports soared to $X in 2023. Total exports indicated a noticeable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) represented the main exporters of cereal flours in 2023, finishing at near X% and X% of total exports, respectively. It was distantly followed by Russia (X tons), creating a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Uzbekistan ($X), Kazakhstan ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.

Among the main exporting countries, Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2023, the export price in the CIS amounted to $X per ton, falling by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the export price figures.

Cereal Flour Imports

Imports in CIS

In 2023, cereal flour imports in the CIS declined dramatically to X tons, reducing by X% compared with 2022. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports remained at a lower figure.

In value terms, cereal flour imports surged to $X in 2023. Overall, imports, however, posted moderate growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of import peaked in 2023 and is likely to see steady growth in years to come.

Imports by Country

Uzbekistan was the major importer of cereal flours in the CIS, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2023. Azerbaijan (X tons) ranks second in terms of the total imports with a X% share, followed by Tajikistan (X%), Kyrgyzstan (X%), Russia (X%), Armenia (X%) and Moldova (X%).

From 2012 to 2023, average annual rates of growth with regard to cereal flour imports into Uzbekistan stood at X%. At the same time, Armenia (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Russia (X%), Moldova (X%), Kyrgyzstan (X%) and Tajikistan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Uzbekistan, Azerbaijan and Armenia increased by X, X and X percentage points, respectively.

In value terms, Uzbekistan ($X) constitutes the largest market for imported cereal flours in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with a X% share of total imports. It was followed by Tajikistan, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Uzbekistan amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (X% per year) and Tajikistan (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per ton, surging by X% against the previous year. Overall, the import price recorded a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Armenia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform