CIS: Cereal Market 2024

Cereal Market Size in CIS

The CIS cereal market totaled $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Cereal Production in CIS

In value terms, cereal production shrank modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Russia (X tons) constituted the country with the largest volume of cereal production, accounting for X% of total volume. Moreover, cereal production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tons), sevenfold. The third position in this ranking was taken by Belarus (X tons), with a X% share.

In Russia, cereal production increased at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Kazakhstan (X% per year) and Belarus (X% per year).

The average cereal yield totaled X tons per ha in 2022, picking up by X% on the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the cereal yield reached the peak level at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of cereals in the CIS amounted to X ha, flattening at 2021 figures. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the harvested area dedicated to cereal production reached the maximum at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

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Cereal Exports

Exports in CIS

Cereal exports fell to X tons in 2022, dropping by X% against the previous year's figure. Overall, exports, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cereal exports shrank modestly to $X in 2022. In general, exports, however, recorded notable growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia represented the largest exporter of cereals in the CIS, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Kazakhstan (X tons) ranks second in terms of the total exports with a X% share, followed by Moldova (X%).

From 2012 to 2022, average annual rates of growth with regard to cereal exports from Russia stood at X%. At the same time, Moldova (X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. Russia (X p.p.) and Moldova (X p.p.) significantly strengthened its position in terms of the total exports, while Kazakhstan saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Russia ($X) remains the largest cereal supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports.

In Russia, cereal exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Moldova (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Moldova ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Cereal Imports

Imports in CIS

In 2022, the amount of cereals imported in the CIS skyrocketed to X tons, increasing by X% against 2021. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cereal imports soared to $X in 2022. Over the period under review, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belarus (X tons) and Uzbekistan (X tons) represented roughly X% of total imports in 2022. Kazakhstan (X tons) took the next position in the ranking, followed by Azerbaijan (X tons) and Tajikistan (X tons). All these countries together took approx. X% share of total imports. Armenia (X tons) and Kyrgyzstan (X tons) followed a long way behind the leaders.

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

In value terms, Belarus ($X), Uzbekistan ($X) and Azerbaijan ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Uzbekistan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Azerbaijan ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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