Russian Federation: Cereal Market 2024

Cereal Market Size in the Russian Federation

The Russian cereal market expanded sharply to $X in 2022, with an increase of X% against the previous year. Over the period under review, the total consumption indicated strong growth 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. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in years to come.

Cereal Production in the Russian Federation

In value terms, cereal production fell to $X in 2022 estimated in export price. The total output value 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 most prominent rate of growth was recorded in 2013 with an increase of X%. 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 cereals in Russia was estimated at X tons per ha in 2022, surging by X% compared with the previous year's figure. 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 in certain years. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. The cereal yield peaked 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 cereals production in Russia totaled X ha, remaining constant against the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. The cereal harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

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Cereal Exports

Exports from the Russian Federation

Cereal exports from Russia fell notably to X tons in 2022, waning by X% on 2021. Overall, exports, however, showed a notable increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, cereal exports declined to $X in 2022. Over the period under review, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure 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 cereal 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, Turkey ($X), Egypt ($X) and Azerbaijan ($X) constituted the largest markets for cereal exported from Russia worldwide, together comprising X% of total exports. Kazakhstan, Pakistan, Kenya and Armenia lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the average cereal export price amounted to $X per ton, picking up by X% against the previous year. In general, export price indicated a modest 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, cereal export price increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: 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.

Cereal Imports

Imports into the Russian Federation

In 2022, the amount of cereals imported into Russia dropped sharply to X tons, with a decrease of X% against 2021. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, cereal imports expanded remarkably to $X in 2022. Over the period under review, imports, however, continue to indicate a slight expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Kazakhstan (X tons) constituted the largest cereal supplier to Russia, with a X% share of total imports. Moreover, cereal imports from Kazakhstan exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), twofold. Hungary (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Kazakhstan stood at 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, the largest cereal suppliers to Russia were Hungary ($X), France ($X) and Kazakhstan ($X), 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, 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

The average cereal import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price saw a significant increase. As a result, import price attained 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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