Updated Oct 9, 2022 16:05

Roasted Coffee Substitutes Market in Russia

Market Overview
In , the Russian roasted coffee substitutes market was finally on the rise to reach $ after two years of decline. In general, consumption, however, saw a slight decrease. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market remained at a somewhat lower figure.

In value terms, roasted coffee substitutes production totaled $ in estimated in export price. Overall, production, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2008 when the production volume increased by % against the previous year. As a result, production reached the peak level of $. From 2009 to , production growth failed to regain momentum.


Consumption
In , consumption of roasted chicory and other roasted coffee substitutes decreased by -% to tons for the first time since 2016, thus ending a five-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. Roasted coffee substitutes consumption peaked at tons in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.

The size of the roasted coffee substitutes market in Russia dropped modestly to $ in , waning by -% 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). Overall, consumption recorded a mild downturn. As a result, consumption reached the peak level of $. From 2009 to , the growth of the market failed to regain momentum.


Market Forecast
The roasted coffee substitutes market is expected to start a downward consumption trend over the next eight years. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to tons by the end of .

In value terms, the market is forecast to contract 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
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 roasted coffee substitutes; 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 $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.