Agroexport reported a 36% increase in exports of Russian margarine

Margarine

Vegetable Fats

Russia

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Published Jan 17, 2023

Tridge summary

In 2022, Russian margarine exports saw a significant increase of 36%, reaching 390 thousand tons, with the main importers being Central Asian countries, led by Uzbekistan, Kazakhstan, and Turkmenistan. Other countries like Afghanistan and Tajikistan also increased their imports. EFKO Group, a major supplier, also experienced an 11% rise in margarine exports. Global margarine imports exceeded $7.1 billion in 2021, with China, France, and Germany as the leading buyers. Russia ranked 7th in worldwide margarine exports in 2021. The consumption of margarine has been on a steady rise, especially in Asian and African countries, due to the growing population and the preference for bakery and confectionery products. Rusagro Maslo also entered the spreads market in 2022, with plans to double its export volumes in the next seven years by expanding into the UAE and North African markets.

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

Original content

The export of Russian margarine in 2022 compared to 2021 increased by 36%, to 390 thousand tons, the main buyers are traditionally the states of Central Asia, follows from the materials of the Federal Center for the Development of Exports of Agro-Industrial Products (FGBU "Agroexport") under the Ministry of Agriculture. 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 ...

Source: Milknews