Russian Federation: Butter And Ghee Market 2024

Butter And Ghee Market Size in the Russian Federation

For the third consecutive year, the Russian butter and ghee market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption continues to indicate a drastic downturn. Butter and ghee consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Butter And Ghee Exports

Exports from the Russian Federation

In 2022, the amount of butter and ghee exported from Russia skyrocketed to X tons, with an increase of X% compared with 2021. In general, exports, however, recorded a pronounced contraction. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, butter and ghee exports soared to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Kazakhstan (X tons) was the main destination for butter and ghee exports from Russia, accounting for a X% share of total exports. Moreover, butter and ghee exports to Kazakhstan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), sixfold. Azerbaijan (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Kazakhstan ($X) remains the key foreign market for butter and ghee exports from Russia, comprising X% of total exports. The second position in the ranking was held by Kyrgyzstan ($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: Kyrgyzstan (X% per year) and Azerbaijan (X% per year).

Export Prices by Country

In 2022, the average butter and ghee export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a notable 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, butter and ghee export price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($X per ton), while the average price for exports to Kyrgyzstan ($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 Kyrgyzstan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Butter And Ghee Imports

Imports into the Russian Federation

In 2022, purchases abroad of butter and ghee decreased by X% to X tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, butter and ghee imports declined rapidly to $X in 2022. In general, imports faced a deep setback. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Argentina (X tons), Uruguay (X tons) and Kyrgyzstan (X tons) were the main suppliers of butter and ghee imports to Russia, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kyrgyzstan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Kazakhstan ($X) and Uruguay ($X) constituted the largest butter and ghee suppliers to Russia, with a combined X% share of total imports. New Zealand, Armenia, Kyrgyzstan, Azerbaijan and Finland lagged somewhat behind, together comprising a further X%.

Kyrgyzstan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average butter and ghee import price amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton; afterwards, it flattened through to 2022.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :