Sales of confectioners abroad jumped by almost 20% in Russia

Published 2021년 9월 6일

Tridge summary

Russia's sweet export business has seen a significant recovery, reaching pre-pandemic levels with an 16-20% increase in both weight and value. The total export weight reached 329.6 thousand tons, generating $709.5 million in revenue. The majority of these exports were chocolate products, which experienced the highest growth rate among all confectionery. This surge is primarily due to the recovery in global demand after pandemic restrictions were lifted. Russia exports to 94 countries, with Kazakhstan being the largest buyer, and is on a path to become China's largest supplier of chocolate and chocolate confectionery by the end of 2022, thanks to a state program aimed at promoting Russian confectionery products in the Chinese market. Despite the strong performance in confectionery exports, the industry remains part of a larger export picture that includes agricultural raw materials and food and processing industry products, with China, the EU, and Turkey being the top importers.

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

Original content

The export of sweets from Russia has returned to the pre-pandemic level. It increased by almost 16–20% in physical terms and in money to 329.6 thousand tons and $ 709.5 million. Izvestia was told about this by the Association of Confectionery Enterprises "Askond". The overwhelming volume of sales falls on chocolate products. This growth is associated with the recovery in demand abroad after the lifting of restrictions related to the pandemic, the Ministry of Agriculture noted. In the first half of 2021, the export of confectionery products from Russia increased in volume and value terms. The volume of supplies increased by 16.5% compared to the same period last year and amounted to 329.6 thousand tons. The amount of sales - $ 709.5 million, which is + 19.3%. The volume of sweets exports exceeded the level of the same period and the pre-pandemic year of 2019. Vyacheslav Lashmankin, Executive Director of the Association of Confectionery Enterprises "Askond", told Izvestia about ...

Source: Milknews