CIS: Sweet Potato Market 2024

Sweet Potato Market Size in CIS

For the eighth year in a row, the CIS sweet potato market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption continues to indicate a significant increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Sweet Potato Production in CIS

In value terms, sweet potato production soared to $X in 2022 estimated in export price. Overall, production showed buoyant growth. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

The country with the largest volume of sweet potato production was Kyrgyzstan (X tons), accounting for X% of total volume. Moreover, sweet potato production in Kyrgyzstan exceeded the figures recorded by the second-largest producer, Belarus (X tons), twofold. Uzbekistan (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Kyrgyzstan amounted to X%. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Uzbekistan (X% per year).

Sweet Potato Exports

Exports in CIS

In 2022, shipments abroad of sweet potatoes increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, sweet potato exports surged to $X in 2022. Overall, exports enjoyed a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Kyrgyzstan prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2022. It was distantly followed by Russia (X tons) and Belarus (X tons), together constituting an X% share of total exports. Armenia (X tons) followed a long way behind the leaders.

Kyrgyzstan experienced a relatively flat trend pattern with regard to volume of exports of sweet potatoes. Armenia experienced a relatively flat trend pattern. Russia (X%) and Belarus (X%) illustrated a downward trend over the same period. Kyrgyzstan (X p.p.), Belarus (X p.p.) and Armenia (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kyrgyzstan ($X) emerged as the largest sweet potato supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports. It was followed by Armenia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kyrgyzstan was relatively modest. In the other countries, the average annual rates were as follows: Russia (X% per year) and Armenia (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price posted a prominent increase. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Sweet Potato Imports

Imports in CIS

For the eleventh year in a row, the CIS recorded growth in purchases abroad of sweet potatoes, which increased by X% to X tons in 2022. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, sweet potato imports soared to $X in 2022. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Russia dominates imports structure, reaching X tons, which was approx. X% of total imports in 2022. Belarus (X tons) and Moldova (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sweet potato imports into Russia stood at X%. At the same time, Belarus (X%) and Moldova (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. While the share of Belarus (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported sweet potatoes in the CIS, comprising X% of total imports. The second position in the ranking was held by Belarus ($X), with a X% share of total imports.

In Russia, sweet potato imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Belarus (X% per year) and Moldova (X% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2020 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then dropped in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Moldova ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform