Updated Nov 6, 2022 23:30

Market for Citrus Fruit Or Melons Peel in Russia

Market Overview
In , after two years of growth, there was decline in the Russian market for peel of citrus fruit or melons, when its value decreased by -% to $. In general, the total consumption indicated a temperate increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2018 indices. Over the period under review, the market attained the peak level at $ in 2013; however, from 2014 to , consumption failed to regain momentum.

In value terms, citrus fruit or melons peel production declined to $ in estimated in export price. Overall, the total production indicated notable growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2018 indices. The growth pace was the most rapid in 2010 when the production volume increased by %. Citrus fruit or melons peel production peaked at $ in 2013; however, from 2014 to , production remained at a lower figure.


Consumption
In , approx. tons of peel of citrus fruit or melons were consumed in Russia; leveling off at the year before. The total consumption volume increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, consumption reached the maximum volume at tons in 2013; however, from 2014 to , consumption failed to regain momentum.

The value of the market for peel of citrus fruit or melons in Russia stood at $ in , remaining constant against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Citrus fruit or melons peel consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain momentum.


Market Forecast
Driven by increasing demand for citrus fruit or melons peel in Russia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Over the period under review, imports of citrus fruit or melons peel in Russia were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for citrus fruit or melons peel. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Russia remains a net importer of citrus fruit or melons peel; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $.