Russian Federation: Beef Market 2024

Beef Market Size in the Russian Federation

In 2022, the Russian beef market decreased by X% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption saw a perceptible descent. The growth pace was the most rapid in 2018 when the market value increased by X% against the previous year. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Beef Production in the Russian Federation

In value terms, beef production rose modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

The average yield of beef (cattle meat) in Russia fell to X kg per head in 2022, approximately reflecting 2021 figures. In general, the yield, however, recorded a modest increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The beef yield peaked at X kg per head in 2021, and then dropped in the following year.

In 2022, the number of animals slaughtered for beef production in Russia was estimated at X heads, remaining stable against 2021. In general, the number of producing animals, however, saw a relatively flat trend pattern. Over the period under review, this number reached the maximum level at X heads in 2012; however, from 2013 to 2022, producing animals stood at a somewhat lower figure.

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Beef Exports

Exports from the Russian Federation

In 2022, overseas shipments of beef (cattle meat) decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then declined in the following year.

In value terms, beef exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted in the following year.

Exports by Country

China (X tons) was the main destination for beef exports from Russia, accounting for a X% share of total exports. Moreover, beef exports to China exceeded the volume sent to the second major destination, Paraguay (X tons), more than tenfold. The third position in this ranking was held by Kazakhstan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (X% per year) and Kazakhstan (X% per year).

In value terms, China ($X) remains the key foreign market for beef (cattle meat) exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports. It was followed by Uzbekistan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the average beef export price amounted to $X per ton, remaining stable against the previous year. In general, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, beef export price increased by X% against 2015 indices. The growth pace was the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2021, and then dropped modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Morocco ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Beef Imports

Imports into the Russian Federation

In 2022, overseas purchases of beef (cattle meat) decreased by X% to X tons, falling for the ninth consecutive year after two years of growth. In general, imports continue to indicate a deep reduction. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, beef imports fell dramatically to $X in 2022. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Paraguay (X tons), Brazil (X tons) and Colombia (X tons) were the main suppliers of beef imports to Russia, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Colombia (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest beef suppliers to Russia were Paraguay ($X), Brazil ($X) and Colombia ($X), together accounting for X% of total imports.

Among the main suppliers, Colombia, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average beef import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Uruguay ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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