Russia may increase pasta exports to China by more than 30 times by 2025

Published Dec 13, 2023

Tridge summary

Pasta exports from Russia are projected to grow significantly, with potential increases in both physical volume and monetary value. China, Saudi Arabia, South Korea, Tajikistan, and Azerbaijan are named as promising markets for Russian pasta exports. The Russian government has introduced a ban on the export of durum wheat to prevent a shortage for Russian producers of flour and pasta due to projected global harvest declines.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In monetary terms, they could grow by more than $14 million. Supplies of Russian pasta products to China may increase by 10.5 thousand tons by 2025, while for the entire 2022 only 300 tons of pasta were supplied to this country. This is stated in the review of the Agroexport federal center of the Ministry of Agriculture of the Russian Federation. As analysts note, supplies of pasta from Russia abroad in 2022 in value terms reached $148 million, an increase compared to 2021 levels of more than 30%. “It is worth noting that during the same period, exports in physical volume decreased slightly. This tells us that exports of products in a more expensive price segment are growing,” the review emphasizes. Among the promising markets for the supply of Russian pasta, analysts name China, Saudi Arabia, South Korea, Tajikistan, Azerbaijan and other countries. In particular, by 2025, supplies of pasta to China may increase by 10.5 thousand tons (in 2022, 300 tons of pasta were supplied to ...
Source: Zol

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