Russian Federation: Bacon And Ham Market 2024

Bacon And Ham Market Size in the Russian Federation

In 2022, after two years of growth, there was decline in the Russian bacon and ham market, when its value decreased by X% to $X. Over the period under review, consumption continues to indicate a abrupt setback. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Bacon And Ham Production in the Russian Federation

In value terms, bacon and ham production dropped modestly to $X in 2022 estimated in export price. In general, production faced a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Bacon And Ham Exports

Exports from the Russian Federation

Bacon and ham exports from Russia soared to X tons in 2022, jumping by X% against the previous year's figure. Overall, exports saw a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, bacon and ham exports soared to $X in 2022. In general, exports, however, continue to indicate a mild slump. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) was the main destination for bacon and ham exports from Russia, with a X% share of total exports. Moreover, bacon and ham exports to Kazakhstan exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), fivefold.

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: the United Arab Emirates (X% per year) and Armenia (X% per year).

In value terms, the largest markets for bacon and ham exported from Russia were the United Arab Emirates ($X), Kazakhstan ($X) and Armenia ($X), together comprising X% of total exports.

Among the main countries of destination, Armenia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average bacon and ham export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

Bacon And Ham Imports

Imports into the Russian Federation

In 2022, after three years of growth, there was significant decline in purchases abroad of bacon, ham and other dried, salted or smoked pig meat, when their volume decreased by X% to X tons. Over the period under review, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, bacon and ham imports contracted markedly to $X in 2022. In general, imports saw a sharp setback. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Armenia (X tons) constituted the largest supplier of bacon and ham to Russia, accounting for a X% share of total imports. Moreover, bacon and ham imports from Armenia exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), fourfold. Italy (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, Switzerland ($X), Armenia ($X) and Italy ($X) constituted the largest bacon and ham suppliers to Russia, together comprising X% of total imports.

Among the main suppliers, Switzerland, 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

In 2022, the average bacon and ham import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a resilient 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, bacon and ham import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform