CIS: Crispbread Market 2024

Crispbread Market Size in CIS

The CIS crispbread market expanded rapidly to $X in 2021, picking up by 11% against the previous year. The total consumption indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -9.3% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Crispbread Production in CIS

In value terms, crispbread production rose sharply to $X in 2021 estimated in export price. The total production indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.5% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 33% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Crispbread Exports

Exports in CIS

After six years of growth, shipments abroad of crispbread decreased by -6.1% to X tons in 2021. Overall, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2013 with an increase of 126%. The volume of export peaked at X tons in 2020, and then fell in the following year.

In value terms, crispbread exports reached $X in 2021. In general, exports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 117%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

Russia prevails in exports structure, finishing at X tons, which was approx. 82% of total exports in 2021. Belarus (X tons) held the second position in the ranking, followed by Moldova (X tons). All these countries together took approx. 17% share of total exports.

Exports from Russia increased at an average annual rate of +17.4% from 2012 to 2021. At the same time, Belarus (+41.1%) and Moldova (+7.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +41.1% from 2012-2021. While the share of Belarus (+7.5 p.p.) and Russia (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Moldova (-9.6 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest crispbread supplier in the CIS, comprising 84% of total exports. The second position in the ranking was taken by Belarus ($X), with an 11% share of total exports.

In Russia, crispbread exports expanded at an average annual rate of +14.3% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+39.2% per year) and Moldova (+4.3% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2021, increasing by 8% against the previous year. In general, the export price, however, showed a pronounced setback. The pace of growth appeared the most rapid in 2018 an increase of 14%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Belarus ($X per ton), while Moldova ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-1.4%), while the other leaders experienced a decline in the export price figures.

Crispbread Imports

Imports in CIS

In 2021, after five years of growth, there was significant decline in purchases abroad of crispbread, when their volume decreased by -10.7% to X tons. The total import volume increased at an average annual rate of +3.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 25% against the previous year. The volume of import peaked at X tons in 2020, and then fell in the following year.

In value terms, crispbread imports contracted to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.6% against 2015 indices. The most prominent rate of growth was recorded in 2013 with an increase of 36%. Over the period under review, imports hit record highs at $X in 2020, and then shrank in the following year.

Imports by Country

In 2021, Russia (X tons), Belarus (X tons) and Kazakhstan (X tons) was the major importer of crispbread in the CIS, making up 86% of total import. It was distantly followed by Azerbaijan (X tons), constituting a 7.9% share of total imports. The following importers - Moldova (X tons) and Uzbekistan (X tons) - each recorded a 3.9% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Uzbekistan (with a CAGR of +110.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread importing markets in the CIS were Russia ($X), Belarus ($X) and Kazakhstan ($X), together comprising 87% of total imports. These countries were followed by Azerbaijan, Moldova and Uzbekistan, which together accounted for a further 11%.

Uzbekistan, with a CAGR of +126.7%, recorded 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 2021, with an increase of 4.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 9%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Russia ($X per ton), while Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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