Price for Flours and Meals; of Soya Beans in Belarus - 2022

Contents:

1. Price for Flours and Meals; of Soya Beans in Belarus (CIF) - 2022
2. Price for Flours and Meals; of Soya Beans in Belarus (FOB) - 2022
3. Imports of Flours and Meals; of Soya Beans in Belarus
4. Exports of Flours and Meals; of Soya Beans in Belarus

Price for Flours and Meals; of Soya Beans in Belarus (CIF) - 2022

The average import price for flours and meals; of soya beanses stood at $500 per ton in March 2022, reducing by -29.6% against the previous month. Over the period under review, the import price saw a slight reduction. The pace of growth was the most pronounced in July 2021 when the average import price increased by 18% month-to-month. Over the period under review, average import prices reached the peak figure at $764 per ton in October 2021; however, from November 2021 to March 2022, import prices stood at a somewhat lower figure.

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

From March 2021 to March 2022, the rate of growth in terms of prices for Russia amounted to -1.8% per month.

Price for Flours and Meals; of Soya Beans in Belarus (FOB) - 2022

The average export price for flours and meals; of soya beanses stood at $733 per ton in 2022, approximately equating the previous year. Over the period under review, the export price showed a perceptible shrinkage. The growth pace was the most rapid in 2016 when the average export price increased by 46%. The export price peaked at $955 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($840 per ton), while the average price for exports to Germany amounted to $732 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-1.4%).

Imports of Flours and Meals; of Soya Beans in Belarus

In 2022, approx. 1.6K tons of flours and meals; of soya beanses were imported into Belarus; which is down by -44.1% compared with the previous year's figure. Overall, imports faced a sharp shrinkage. The smallest decline of -0.7% was in 2020.

In value terms, imports of flours and meals; of soya beanses dropped sharply to $1.1M in 2022. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. As a result, imports reached the peak of $1.9M, and then fell markedly in the following year.

Top Suppliers of Flours and Meals; of Soya Beans to Belarus in 2022:

1. Russia (1578.0 tons)

Exports of Flours and Meals; of Soya Beans in Belarus

For the third year in a row, Belarus recorded decline in overseas shipments of flours and meals; of soya beanses, which decreased by 0% to 2.6 tons in 2022. Over the period under review, exports recorded a sharp contraction. The smallest decline of -90.6% was in 2020.

In value terms, exports of flours and meals; of soya beanses stood at $1.9K in 2022. Overall, exports saw a dramatic contraction. The smallest decline of -90.8% was in 2020.

Top Export Markets for Flours and Meals; of Soya Beans from Belarus in 2022:

1. Germany (2.6 tons)

Source: IndexBox Market Intelligence Platform