Milled Rice Price in Belarus - 2022
Contents:
- Milled Rice Price in Belarus (CIF) - 2022
- Milled Rice Price in Belarus (FOB) - 2022
- Milled Rice Imports in Belarus
- Milled Rice Exports in Belarus
Milled Rice Price in Belarus (CIF) - 2022
In March 2022, the average milled rice import price amounted to $655 per ton, falling by -4.2% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in September 2021 when the average import price increased by 8.8% against the previous month. Over the period under review, average import prices reached the peak figure at $685 per ton in December 2021; however, from January 2022 to March 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Vietnam ($980 per ton), while the price for Russia ($547 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Milled Rice Price in Belarus (FOB) - 2022
In 2022, the average milled rice export price amounted to $779 per ton, which is down by -11.2% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 31%. As a result, the export price reached the peak level of $944 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Russia.
From 2012 to 2022, the rate of growth in terms of prices for Armenia amounted to +1.9% per year.
Milled Rice Imports in Belarus
In 2022, milled rice imports into Belarus soared to 41K tons, rising by 58% against the previous year's figure. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +17.7% 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 +63.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, milled rice imports soared to $29M in 2022. Overall, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Milled Rice in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 3.5 | 4.1 | 7.6 | 12.3 | 52.0% |
| India | 1.2 | 3.0 | 3.9 | 6.3 | 73.8% |
| Pakistan | 3.6 | 4.5 | 1.9 | 5.1 | 12.3% |
| Vietnam | 3.4 | 1.5 | 0.7 | 2.9 | -5.2% |
| China | 0.9 | 0.8 | 0.5 | 1.2 | 10.1% |
| Thailand | 0.1 | 0.1 | 0.7 | 1.1 | 122.4% |
| Others | 0.5 | 0.6 | 0.8 | 0.6 | 6.3% |
| Total | 13.2 | 14.6 | 16.2 | 29.4 | 30.6% |
Top Suppliers of Milled Rice to Belarus in 2022:
- Russia (15.6K tons)
- India (8.8K tons)
- Pakistan (7.4K tons)
- Vietnam (4.5K tons)
- China (2.1K tons)
- Thailand (1.8K tons)
Milled Rice Exports in Belarus
In 2022, approx. 195 tons of semi-milled or wholly milled (bleached) rice were exported from Belarus; growing by 59% against the previous year's figure. Overall, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of 114% against the previous year. As a result, the exports attained the peak of 268 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, milled rice exports soared to $152K in 2022. In general, exports recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 115% against the previous year. As a result, the exports reached the peak of $196K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Milled Rice in Belarus (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 91.5 | 196 | 93.3 | 152 | 18.4% |
| Lithuania | N/A | N/A | 14.0 | N/A | 0% |
| Others | N/A | 0.5 | 0.7 | N/A | 40.0% |
| Total | 91.5 | 196 | 108 | 152 | 18.4% |
Top Export Markets for Milled Rice from Belarus in 2022:
- Russia (195.3 tons)
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