Russian flour exports to China could grow to 250 thousand tons by 2030

Published 2024년 8월 23일

Tridge summary

Russia is poised to significantly increase its wheat flour exports to China, with potential shipments reaching 200-250 thousand tons valued at $80-100 million by 2030. This represents a substantial increase from the 31 thousand tons exported in 2022, which placed Russia as the leading supplier of wheat flour to China in the same year. In 2023, Russia's wheat flour exports to China surged over 4.5 times, amounting to 143 thousand tons, or 65.7% of China's total wheat flour imports, and were valued at $56.5 million. The quality of Russian wheat flour has caught the attention of the Chinese market, particularly among consumers looking for general-purpose, baking, and noodle flours.

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

Original content

The potential for wheat flour exports from Russia to China by 2030 is estimated at 200-250 thousand tons worth $80-100 million. This is reported in a review prepared by the Agroexport Center under the Ministry of Agriculture of the Russian Federation. According to the data, in 2022, Russia took first place among suppliers of this product to China, having sent 31 thousand tons. In 2023, supplies increased more than 4.5 times and reached 143 thousand tons (65.7% of the total volume of wheat flour imports to China). According to the General Administration of Customs of China, in 2023, the value of flour imported from Russia amounted to $56.5 million. As Agroexport notes, demand for specialized types of ...

Source: Agrosektor