Belarus: Groundnuts Market 2025

Groundnuts Market Size in Belarus

In 2022, the Belarusian groundnuts market decreased by -67.6% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption continues to indicate a drastic downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Groundnuts Exports

Exports from Belarus

In 2022, overseas shipments of ground-nut (in-shell) decreased by -9.1% to X kg, falling for the sixth consecutive year after two years of growth. Over the period under review, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2013 with an increase of 188% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, groundnuts exports shrank rapidly to $X in 2022. In general, exports faced a significant contraction. The pace of growth was the most pronounced in 2013 when exports increased by 112%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to -29.9%.

In value terms, Russia ($X) also remains the key foreign market for ground-nut (in-shell) exports from Belarus.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled -31.7%.

Export Prices by Country

The average groundnuts export price stood at $X per ton in 2022, which is down by -12% against the previous year. Over the period under review, the export price showed a pronounced decrease. The most prominent rate of growth was recorded in 2021 when the average export price increased by 38% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -2.6% per year.

Groundnuts Imports

Imports into Belarus

In 2022, purchases abroad of ground-nut (in-shell) decreased by -63.7% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2014 with an increase of 110%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, groundnuts imports shrank remarkably to $X in 2022. Overall, imports faced a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of 92%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of groundnuts to Belarus, with a 49% share of total imports. Moreover, groundnuts imports from India exceeded the figures recorded by the second-largest supplier, Uzbekistan (X tons), twofold. Argentina (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (-0.2% per year) and Argentina (-33.6% per year).

In value terms, the largest groundnuts suppliers to Belarus were India ($X), Uzbekistan ($X) and Argentina ($X), with a combined 85% share of total imports. Tajikistan, China and Lithuania lagged somewhat behind, together accounting for a further 14%.

Tajikistan, with a CAGR of +37.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average groundnuts import price amounted to $X per ton, shrinking by -14.8% against the previous year. In general, the import price saw a slight reduction. The most prominent rate of growth was recorded in 2020 an increase of 15%. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Lithuania ($X per ton) and Uzbekistan ($X per ton), while the price for Argentina ($X per ton) and Tajikistan ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+8.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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