Report Update: May 1, 2024

Belarus - Cereal Grain Products (Including Corn Flakes) - Market Analysis, Forecast, Size, Trends And Insights

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Price for Corn Flakes and Cereal Products in Belarus - 2022

Price for Corn Flakes and Cereal Products in Belarus (CIF) - 2022

In March 2022, the average import price for cereal grain products (including corn flakes) amounted to $732 per ton, reducing by -21.2% against the previous month. Over the period under review, the import price saw a mild decrease. The pace of growth appeared the most rapid in October 2021 an increase of 19% against the previous month. Over the period under review, average import prices hit record highs at $1,051 per ton in November 2021; however, from December 2021 to March 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In March 2022, the country with the highest price was Russia ($720 per ton), while the price for Turkey amounted to $658 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Turkey (+1.5%), while the prices for the other major suppliers experienced a decline.

Price for Corn Flakes and Cereal Products in Belarus (FOB) - 2022

The average export price for cereal grain products (including corn flakes) stood at $741 per ton in March 2022, growing by 4.5% against the previous month. In general, export price indicated measured growth from March 2021 to March 2022: its price increased at an average monthly rate of +3.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, corn flakes and cereal products export price decreased by -1.5% against January 2022 indices. The most prominent rate of growth was recorded in January 2022 an increase of 67% m-o-m. The export price peaked at $838 per ton in July 2021; however, from August 2021 to March 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In March 2022, the country with the highest price was Latvia ($1,220 per ton), while the average price for exports to Ukraine ($430 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+1.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Corn Flakes and Cereal Products in Belarus

In 2022, supplies from abroad of cereal grain products (including corn flakes) was finally on the rise to reach 40K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total imports indicated noticeable growth from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, corn flakes and cereal products imports surged to $37M in 2022. In general, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Corn Flakes and Cereal Products in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	19.9	18.2	20.9	33.5	19.0%
Ukraine	0.7	1.1	1.1	1.3	22.9%
Others	1.7	1.6	1.5	2.0	5.6%
Total	22.3	20.8	23.5	36.8	18.2%

Top Suppliers of Corn Flakes and Cereal Products to Belarus in 2022:

Russia (36.6K tons)
Ukraine (1.6K tons)

Exports of Corn Flakes and Cereal Products in Belarus

After three years of growth, overseas shipments of cereal grain products (including corn flakes) decreased by -51.8% to 8.5K tons in 2022. Overall, exports, however, showed a slight expansion. The growth pace was the most rapid in 2020 with an increase of 53% against the previous year.

In value terms, corn flakes and cereal products exports reduced notably to $7.6M in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 33%.

Export of Corn Flakes and Cereal Products in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Ukraine	2.7	3.8	5.1	3.6	10.1%
Russia	1.8	2.2	2.7	2.6	13.0%
Kazakhstan	0.4	0.4	0.4	0.5	7.7%
Moldova	0.2	0.3	0.2	0.3	14.5%
China	0.1	0.2	0.2	0.3	44.2%
Serbia	0.1	0.1	N/A	N/A	0.0%
Others	0.4	0.5	0.4	0.4	0.0%
Total	5.7	7.5	9.1	7.6	10.1%

Top Export Markets for Corn Flakes and Cereal Products from Belarus in 2022:

Ukraine (6.2K tons)
Russia (1.7K tons)
Kazakhstan (0.2K tons)
Serbia (0.1K tons)
Moldova (0.1K tons)
China (0.1K tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for corn flakes and cereal products in Belarus. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 10613333 - Rolled, flaked, hulled, pearled, sliced or kibbled cereal grains (excluding rice)
Prodcom 10613335 - Germ of cereals, whole, rolled, flaked or ground (excluding rice)
Prodcom 10613351 - Muesli type preparations based on unroasted cereal flakes
Prodcom 10613353 - Other prepared foods obtained by the swelling or roasting of cereals
Prodcom 10613355 - Cereals in grain form, precooked or otherwise prepared (excluding maize)

Country coverage:

Belarus

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belarus
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023