Non-Liquid Margarine Price in Belarus - 2022
Contents:
- Non-Liquid Margarine Price in Belarus (CIF) - 2022
- Non-Liquid Margarine Price in Belarus (FOB) - 2022
- Non-Liquid Margarine Imports in Belarus
- Non-Liquid Margarine Exports in Belarus
Non-Liquid Margarine Price in Belarus (CIF) - 2022
In March 2022, the average non-liquid margarine import price amounted to $1,506 per ton, growing by 15% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +2.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat amongst the major supplying countries. In March 2022, the country with the highest price was Lithuania ($1,908 per ton), while the price for Russia totaled $1,482 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.9%).
Non-Liquid Margarine Price in Belarus (FOB) - 2022
In 2022, the average non-liquid margarine export price amounted to $1,775 per ton, surging by 3.5% against the previous year. Over the period under review, the export price showed a measured expansion. The growth pace was the most rapid in 2020 an increase of 27%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Azerbaijan ($2,058 per ton), while the average price for exports to Singapore ($1,603 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Liquid Margarine Imports in Belarus
In 2022, the amount of non-liquid margarine imported into Belarus declined to 6.3K tons, with a decrease of -10.5% compared with the previous year. Over the period under review, imports recorded a drastic downturn. The smallest decline of -10.5% was in 2020.
In value terms, non-liquid margarine imports surged to $10M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Non-Liquid Margarine in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 6.1 | 5.5 | 7.5 | 9.3 | 15.1% |
| Lithuania | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Others | 0.5 | 0.4 | 0.4 | 0.6 | 6.3% |
| Total | 6.8 | 6.2 | 8.3 | 10.4 | 15.2% |
Top Suppliers of Non-Liquid Margarine to Belarus in 2022:
- Russia (5.9K tons)
- Lithuania (0.2K tons)
Non-Liquid Margarine Exports in Belarus
Non-liquid margarine exports from Belarus surged to 142 tons in 2022, rising by 126% on the previous year. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, non-liquid margarine exports soared to $251K in 2022. Over the period under review, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Non-Liquid Margarine in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 36.8 | 23.8 | 52.4 | 127 | 51.1% |
| Russia | 38.9 | 44.2 | 50.3 | 122 | 46.4% |
| Serbia | 17.2 | N/A | N/A | N/A | 0% |
| Others | 2.2 | 4.5 | 4.7 | 3.1 | 12.1% |
| Total | 95.1 | 72.5 | 107 | 251 | 38.2% |
Top Export Markets for Non-Liquid Margarine from Belarus in 2022:
- Singapore (79.0 tons)
- Russia (61.1 tons)
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