Belarus: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Belarus

In 2021, after four years of growth, there was decline in the Belarusian preserved anchovies market, when its value decreased by -1.4% to $X. Over the period under review, consumption, however, recorded a notable increase. Over the period under review, the market reached the peak level at $X in 2020, and then shrank slightly in the following year.

Preserved Anchovies Production in Belarus

In value terms, preserved anchovies production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate notable growth. The pace of growth appeared the most rapid in 2018 with an increase of 68% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted slightly in the following year.

Preserved Anchovies Exports

Exports from Belarus

For the fourth year in a row, Belarus recorded decline in overseas shipments of anchovies (prepared or preserved), which decreased by -19.7% to X kg in 2021. In general, exports saw a dramatic slump. The most prominent rate of growth was recorded in 2017 when exports increased by 185%. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, preserved anchovies exports shrank remarkably to $X in 2021. Overall, exports faced a significant decline. The most prominent rate of growth was recorded in 2017 when exports increased by 358%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Ukraine (X kg) was the main destination for preserved anchovies exports from Belarus, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Ukraine stood at -23.9%.

In value terms, Ukraine ($X) also remains the key foreign market for anchovies (prepared or preserved) exports from Belarus.

From 2012 to 2021, the average annual growth rate of value to Ukraine amounted to -22.1%.

Export Prices by Country

In 2021, the average preserved anchovies export price amounted to $X per ton, remaining relatively unchanged against the previous year. In general, export price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average export price increased by 61% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then declined modestly in the following year.

As there is only one major export destination, the average price level is determined by prices for Ukraine.

From 2012 to 2021, the rate of growth in terms of prices for Ukraine amounted to +2.3% per year.

Preserved Anchovies Imports

Imports into Belarus

In 2021, imports of anchovies (prepared or preserved) into Belarus contracted to X tons, declining by -10.6% compared with the year before. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of 564%. Over the period under review, imports attained the peak figure at X tons in 2020, and then shrank in the following year.

In value terms, preserved anchovies imports expanded to $X in 2021. Over the period under review, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 531% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of preserved anchovies to Belarus, with a 80% share of total imports. Moreover, preserved anchovies imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from Russia amounted to +140.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+39.7% per year) and China (+16.8% per year).

In value terms, Russia ($X) constituted the largest supplier of anchovies (prepared or preserved) to Belarus, comprising 77% of total imports. The second position in the ranking was held by Vietnam ($X), with a 5% share of total imports. It was followed by Ukraine, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Russia stood at +93.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+31.6% per year) and Ukraine (+22.1% per year).

Import Prices by Country

The average preserved anchovies import price stood at $X per ton in 2021, picking up by 15% against the previous year. Over the period under review, the import price, however, saw a deep downturn. The pace of growth was the most pronounced in 2014 an increase of 20%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (-6.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :