Supplies of Confectionery to Foreign Markets are Increasing

Supplies of Confectionery to Foreign Markets are Increasing

The Russian confectionery industry has become one of the undisputed leaders in exports. As follows from the material of with reference to the data of the branch industrial association, confectionery products occupy the fourth line in the list of the Russian agro-industrial complex exports.

For five months of this year, the export of confectionery reached almost 225 thousand tonnes worth more than USD 474 million. In absolute terms, the increase was almost 25 percent, and in monetary terms it was more than 18 percent. At the same time, the share of chocolate products in the total production volume of the confectionery industry is about 30 percent.

According to experts’ forecasts, Russian confectionery companies will export more than 264 thousand tonnes worth USD 558.3 million over the first six months. The growth rate of exports will slightly decrease to be slightly more than 20 percent compared to the same period last year in absolute terms and 15 percent in monetary terms.

According to the report, the export of confectionery from the Russian Federation updated the record both in physical and in monetary terms last year. The volume of supplies to foreign markets increased by 16.2 percent and exceeded 530 thousand tonnes for the amount of USD 1.143 billion with the growth of almost nine percent. As we have reported earlier, the regions are increasing the export of pork products.

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