Russian Federation: Grain Market 2024

Grain Market Size in the Russian Federation

The Russian grain market expanded notably to $X in 2022, with an increase of X% against the previous year. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. Grain consumption peaked in 2022 and is likely to continue growth in the immediate term.

Grain Production in the Russian Federation

In value terms, grain production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

The average yield of cereal grains in Russia expanded to X tons per ha in 2022, with an increase of X% against the year before. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the average grain yield reached the maximum level at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of cereal grains production in Russia totaled X ha, remaining constant against the previous year's figure. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2013 when the harvested area increased by X%. The grain harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

Grain Exports

Exports from the Russian Federation

Grain exports from Russia declined significantly to X tons in 2022, with a decrease of X% on the previous year's figure. Overall, exports, however, posted a notable increase. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, grain exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X tons), Egypt (X tons) and Kazakhstan (X tons) were the main destinations of grain exports from Russia, with a combined X% share of total exports. Azerbaijan, Pakistan, Armenia and Kenya lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for grain exported from Russia were Turkey ($X), Egypt ($X) and Azerbaijan ($X), with a combined X% share of total exports. Kazakhstan, Pakistan, Kenya and Armenia lagged somewhat behind, together accounting for a further X%.

Pakistan, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average grain export price stood at $X per ton in 2022, surging by X% against the previous year. Overall, export price indicated a mild expansion 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, grain export price increased by X% against 2017 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in years to come.

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

Grain Imports

Imports into the Russian Federation

In 2022, approx. X tons of cereal grains were imported into Russia; with a decrease of X% on 2021 figures. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, grain imports rose sharply to $X in 2022. Overall, imports, however, posted a modest increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest grain supplier to Russia, accounting for a X% share of total imports. Moreover, grain imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. The third position in this ranking was held by Hungary (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Kazakhstan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Hungary (X% per year).

In value terms, Hungary ($X), France ($X) and Kazakhstan ($X) were the largest grain suppliers to Russia, together accounting for X% of total imports. Austria, the United Arab Emirates, Germany, Turkey and Denmark lagged somewhat behind, together accounting for a further X%.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average grain import price stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price showed a significant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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