Russian Federation: Frozen Chicken Cut Market 2024

Frozen Chicken Cut Market Size in the Russian Federation

The Russian frozen chicken cut market dropped to $X in 2022, waning by -10.1% against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced expansion. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Frozen Chicken Cut Production in the Russian Federation

In value terms, frozen chicken cut production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant increase. The pace of growth was the most pronounced in 2015 with an increase of 648%. Frozen chicken cut production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Frozen Chicken Cut Exports

Exports from the Russian Federation

In 2022, after six years of growth, there was decline in overseas shipments of frozen cuts of chicken, when their volume decreased by -1.2% to X tons. Overall, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when exports increased by 113% against the previous year. The exports peaked at X tons in 2021, and then reduced in the following year.

In value terms, frozen chicken cut exports dropped to $X in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 127%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

China (X tons) was the main destination for frozen chicken cut exports from Russia, accounting for a 44% share of total exports. Moreover, frozen chicken cut exports to China exceeded the volume sent to the second major destination, Kazakhstan (X tons), threefold. Saudi Arabia (X tons) ranked third in terms of total exports with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +254.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+17.0% per year) and Saudi Arabia (+1,892.8% per year).

In value terms, China ($X) remains the key foreign market for frozen cuts of chicken exports from Russia, comprising 48% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 18% share of total exports. It was followed by Kazakhstan, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +318.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+2,094.1% per year) and Kazakhstan (+9.7% per year).

Export Prices by Country

The average frozen chicken cut export price stood at $X per ton in 2022, dropping by -7.9% against the previous year. Over the period under review, the export price, however, recorded measured growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 78%. Over the period under review, the average export prices hit record highs at $X per ton in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Vietnam ($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 Hong Kong SAR (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Chicken Cut Imports

Imports into the Russian Federation

In 2022, purchases abroad of frozen cuts of chicken decreased by -7.1% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, frozen chicken cut imports contracted to $X in 2022. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 33% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X tons) constituted the largest supplier of frozen chicken cut to Russia, with a 82% share of total imports. Moreover, frozen chicken cut imports from Brazil exceeded the figures recorded by the second-largest supplier, Belarus (X tons), sevenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Brazil amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+26.0% per year) and Argentina (-10.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of frozen cuts of chicken to Russia, comprising 90% of total imports. The second position in the ranking was taken by Belarus ($X), with a 5.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Brazil totaled +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belarus (+9.8% per year) and Argentina (-13.5% per year).

Import Prices by Country

The average frozen chicken cut import price stood at $X per ton in 2022, falling by -5.5% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 20%. The import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat 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 Brazil ($X per ton), while the price for Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (-2.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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