Russian Federation: Glucose Market 2024

Glucose Market Size in the Russian Federation

The Russian glucose market shrank remarkably to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, saw a abrupt decline. Glucose consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Glucose Production in the Russian Federation

In value terms, glucose production declined dramatically to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when the production volume increased by X%. Glucose production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Glucose Exports

Exports from the Russian Federation

In 2022, exports of glucose and glucose syrup from Russia surged to X tons, growing by X% compared with the year before. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, glucose exports rose markedly to $X in 2022. Overall, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Belarus (X tons), Kazakhstan (X tons) and Ukraine (X tons) were the main destinations of glucose exports from Russia, with a combined X% share of total exports. Azerbaijan, Moldova, Uzbekistan and Ecuador lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X) remains the key foreign market for glucose and glucose syrup exports from Russia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Belarus totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Ukraine (X% per year).

Export Prices by Country

In 2022, the average glucose export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price showed a pronounced curtailment. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per ton), while the average price for exports to Moldova ($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 Azerbaijan (X%), while the prices for the other major destinations experienced a decline.

Glucose Imports

Imports into the Russian Federation

In 2022, supplies from abroad of glucose and glucose syrup increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, glucose imports skyrocketed to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Kazakhstan (X tons), China (X tons) and France (X tons) were the main suppliers of glucose imports to Russia, with a combined X% share of total imports. Bulgaria, Belgium and Germany lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Kazakhstan ($X) and France ($X) constituted the largest glucose suppliers to Russia, with a combined X% share of total imports. Bulgaria, Belgium and Germany lagged somewhat behind, together comprising a further X%.

Belgium, 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 glucose import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then fell markedly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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