CIS: Peanut Butter Market Overview 2021

Peanut Butter Market Size in CIS

The CIS peanut butter market shrank to $X in 2020, reducing by -X% against the previous year. In general, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 with an increase of X% year-to-year. The level of consumption peaked at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Peanut Butter Production in CIS

In value terms, peanut butter production shrank dramatically to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

Production By Country in CIS

Russia (X tonnes) constituted the country with the largest volume of peanut butter production, comprising approx. X% of total volume. Moreover, peanut butter production in Russia exceeded the figures recorded by the second-largest producer, Kazakhstan (X tonnes), sixfold. The third position in this ranking was occupied by Uzbekistan (X tonnes), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume in Russia amounted to +X%. In the other countries, the average annual rates were as follows: Kazakhstan (+X% per year) and Uzbekistan (+X% per year).

Peanut Butter Exports

Exports in CIS

In 2020, shipments abroad of peanut butter and prepared or preserved groundnuts decreased by -X% to X tonnes for the first time since 2011, thus ending a eight-year rising trend. In general, exports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. Over the period under review, exports attained the maximum at X tonnes in 2019, and then fell rapidly in the following year.

In value terms, peanut butter exports reduced notably to $X in 2020. Over the period under review, exports, however, showed a buoyant increase. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, exports hit record highs at $X in 2019, and then contracted rapidly in the following year.

Exports by Country

Uzbekistan represented the major exporting country with an export of about X tonnes, which amounted to X% of total exports. Russia (X tonnes) took a X% share (based on tonnes) of total exports, which put it in second place, followed by Kazakhstan (X%). The following exporters - Moldova (X tonnes) and Tajikistan (X tonnes) - each resulted at a X% share of total exports.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Uzbekistan, while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest peanut butter supplying countries in the CIS were Uzbekistan ($X), Russia ($X) and Kazakhstan ($X), together comprising X% of total exports.

Among the main exporting countries, Uzbekistan saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The peanut butter export price in the CIS stood at $X per tonne in 2020, which is down by -X% against the previous year. In general, the export price continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2011 when the export price increased by X% against the previous year. Over the period under review, export prices reached the maximum at $X per tonne in 2012; however, from 2013 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Moldova ($X per tonne), while Tajikistan ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Moldova, while the other leaders experienced more modest paces of growth.

Peanut Butter Imports

Imports in CIS

In 2020, peanut butter imports in the CIS reduced notably to X tonnes, declining by -X% compared with 2019 figures. In general, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2009 with an increase of X% year-to-year. The volume of import peaked at X tonnes in 2010; however, from 2011 to 2020, imports failed to regain the momentum.

In value terms, peanut butter imports contracted rapidly to $X in 2020. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2009 when imports increased by X% y-o-y. Over the period under review, imports reached the peak figure at $X in 2010; however, from 2011 to 2020, imports failed to regain the momentum.

Imports by Country

Russia represented the largest importing country with an import of about X tonnes, which recorded X% of total imports. Kazakhstan (X tonnes) ranks second in terms of the total imports with a X% share, followed by Azerbaijan (X%) and Belarus (X%). Tajikistan (X tonnes) and Moldova (X tonnes) held a relatively small share of total imports.

Imports into Russia decreased at an average annual rate of -X% from 2007 to 2020. At the same time, Tajikistan (+X%), Kazakhstan (+X%), Azerbaijan (+X%) and Moldova (+X%) displayed positive paces of growth. Moreover, Tajikistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +X% from 2007-2020. Belarus experienced a relatively flat trend pattern. From 2007 to 2020, the share of Kazakhstan, Azerbaijan, Tajikistan, Belarus and Moldova increased by +X%, +X%, +X%, +X% and +X% percentage points, while Russia (-X p.p.) saw their share reduced.

In value terms, Russia ($X) constitutes the largest market for imported peanut butter and prepared or preserved groundnuts in the CIS, comprising X% of total imports. The second position in the ranking was occupied by Kazakhstan ($X), with a X% share of total imports. It was followed by Azerbaijan, with a X% share.

In Russia, peanut butter imports contracted by an average annual rate of -X% over the period from 2007-2020. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+X% per year) and Azerbaijan (+X% per year).

Import Prices by Country

The peanut butter import price in the CIS stood at $X per tonne in 2020, standing approx. at the previous year. Import price indicated a temperate increase from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, peanut butter import price increased by +X% against 2017 indices. The most prominent rate of growth was recorded in 2012 an increase of X% year-to-year. Over the period under review, import prices hit record highs at $X per tonne in 2013; however, from 2014 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Tajikistan ($X per tonne), while Russia ($X per tonne) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform