Price for Flour, Meal, and Flakes of Potatoes in Belarus - 2022

Contents:

1. Price for Flour, Meal, and Flakes of Potatoes in Belarus (FOB) - 2022
2. Price for Flour, Meal, and Flakes of Potatoes in Belarus (CIF) - 2022
3. Exports of Flour, Meal, and Flakes of Potatoes in Belarus
4. Imports of Flour, Meal, and Flakes of Potatoes in Belarus

Price for Flour, Meal, and Flakes of Potatoes in Belarus (FOB) - 2022

In March 2022, the average export price for flour, meal, and flakes of potatoeses amounted to $1,631 per ton, declining by -12.3% against the previous month. In general, export price indicated pronounced growth from March 2021 to March 2022: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, export price for flour, meal, and flakes of potatoeses decreased by -12.3% against February 2022 indices. The pace of growth was the most pronounced in August 2021 when the average export price increased by 23% against the previous month. The export price peaked at $1,859 per ton in February 2022, and then reduced in the following month.

Average prices varied somewhat for the major overseas markets. In March 2022, the country with the highest price was Uzbekistan ($2,138 per ton), while the average price for exports to Russia ($1,489 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 (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Flour, Meal, and Flakes of Potatoes in Belarus (CIF) - 2022

In 2022, the average import price for flour, meal, and flakes of potatoeses amounted to $1,831 per ton, surging by 53% against the previous year. In general, import price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for flour, meal, and flakes of potatoeses increased by +85.1% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +5.9% per year.

Exports of Flour, Meal, and Flakes of Potatoes in Belarus

For the fourth consecutive year, Belarus recorded growth in overseas shipments of flour, meal, and flakes of potatoeses, which increased by 14% to 4.9K tons in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 86% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, exports of flour, meal, and flakes of potatoeses skyrocketed to $11M in 2022. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 118%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Top Export Markets for Flour, Meal, and Flakes of Potatoes from Belarus in 2022:

1. Russia (2688.9 tons)
2. United States (1166.1 tons)
3. Czech Republic (451.0 tons)
4. Romania (254.9 tons)
5. Israel (161.3 tons)
6. Lithuania (91.8 tons)
7. Armenia (74.3 tons)

Imports of Flour, Meal, and Flakes of Potatoes in Belarus

In 2022, the amount of flour, meal, and flakes of potatoeses imported into Belarus skyrocketed to 2.3K tons, with an increase of 19% compared with the previous year's figure. The total import volume increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of flour, meal, and flakes of potatoeses skyrocketed to $4.2M in 2022. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flour, Meal, and Flakes of Potatoes to Belarus in 2022:

1. Russia (2.3K tons)

Source: IndexBox Market Intelligence Platform