
Belarus - Palm Kernels - Market Analysis, Forecast, Size, Trends and Insights
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Belarus: Palm Kernel Market 2022
Palm Kernel Market Size in Belarus
In 2021, after two years of growth, there was significant decline in the Belarusian palm kernel market, when its value decreased by -X% to $X. In general, consumption saw a deep slump. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.
Palm Kernel Exports
Exports from Belarus
In 2021, overseas shipments of palm kernels decreased by -X% to X kg, falling for the fifth consecutive year after three years of growth. Overall, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.
In value terms, palm kernel exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.
Exports by Country
Ukraine (X kg) was the main destination for palm kernel exports from Belarus, with a X% share of total exports. Moreover, palm kernel exports to Ukraine exceeded the volume sent to the second major destination, Russia (X kg), ninefold.
From 2012 to 2021, the average annual rate of growth in terms of volume to Ukraine was relatively modest.
In value terms, the largest markets for palm kernel exported from Belarus were Ukraine ($X) and Russia ($X, with a CAGR of +X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.
Export Prices by Country
The average palm kernel export price stood at $X per ton in 2021, with an increase of X% against the previous year. Overall, the export price posted a significant increase. The growth pace was the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.
Prices varied noticeably by the country of destination: the country with the highest price was Russia ($X per ton), while the average price for exports to Ukraine amounted to $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+X%).
Palm Kernel Imports
Imports into Belarus
Palm kernel imports into Belarus contracted significantly to X tons in 2021, which is down by -X% compared with 2020. Overall, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports failed to regain momentum.
In value terms, palm kernel imports contracted to $X in 2021. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, Denmark (X tons) constituted the largest supplier of palm kernel to Belarus, accounting for a X% share of total imports. Moreover, palm kernel imports from Denmark exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold.
From 2012 to 2021, the average annual growth rate of volume from Denmark totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Poland (-X% per year).
In value terms, Denmark ($X) constituted the largest supplier of palm kernel to Belarus, comprising X% of total imports. The second position in the ranking was held by Russia ($X), with a X% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of value from Denmark amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (-X% per year) and Poland (-X% per year).
Import Prices by Country
The average palm kernel import price stood at $X per ton in 2021, picking up by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Russia ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+X%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the palm kernel market 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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