CIS: Egg Product Market 2024

Egg Product Market Size in CIS

After four years of growth, the CIS egg product market decreased by X% to $X in 2023. The total consumption indicated a pronounced increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2014 indices. Over the period under review, the market attained the maximum level at $X in 2022, and then dropped in the following year.

Egg Product Production in CIS

In value terms, egg product production fell to $X in 2023 estimated in export price. The total production indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2014 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2022, and then reduced in the following year.

Egg Product Exports

Exports in CIS

In 2023, approx. X tons of egg products were exported in the CIS; with an increase of X% against the year before. In general, exports posted a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, egg product exports rose notably to $X in 2023. Overall, exports enjoyed resilient growth. The growth pace was the most rapid in 2017 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Belarus (X tons) represented the main exporter of egg products, constituting X% of total exports. Kazakhstan (X tons) held the second position in the ranking, followed by Russia (X tons). All these countries together held approx. X% share of total exports.

From 2012 to 2023, average annual rates of growth with regard to egg product exports from Belarus stood at X%. At the same time, Kazakhstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2023. By contrast, Russia (X%) illustrated a downward trend over the same period. Belarus (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Belarus ($X) remains the largest egg product supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Russia ($X), with a X% share of total exports.

In Belarus, egg product exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2023, flattening at the previous year. In general, the export price, however, saw a noticeable curtailment. The growth pace was the most rapid in 2019 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced mixed trends in the export price figures.

Egg Product Imports

Imports in CIS

After three years of decline, supplies from abroad of egg products increased by X% to X tons in 2023. Over the period under review, imports posted a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, egg product imports rose markedly to $X in 2023. In general, imports showed a strong expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Imports by Country

Russia represented the main importing country with an import of about X tons, which resulted at X% of total imports. Belarus (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%), Uzbekistan (X%) and Moldova (X%). Kyrgyzstan (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to egg product imports into Russia stood at X%. At the same time, Uzbekistan (X%), Kyrgyzstan (X%), Moldova (X%), Kazakhstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Russia, Uzbekistan, Moldova and Kyrgyzstan increased by X, X, X and X percentage points, respectively.

In value terms, the largest egg product importing markets in the CIS were Russia ($X), Belarus ($X) and Uzbekistan ($X), with a combined X% share of total imports.

Uzbekistan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then dropped in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform