Belarus: Biological Product Market 2024

Biological Product Market Size in Belarus

The Belarusian biological product market reduced dramatically to less than $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Biological product consumption peaked at $X in 2021, and then shrank rapidly in the following year.

Biological Product Production in Belarus

In value terms, biological product production fell sharply to $X in 2022 estimated in export price. In general, production faced a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Biological Product Exports

Exports from Belarus

In 2021, overseas shipments of biological products decreased by X% to X tons, falling for the third year in a row after two years of growth. Overall, exports, however, saw pronounced growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, biological product exports skyrocketed to $X in 2021. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for biological product exports from Belarus, with a X% share of total exports. Moreover, biological product exports to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), sevenfold. Kazakhstan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kazakhstan (X% per year).

In value terms, Russia ($X) remains the key foreign market for biological products exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The average biological product export price stood at $X per ton in 2021, rising by X% against the previous year. In general, the export price recorded a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Biological Product Imports

Imports into Belarus

Biological product imports into Belarus fell notably to X tons in 2021, waning by X% on the previous year's figure. Over the period under review, imports, however, posted prominent growth. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of X tons, and then contracted notably in the following year.

In value terms, biological product imports shrank to $X in 2021. In general, imports, however, enjoyed buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by X%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

Russia (X tons), France (X tons) and the United States (X tons) were the main suppliers of biological product imports to Belarus, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of biological products to Belarus, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and the United States (X% per year).

Import Prices by Country

The average biological product import price stood at $X per ton in 2021, with an increase of X% against the previous year. In general, the import price, however, recorded a mild contraction. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 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, amid the top importers, the country with the highest price was Austria ($X,283 per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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