文档介绍：Russia’s Food Processing Equipment Market Summary The food-processing sector is one of the leading industries in Russia’s rapidly growing economy averaging 15-20 percent growth per year for the past several years. In 2003 total industry output was valued at billion. Increasing consumer demand for new and better products a population of 143 million as well as rising es has greatly enhanced the development of the food industry. Market Highlights and Best Prospects The food processing industry in Russia started to develop rapidly as a result of the 1998 ruble devaluation. This is due to the fact that imported products became unaffordable for the majority of Russians which necessitated domestic food producers increasing the production capacity of their factories. This in turn spurred demand for high quality food processing equipment. Local producers of food processing equipment were unable to meet the increased demand. Furthermore the quality of domestic equipment still does not meet modern high-tech criteria but prices tends to be petitive. Rapid growth of the Russian food industry has stimulated investments into the food sector. panies took advantage of the economic crisis and rapidly began to improve the quality of their products expand their production facilities and renovate production equipment. Growth of food consumption in Russia has further fueled investments