Exports of Confectionaries Reach 1.3 Billion Dollars
Russian confectionary industry remains one of the growth drivers for exports of agricultural products, according to a message from the press centre of the Russian Ministry of Agriculture, following a meeting between Deputy Minister of Agriculture Oksana Lut and heads of companies–members of the Association of Confectionary Companies.
The Ministry of Agriculture informs that Russian confectionaries are exported to over 90 countries worldwide, and export volumes reached USD 1.3 billion last year. By 2024, this figure is expected to go up to USD 2.4 billion. According to Oksana Lut, the Ministry is prepared to continue supporting the confectionery industry as required, so that Russian manufacturers remain competitive in the international market.
Data from the Russian Federal State Statistics Service reports last year’s production volumes for confectionaries at 3.9 million tonnes. Production of chocolate and products made with cocoa (unpackaged) went 17.6% up, and 3.8% up for biscuits, gingerbreads and waffles.
The industry is focused on reequiping its production facilities and introducing innovative technologies, which has had a positive effect on the quality of products. The number of manufacturers is growing: last year Russia opened new large-scale production facilities in Vladimir and Tula regions, as well as in Moscow. It has been previously announced that exports of meat are growing rapidly thanks to new markets.
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