Exports of instant coffee from the Russian Federation in 2020 may grow by more than 60%

Published 2020년 12월 25일

Tridge summary

In 2020, instant coffee exports from Russia are projected to grow by over 60%, reaching 35 thousand tons, as per the Russian Export Center. This growth is attributed to the COVID-19 pandemic and the devaluation of the ruble, with the majority of exports being made by global companies that have localized production in Russia. The main importers of Russian instant coffee are Belarus, Kazakhstan, and Uzbekistan. However, potential barriers to further growth include new taxes, control mechanisms, and bureaucratic barriers that could increase the price of the final product and reduce its competitiveness.

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

Original content

Exports of instant coffee from the Russian Federation in 2020 may grow by more than 60%, up to 35 thousand tons. This forecast is provided by the Russian Export Center (REC) based on customs data. At the end of ten months, the volume of coffee exports reached 26.5 thousand tons worth $ 130 million.For the whole of 2019, supplies were at the level of 21.2 thousand tons. In autumn, exports reached the level of 4 thousand tons per month, they say in the REC. The volume of coffee supplies from Russia to foreign markets may reach 35 thousand tons this year, confirms the executive director of Rusprodsoyuz Dmitry Vostrikov. As a result, Russia moved up from eighth to sixth place in terms of coffee exports after Vietnam, Brazil, Germany, Spain and India. The growth in coffee exports from the Russian Federation was facilitated by the COVID-19 pandemic, against which factories in other countries could face difficulties, as well as the devaluation of the ruble, which made deliveries from ...

Source: Food Retail Russia