Russia Soya Beans Market Insights
Table of Contents
Russia soya beans export quantities
The volume of soya beans shipped by Russia in 2020 was 1,248,444 tonnes. In 2019 Russia sold 895,249 tonnes of soya beans. Across 2019 alone, the interest in Russia soya beans (cereals/grains category) has shrunk, changing by -7.509 percent compared to the year 2018. Between 2017 and 2019, soya beans' exports went up by 72.26% earning Russia US$278.19m for the year 2019. Russia's soya beans exports are classified as:
- Soya bean seed, for sowing (HS code 120110)
- Soya beans, whether or not broken (excluding seed for sowing) (HS code 120190)
- Soya beans, whether or not broken (HS code 120100)
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Russia soya beans export values
In 2019, Russia supplied soya beans worth 278.19m USD, a contraction of -4.96% from 2018's total soya beans export of 292.699m USD. The yearly reduction in value of Russia soya beans between 2017 to 2018 was 73.655%.
The yearly variation in the volume of Russia's soya beans exports between 2017 and 2019 was 72.26 percent in comparison to a variation of -7.509% in the period between 2018 and 2019.
Russia's stake of the world's total soya beans' exports in 2019 was less than 1%. The country holds position 34 in world exports of soya beans.
Export markets for Russia soya beans ( in '000$ )
Russia's best performing export markets for soya beans are China, the Netherlands, Poland, Norway and Denmark.
Import/Export Trends
Russia is a net importer of soya beans. The annual growth of Russia soya beans in value between 2015 to 2019 was 83%, per year, while annual growth in quantity was 63%, per annum.
Russia procured 2,028,519 tonnes of soya beans in 2019.
Production
The production of soya beans in Russia was 13,079,868 tonnes in 2019 and is predicted to change by an average of 8.27%. The country had an estimated 8,316,594.00 hectares under soya beans cultivation.
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Production of other produce in the Cereals/Grains category in Russia: Wheat, Rye, Barley, Oats, Maize, Rice, Sorghum, Buckwheet, Millet and Canary seed.
See the production of soya beans in other countries across Europe : Georgia soya beans, Albania soya beans, Belarus soya beans, Bosnia and Herzegovina soya beans, Bulgaria soya beans, Croatia soya beans, Czech Republic soya beans, Estonia soya beans, Greece soya beans and Hungary soya beans.