Belarus: Market for Fish Fats And Oils 2025

Market Size for Fish Fats And Oils in Belarus

The Belarusian fish fat and oil market reached $X in 2022, surging by 5.6% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Fish fat and oil consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Fish Fats And Oils in Belarus

In value terms, fish fat and oil production expanded to $X in 2022 estimated in export price. In general, production, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Fish Fats And Oils

Exports from Belarus

In 2022, overseas shipments of fish fats and oils increased by 13% to X tons, rising for the fourth consecutive year after two years of decline. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 388%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, fish fat and oil exports reached $X in 2022. In general, exports showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 173% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Norway (X tons) was the main destination for fish fat and oil exports from Belarus, with a 80% share of total exports. Moreover, fish fat and oil exports to Norway exceeded the volume sent to the second major destination, Kyrgyzstan (X tons), more than tenfold. The third position in this ranking was held by Kazakhstan (X tons), with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kyrgyzstan (+110.2% per year) and Kazakhstan (-43.3% per year).

In value terms, Norway ($X) emerged as the key foreign market for fish fats and oils exports from Belarus, comprising 75% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 13% share of total exports. It was followed by Poland, with a 4% share.

From 2012 to 2022, the average annual growth rate of value to Norway was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-15.5% per year) and Poland (-1.4% per year).

Export Prices by Country

In 2022, the average fish fat and oil export price amounted to $X per ton, declining by -10.6% against the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 38%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Kyrgyzstan ($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 Kazakhstan (+49.1%), while the prices for the other major destinations experienced a decline.

Imports of Fish Fats And Oils

Imports into Belarus

In 2022, the amount of fish fats and oils imported into Belarus soared to X tons, growing by 157% compared with 2021. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, fish fat and oil imports skyrocketed to $X in 2022. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 120% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Iceland (X tons) constituted the largest fish fat and oil supplier to Belarus, with a 36% share of total imports. Moreover, fish fat and oil imports from Iceland exceeded the figures recorded by the second-largest supplier, Russia (X tons), tenfold. Germany (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Iceland totaled +21.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+5.0% per year) and Germany (+47.5% per year).

In value terms, Iceland ($X) constituted the largest supplier of fish fats and oils to Belarus, comprising 23% of total imports. The second position in the ranking was held by Japan ($X), with an 11% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Iceland amounted to +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+29.5% per year) and Germany (+40.7% per year).

Import Prices by Country

The average fish fat and oil import price stood at $X per ton in 2022, reducing by -51% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 79% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 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 the UK ($X per ton), while the price for Iceland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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