In 2022, the export of Russian margarine grew by 36%

Published 2023년 1월 18일

Tridge summary

In 2022, Russia experienced a significant increase in margarine exports, with a 36% rise to 390 thousand tons, valued at 69% more than in 2021. The main export markets were Central Asian countries, led by Uzbekistan, Kazakhstan, and Turkmenistan, which experienced substantial increases in imports. Russia also began exporting margarine to several Middle Eastern and African countries for the first time. EFKO Group, a major exporter, saw an 11% increase in margarine exports in 2022. This surge in margarine exports is part of a broader global trend, with the market expected to grow due to increasing consumption in Asian and African countries, as well as a shift towards vegetable fats in European countries and the USA.

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

Original content

According to preliminary data from the Federal Customs Service, in 2022* Russia exported 390 thousand tons of margarine**, which is 36% more than the same period in 2021. The value of Russian deliveries increased by 69%. The main buyers of margarine from Russia are traditionally the states of Central Asia. At the end of 2022, Uzbekistan retained its leadership among importers, increasing the import of Russian margarine by 65% (up to 104 thousand tons) in physical terms and by 87% in monetary terms. The second place, as in the previous year, is occupied by Kazakhstan, which increased the physical volume of purchases by 20% to 66 thousand tons, and the value - by 77%. Turkmenistan is in third place: margarine exports to this country increased by 45% over the year (up to 34 thousand tons), and revenue - by 72%. Also, the top 5 buyers included Afghanistan (32 thousand tons, 6.7 times more) and Tajikistan (31 thousand tons, + 13%). For the first time Russian margarine was sent to ...

Source: Oilworld