Russian Federation: Confectionery Market 2022

Confectionery Market Size in the Russian Federation

The russian confectionery market was finally on the rise to reach $X in 2021, after three years of decline.Overall, consumption, however, showed a noticeable setback.Confectionery consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Confectionery Production in the Russian Federation

In value terms, confectionery production rose significantly to $X in 2021 estimated in export price.In general, production, however, saw a pronounced downturn.The growth pace was the most rapid in 2013 with an increase of X% against the previous year.Confectionery production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Confectionery Exports

Exports from the Russian Federation

In 2021, overseas shipments of confectionery increased by X% to X tons, rising for the sixth year in a row after two years of decline.In general, exports continue to indicate a prominent increase.The most prominent rate of growth was recorded in 2018 when exports increased by X the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, confectionery exports surged to $X in 2021.Overall, total exports indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. the trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. based on 2021 figures, exports increased by +X% against 2015 indices.The growth pace was the most rapid in 2013 with an increase of X the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Exports by Country

Kazakhstan (X tons), Belarus (X tons) and China (X tons) were the main destinations of confectionery exports from Russia, together comprising X% of total exports.

From 2012 to 2021, 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 ($X), Belarus ($X) and China ($X) appeared to be the largest markets for confectionery exported from Russia worldwide, together comprising X% of total exports.

China, with a cagr of +X%, recorded the highest growth rate of the value of exports, among 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 confectionery export price stood at $X per ton in 2021, growing by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced descent. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Armenia ($X per ton), while the average price for exports to Tajikistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Tajikistan (+X%), while the prices for the other major destinations experienced a decline.

Confectionery Imports

Imports into the Russian Federation

In 2021, approx. X tons of confectionery were imported into russia; surging by X% compared with the previous year.Over the period under review, imports, however, showed a relatively flat trend pattern.The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year.Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, confectionery imports skyrocketed to $X in 2021.Overall, imports, however, showed a relatively flat trend pattern.Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Belarus (X tons) and Indonesia (X tons) were the main suppliers of confectionery imports to Russia, together comprising X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belarus (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of confectionery to Russia, comprising X% of total imports. The second position in the ranking was taken by Indonesia ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+X% per year) and Malaysia (+X% per year).

Import Prices by Country

The average confectionery import price stood at $X per ton in 2021, rising by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, import price reached the peak level of $X per ton. from 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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