Russian Federation: Breakfast Cereal Market 2024

Breakfast Cereal Market Size in the Russian Federation

The Russian breakfast cereal market dropped notably to $X in 2022, which is down by X% against the previous year. Overall, consumption continues to indicate a pronounced descent. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Breakfast Cereal Production in the Russian Federation

In value terms, breakfast cereal production fell to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Breakfast cereal production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Breakfast Cereal Exports

Exports from the Russian Federation

In 2022, shipments abroad of breakfast cereals increased by X% to X tons, rising for the sixth consecutive year after two years of decline. Overall, exports showed buoyant growth. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, breakfast cereal exports contracted rapidly to $X in 2022. Over the period under review, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Kazakhstan (X tons), China (X tons) and Azerbaijan (X tons) were the main destinations of breakfast cereal exports from Russia, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

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

Export Prices by Country

In 2022, the average breakfast cereal export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a deep contraction. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kyrgyzstan ($X per ton), while the average price for exports to China ($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 Israel (X%), while the prices for the other major destinations experienced a decline.

Breakfast Cereal Imports

Imports into the Russian Federation

After four years of growth, overseas purchases of breakfast cereals decreased by X% to X tons in 2022. Overall, imports, however, saw a tangible expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then shrank sharply in the following year.

In value terms, breakfast cereal imports contracted markedly to $X in 2022. In general, imports saw a mild decrease. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of breakfast cereal to Russia, accounting for a X% share of total imports. Moreover, breakfast cereal imports from Turkey exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. Poland (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Poland (X% per year).

In value terms, Turkey ($X) constituted the largest supplier of breakfast cereals to Russia, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and China (X% per year).

Import Prices by Country

The average breakfast cereal import price stood at $X per ton in 2022, reducing by X% against the previous year. In general, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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