Russian Federation: Potato Chips Market 2024

Potato Chips Market Size in the Russian Federation

The Russian potato chips market soared to $X in 2023, picking up by X% against the previous year. Over the period under review, the total consumption indicated modest growth 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. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Potato Chips Production in the Russian Federation

In value terms, potato chips production rose remarkably to $X in 2023 estimated in export price. Overall, production posted moderate growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Potato chips production peaked in 2023 and is expected to retain growth in years to come.

Potato Chips Exports

Exports from the Russian Federation

In 2023, after seven years of growth, there was significant decline in overseas shipments of potato chips, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at X tons in 2022, and then shrank sharply in the following year.

In value terms, potato chips exports contracted significantly to $X in 2023. Overall, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2022, and then contracted dramatically in the following year.

Exports by Country

Kazakhstan (X tons) was the main destination for potato chips exports from Russia, with a X% share of total exports. Moreover, potato chips exports to Kazakhstan exceeded the volume sent to the second major destination, Azerbaijan (X tons), fourfold. The third position in this ranking was taken by Kyrgyzstan (X tons), with a X% share.

From 2012 to 2023, 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: Azerbaijan (X% per year) and Kyrgyzstan (X% per year).

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

From 2012 to 2023, the average annual rate of growth in terms of value to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and Armenia (X% per year).

Export Prices by Country

The average potato chips export price stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the export price, however, recorded a mild shrinkage. The growth pace was the most rapid in 2022 when the average export price increased by X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2023, 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 more modest paces of growth.

Potato Chips Imports

Imports into the Russian Federation

In 2023, approx. X tons of potato chips were imported into Russia; rising by X% on the previous year's figure. Over the period under review, imports, however, saw a abrupt slump. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, potato chips imports soared to $X in 2023. In general, imports, however, recorded a pronounced slump. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Turkey (X tons), Italy (X tons) and Poland (X tons) were the main suppliers of potato chips imports to Russia, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Italy ($X) and Poland ($X) were the largest potato chips suppliers to Russia, with a combined X% share of total imports.

Among the main suppliers, Italy, with a CAGR of X%, recorded 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 potato chips import price stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, import price indicated a buoyant increase from 2012 to 2023: its price 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, potato chips import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2022, and then contracted modestly in the following year.

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

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

Source: IndexBox Platform