Belarus: Market for Cocoa Powder (Containing Added Sugar) 2024

Market Size for Cocoa Powder (Containing Added Sugar) in Belarus

In 2021, the Belarusian cocoa powder with sugar market decreased by -0.5% to $X, falling for the third year in a row after two years of growth. Over the period under review, consumption, however, showed a noticeable contraction. Cocoa powder with sugar consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Cocoa Powder (Containing Added Sugar) in Belarus

In value terms, cocoa powder with sugar production fell modestly to $X in 2021 estimated in export price. In general, production, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2017 with an increase of 32% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Cocoa Powder (Containing Added Sugar)

Exports from Belarus

For the third consecutive year, Belarus recorded growth in shipments abroad of cocoa powder (containing added sugar), which increased by 180% to X tons in 2021. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 926% 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.

In value terms, cocoa powder with sugar exports surged to $X in 2021. In general, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 638%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Russia (X tons) was the main destination for cocoa powder with sugar exports from Belarus, accounting for a 94% share of total exports. It was followed by Azerbaijan (X kg), with a 2.7% share of total exports. Kazakhstan (X kg) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to +55.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (0.0% per year) and Kazakhstan (+152.5% per year).

In value terms, Russia ($X) remains the key foreign market for cocoa powder (containing added sugar) exports from Belarus, comprising 88% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 6.1% share of total exports. It was followed by Kazakhstan, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (0.0% per year) and Kazakhstan (+180.2% per year).

Export Prices by Country

In 2021, the average cocoa powder with sugar export price amounted to $X per ton, dropping by -24.8% against the previous year. Overall, the export price recorded a deep reduction. The growth pace was the most rapid in 2018 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, 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 Ukraine ($X per ton), while the average price for exports to Russia ($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 Kazakhstan (+11.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cocoa Powder (Containing Added Sugar)

Imports into Belarus

In 2021, supplies from abroad of cocoa powder (containing added sugar) decreased by -11.2% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +12.0% 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 2013 when imports increased by 168% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then fell in the following year.

In value terms, cocoa powder with sugar imports dropped to $X in 2021. Over the period under review, imports, however, showed a tangible expansion. The growth pace was the most rapid in 2013 with an increase of 149% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Poland (X tons), Russia (X tons) and Sweden (X tons) were the main suppliers of cocoa powder with sugar imports to Belarus, together accounting for 95% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +199.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Sweden ($X) appeared to be the largest cocoa powder with sugar suppliers to Belarus, together accounting for 92% of total imports.

In terms of the main suppliers, Sweden, with a CAGR of +167.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cocoa powder with sugar import price amounted to $X per ton, therefore, remained relatively stable against the previous year. Overall, the import price showed a abrupt slump. The growth pace was the most rapid in 2017 an increase of 6.1%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Germany ($X per ton) and Poland ($X per ton), while the price for Russia ($X per ton) and Sweden ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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