Export of Russian sweets decreased in 2022

Published 2023년 3월 1일

Tridge summary

In 2022, Russia's confectionery exports to foreign markets saw a decrease, making up 16% of the total output compared to 21% in 2021. The exports were impacted by exchange rate fluctuations and market closures. The EU, China, and Saudi Arabia reduced their purchases, while Kazakhstan and Belarus increased imports. Despite these changes, confectionery exports are projected to grow by 36% in 2023, reaching 815 thousand tons, and further to 1 million tons in 2024. The decrease in production in Russia was minimal, with a 2.1% drop from 4.089 million to 4.003 million tons in 2022.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In 2022, Russia supplied 16% of the total output to foreign markets, while in 2021 this share was 21%. Almost half of exports in physical terms (49%) fell on the share of flour confectionery, 37% - on chocolate, 14% - on sugary products. At the same time, chocolate brought half of the revenue, flour and sugary products - 33% and 17%, respectively. Sergey Nosenko explained that last year exports were affected by fluctuations in exchange rates and the closure of certain markets. According to the federal center "Agroexport" under the Ministry of Agriculture, the EU countries have reduced purchases of our sweets in monetary terms by 57%, China - by 56%, Saudi Arabia - by 73%. True, the key buyers - Kazakhstan and Belarus, which account for almost half of the supply of Russian confectionery - increased imports by 20% and 23%, respectively. In this situation, it is necessary to pay more attention to Latin America, the Asian region and generally friendly countries, Nosenko believes. ...

Source: RG