Belarus: Preserved Sardines Market 2024

Preserved Sardines Market Size in Belarus

The Belarusian preserved sardines market skyrocketed to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, saw a slight reduction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Preserved Sardines Production in Belarus

In value terms, preserved sardines production soared to $X in 2022 estimated in export price. Over the period under review, production, however, faced a sharp curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Preserved sardines production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Preserved Sardines Exports

Exports from Belarus

In 2022, shipments abroad of sardines (prepared or preserved) decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. In general, exports faced a abrupt contraction. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of X tons. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, preserved sardines exports contracted remarkably to $X in 2022. Overall, exports recorded a precipitous decrease. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X tons) was the main destination for preserved sardines exports from Belarus, with a X% share of total exports. Moreover, preserved sardines exports to Kazakhstan exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), threefold. The third position in this ranking was held by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (X% per year) and Russia (X% per year).

In value terms, Kazakhstan ($X) remains the key foreign market for sardines (prepared or preserved) exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Russia ($X), with a X% share of total exports. It was followed by Kyrgyzstan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kazakhstan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2022, the average preserved sardines export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 an increase of X%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Kyrgyzstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kyrgyzstan (X%), while the prices for the other major destinations experienced a decline.

Preserved Sardines Imports

Imports into Belarus

In 2022, after three years of decline, there was significant growth in supplies from abroad of sardines (prepared or preserved), when their volume increased by X% to X tons. Overall, total imports indicated a notable increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. 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, preserved sardines imports surged to $X in 2022. In general, total imports indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons) was the main preserved sardines supplier to Belarus, with a X% share of total imports. Moreover, preserved sardines imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (X% per year) and Latvia (X% per year).

In value terms, Russia ($X) constituted the largest supplier of sardines (prepared or preserved) to Belarus, comprising X% of total imports. The second position in the ranking was held by Latvia ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Latvia (X% per year) and Ukraine (X% per year).

Import Prices by Country

The average preserved sardines import price stood at $X per ton in 2022, almost unchanged from the previous year. Overall, the import price recorded a mild shrinkage. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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