Exports of confectionery products in Russia increased by 16.5%

Published 2021년 9월 6일

Tridge summary

The article highlights a significant growth in Russia's confectionery exports in the first half of 2021, with a 16.5% increase in volume and a 19.3% increase in value compared to the same period in the previous year. The exports reached 329.6 thousand tons and $709.5 million, surpassing both the previous year and the pre-pandemic levels of 2019. Chocolate products were the primary contributor to this growth, accounting for 47.7% of the total exports. Flour and sugar confectionery also saw increases of 12.8% and 14.4%, respectively. The major importers include Kazakhstan, Belarus, and Azerbaijan, with exports to 94 countries. Despite these positive trends, the industry faces challenges such as increased costs of raw materials and logistics, as well as new regulations from the EU and Belarus. The article also mentions the potential for further growth, particularly in the Chinese market, if these challenges are addressed and state support continues.

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

Original content

According to the results of the first half of the year, the export of confectionery products increased by 16.5% compared to the same period last year and amounted to 329.6 thousand tons, the value of which amounted to $ 709.5 million (plus 19.3%). Thus, the volume of supplies exceeded the level of the same period of 2020 and the pre-pandemic year of 2019, Izvestia writes with reference to the Association of the Confectionery Industry Enterprise (ASKOND). The overwhelming volume of sales falls on chocolate products - 47.7% of total exports or $ 338.6 million, in kind - 39.9%, or 131.7 thousand tons. Deliveries of chocolate products in kind increased by 21.8% compared to the same period last year. This is the highest growth rate among all types of confectionery. Exports of flour products in the first half of 2021 added 12.8% to 146.6 thousand tons. Supplies of sugar confectionery (marshmallows, marmalade, etc.) increased by 14.4% to 51.3 thousand tons. Major importers Russian ...

Source: AgroInvestor