Price for Protein; Concentrates and Textured Protein Substances in Russia - 2022

Contents:

1. Price for Protein; Concentrates and Textured Protein Substances in Russia (CIF) - 2022
2. Price for Protein; Concentrates and Textured Protein Substances in Russia (FOB) - 2022
3. Imports of Protein; Concentrates and Textured Protein Substances in Russia
4. Exports of Protein; Concentrates and Textured Protein Substances in Russia

Price for Protein; Concentrates and Textured Protein Substances in Russia (CIF) - 2022

In 2022, the average import price for protein; concentrates and textured protein substanceses amounted to $3,965 per ton, declining by -6.5% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for protein; concentrates and textured protein substanceses increased by +56.7% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 65%. As a result, import price attained the peak level of $4,745 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($15,587 per ton), while the price for Lithuania ($1,792 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Protein; Concentrates and Textured Protein Substances in Russia (FOB) - 2022

The average export price for protein; concentrates and textured protein substanceses stood at $1,541 per ton in 2022, dropping by -10.5% against the previous year. Overall, the export price, however, recorded slight growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices hit record highs at $1,723 per ton in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Kyrgyzstan ($1,961 per ton), while the average price for exports to Ukraine ($778 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 Denmark (+39.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Protein; Concentrates and Textured Protein Substances in Russia

Imports of protein; concentrates and textured protein substanceses into Russia contracted to 3.7K tons in 2022, falling by -8.4% against 2021. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 24%.

In value terms, imports of protein; concentrates and textured protein substanceses reduced to $15M in 2022. Overall, imports showed a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year.

Top Suppliers of Protein; Concentrates and Textured Protein Substances to Russia in 2022:

1. China (2639.7 tons)
2. Lithuania (283.9 tons)
3. Spain (227.7 tons)
4. Austria (135.1 tons)
5. Kazakhstan (94.4 tons)
6. Belgium (59.5 tons)
7. United States (31.2 tons)
8. Italy (27.8 tons)

Exports of Protein; Concentrates and Textured Protein Substances in Russia

After three years of growth, overseas shipments of protein; concentrates and textured protein substanceses decreased by -9.7% to 4.4K tons in 2022. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of 4.9K tons, and then declined in the following year.

In value terms, exports of protein; concentrates and textured protein substanceses dropped significantly to $6.8M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +47.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. As a result, the exports reached the peak of $8.4M, and then shrank sharply in the following year.

Top Export Markets for Protein; Concentrates and Textured Protein Substances from Russia in 2022:

1. Kazakhstan (1402.5 tons)
2. Tajikistan (1322.7 tons)
3. Moldova (313.8 tons)
4. Ukraine (294.9 tons)
5. Georgia (287.5 tons)
6. Kyrgyzstan (180.7 tons)
7. Turkey (109.5 tons)

Source: IndexBox Market Intelligence Platform