CIS: Margarine And Shortening Market 2024

Margarine And Shortening Market Size in CIS

In 2022, the CIS margarine and shortening market increased by X% to $X, rising for the second consecutive year after three years of decline. In general, consumption saw a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Margarine And Shortening Production in CIS

In value terms, margarine and shortening production reduced to $X in 2022 estimated in export price. In general, production recorded a pronounced setback. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Margarine And Shortening Exports

Exports in CIS

For the sixth year in a row, the CIS recorded growth in overseas shipments of margarine and shortening, which increased by X% to X tons in 2022. In general, exports saw a strong expansion. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, margarine and shortening exports reduced to $X in 2022. Over the period under review, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Russia represented the major exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Kazakhstan (X tons), comprising a X% share of total exports. Uzbekistan (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to margarine and shortening exports from Russia stood at X%. At the same time, Uzbekistan (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. While the share of Kazakhstan (X p.p.) and Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest margarine and shortening supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price showed a perceptible shrinkage. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced a decline in the export price figures.

Margarine And Shortening Imports

Imports in CIS

In 2022, approx. X tons of margarine and shortening were imported in the CIS; jumping by X% against 2021. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, margarine and shortening imports soared to $X in 2022. Overall, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Uzbekistan was the key importer of margarine and shortening in the CIS, with the volume of imports accounting for X tons, which was near X% of total imports in 2022. Kazakhstan (X tons) ranks second in terms of the total imports with a X% share, followed by Tajikistan (X%), Russia (X%), Azerbaijan (X%), Belarus (X%) and Armenia (X%).

Uzbekistan was also the fastest-growing in terms of the margarine and shortening imports, with a CAGR of X% from 2012 to 2022. At the same time, Tajikistan (X%), Azerbaijan (X%), Kazakhstan (X%), Armenia (X%) and Belarus (X%) displayed positive paces of growth. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Uzbekistan and Tajikistan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest margarine and shortening importing markets in the CIS were Uzbekistan ($X), Kazakhstan ($X) and Russia ($X), with a combined X% share of total imports.

Among the main importing countries, Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is likely to continue growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Russia ($X per ton) and Armenia ($X per ton), while Tajikistan ($X per ton) and Uzbekistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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