Russian Federation: Canned Meat Market 2024

Canned Meat Market Size in the Russian Federation

The Russian canned meat market declined to $X in 2022, falling by X% against the previous year. Overall, the total consumption indicated a pronounced increase 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 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Canned Meat Production in the Russian Federation

In value terms, canned meat production declined to $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible 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, production increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Canned Meat Exports

Exports from the Russian Federation

In 2022, after two years of growth, there was decline in shipments abroad of canned meat, when their volume decreased by X% to X tons. Overall, total exports indicated a tangible expansion from 2012 to 2022: its volume 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, canned meat exports rose remarkably to $X in 2022. In general, total exports indicated a buoyant increase 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Kazakhstan (X tons) was the main destination for canned meat exports from Russia, accounting for a X% share of total exports. Moreover, canned meat exports to Kazakhstan exceeded the volume sent to the second major destination, Tajikistan (X tons), sixfold. The third position in this ranking was taken by Azerbaijan (X tons), with an X% share.

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

In value terms, Kazakhstan ($X) remains the key foreign market for canned meat exports from Russia, comprising X% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a X% share of total exports. It was followed by Tajikistan, with a X% share.

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

Export Prices by Country

The average canned meat export price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, export price indicated a moderate 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, canned meat export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 Mongolia ($X per ton), while the average price for exports to Kazakhstan ($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 Mongolia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Meat Imports

Imports into the Russian Federation

After two years of growth, purchases abroad of canned meat decreased by X% to X tons in 2022. In general, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, canned meat imports shrank remarkably to $X in 2022. Over the period under review, imports showed a precipitous decline. The pace of growth appeared the most rapid in 2016 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Serbia (X tons) constituted the largest canned meat supplier to Russia, with a X% share of total imports. Moreover, canned meat imports from Serbia exceeded the figures recorded by the second-largest supplier, Slovenia (X tons), twofold. The third position in this ranking was taken by Kazakhstan (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Serbia was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Slovenia (X% per year) and Kazakhstan (X% per year).

In value terms, Serbia ($X), Slovenia ($X) and Kazakhstan ($X) were the largest canned meat suppliers to Russia, with a combined X% share of total imports. Lithuania, Italy, Armenia, Belgium, Mongolia, Germany, Hungary and France lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average canned meat import price stood at $X per ton in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Hungary ($X per ton), while the price for Kazakhstan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :