Russian Federation: Primary Fiber Crops Market 2024

Primary Fiber Crops Market Size in the Russian Federation

The Russian primary fiber crops market dropped to $X in 2022, shrinking by X% against the previous year. Overall, consumption showed a abrupt downturn. Primary fiber crops consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Primary Fiber Crops Production in the Russian Federation

In value terms, primary fiber crops production reached $X in 2022 estimated in export price. In general, production, however, saw a deep slump. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Primary Fiber Crops Exports

Exports from the Russian Federation

Primary fiber crops exports from Russia declined dramatically to X tons in 2022, with a decrease of X% against 2021. In general, exports, however, recorded strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. As a result, the exports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, primary fiber crops exports fell sharply to $X in 2022. Over the period under review, exports, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then declined remarkably in the following year.

Exports by Country

China (X tons) was the main destination for primary fiber crops exports from Russia, accounting for a X% share of total exports. Moreover, primary fiber crops exports to China exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), eightfold. The third position in this ranking was held by Kazakhstan (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Kazakhstan (X% per year).

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

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

Export Prices by Country

The average primary fiber crops export price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced a decline.

Primary Fiber Crops Imports

Imports into the Russian Federation

In 2022, approx. X tons of fiber crops (primary) were imported into Russia; declining by X% compared with 2021 figures. In general, imports recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, primary fiber crops imports plummeted to $X in 2022. Overall, imports saw a noticeable curtailment. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

India (X tons), Kazakhstan (X tons) and Tajikistan (X tons) were the main suppliers of primary fiber crops imports to Russia, together accounting for X% of total imports.

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

In value terms, the largest primary fiber crops suppliers to Russia were Kazakhstan ($X), Tajikistan ($X) and Belarus ($X), together comprising X% of total imports. Turkey, India, Sri Lanka, Bangladesh, Kyrgyzstan and Uzbekistan lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, India, with a CAGR of X%, saw the highest growth rate of 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 primary fiber crops import price stood at $X per ton in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain 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 Kyrgyzstan ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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