Belarus: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Belarus

The Belarusian market for caviar (salmon) and caviar substitutes surged to $X in 2021, rising by 190% against the previous year. Overall, consumption posted a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Caviar (Salmon) And Caviar Substitutes in Belarus

In value terms, caviar (salmon) and caviar substitutes production rose slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 29% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Belarus

In 2021, after two years of decline, there was growth in overseas shipments of caviar (salmon) and caviar substitutes, when their volume increased by 1.5% to X tons. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when exports increased by 19% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, caviar (salmon) and caviar substitutes exports soared to $X in 2021. The total export value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for caviar (salmon) and caviar substitutes exports from Belarus, with a 84% share of total exports. Moreover, caviar (salmon) and caviar substitutes exports to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia stood at +3.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-8.1% per year) and Lithuania (+27.7% per year).

In value terms, Russia ($X) remains the key foreign market for caviar (salmon) and caviar substitutes exports from Belarus, comprising 83% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 7.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia stood at +3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (-3.5% per year) and Lithuania (+28.0% per year).

Export Prices by Country

In 2021, the average export price for caviar (salmon) and caviar substitutes amounted to $X per ton, with an increase of 19% against the previous year. In general, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Lithuania ($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 Ukraine (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Belarus

In 2021, overseas purchases of caviar (salmon) and caviar substitutes were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a perceptible reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 73%. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, caviar (salmon) and caviar substitutes imports skyrocketed to $X in 2021. In general, imports showed perceptible growth. The pace of growth was the most pronounced in 2017 with an increase of 90% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) was the main caviar (salmon) and caviar substitutes supplier to Belarus, with a 96% share of total imports. It was followed by Poland (X tons), with a 1.6% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled -4.8%.

In value terms, Russia ($X) constituted the largest supplier of caviar (salmon) and caviar substitutes to Belarus, comprising 97% of total imports. The second position in the ranking was held by Poland ($X), with a 0.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +2.0%.

Import Prices by Country

The average import price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, jumping by 20% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 an increase of 70%. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a 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 Poland stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+7.1%).

Source: IndexBox Platform

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