Belarus: Lentil Market 2024

Lentil Market Size in Belarus

The Belarusian lentil market fell slightly to $X in 2022, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a prominent increase. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Lentil Exports

Exports from Belarus

In 2022, after two years of growth, there was significant decline in shipments abroad of lentils, when their volume decreased by -40.7% to X tons. In general, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 464%. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, lentil exports fell rapidly to $X in 2022. Overall, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 1,075%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Slovenia (X tons), Russia (X kg) and Armenia (X kg) were the main destinations of lentil exports from Belarus, with a combined 63% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Armenia (with a CAGR of +30.6%), while the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X) emerged as the key foreign market for lentils exports from Belarus, comprising 41% of total exports. The second position in the ranking was held by Russia ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (-2.1% per year) and Armenia (+109.5% per year).

Export Prices by Country

The average lentil export price stood at $X per ton in 2022, waning by -8.5% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 1,360% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

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 Armenia ($X per ton), while the average price for exports to Russia ($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 Armenia (+60.4%), while the prices for the other major destinations experienced a decline.

Lentil Imports

Imports into Belarus

In 2022, supplies from abroad of lentils decreased by -5% to X tons, falling for the third consecutive year after three years of growth. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 81% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, lentil imports fell slightly to $X in 2022. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 74% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank modestly in the following year.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of lentil to Belarus, with a 79% share of total imports. Moreover, lentil imports from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at +14.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.7% per year) and Canada (-46.2% per year).

In value terms, Russia ($X) constituted the largest supplier of lentils to Belarus, comprising 71% of total imports. The second position in the ranking was taken by China ($X), with a 28% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +17.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.4% per year) and Canada (-40.3% per year).

Import Prices by Country

The average lentil import price stood at $X per ton in 2022, increasing by 4.8% against the previous year. Overall, import price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lentil import price increased by +120.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 50%. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 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 Canada ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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