Belarus: Market for Malt Extract And Food Preparations Of Flour, Meal, And Starch 2024

Market Size for Malt Extract And Food Preparations Of Flour, Meal, And Starch in Belarus

In 2022, after four years of growth, there was decline in the Belarusian market for malt extract and food preparations of flour, meal, and starches, when its value decreased by -0.6% to $X. Over the period under review, consumption, however, saw a prominent increase. As a result, consumption attained the peak level of $X, leveling off in the following year.

Production of Malt Extract And Food Preparations Of Flour, Meal, And Starch in Belarus

In value terms, production of malt extract and food preparations of flour, meal, and starches shrank to $X in 2022 estimated in export price. In general, production, however, enjoyed slight growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 62%. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Exports from Belarus

In 2022, the amount of malt extract and food preparations of flour, meal, and starches exported from Belarus dropped significantly to X tons, with a decrease of -19.5% on the previous year's figure. Overall, exports, however, showed a moderate expansion. The growth pace was the most rapid in 2015 when exports increased by 423% against the previous year. Over the period under review, the exports of reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, exports of malt extract and food preparations of flour, meal, and starches reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a perceptible increase. The most prominent rate of growth was recorded in 2015 when exports increased by 226% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X tons) was the main destination for exports of malt extract and food preparations of flour, meal, and starches from Belarus, accounting for a 86% share of total exports. Moreover, exports of malt extract and food preparations of flour, meal, and starches to Russia exceeded the volume sent to the second major destination, Ukraine (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+17.9% per year) and Kazakhstan (+66.0% per year).

In value terms, Russia ($X) remains the key foreign market for malt extract and food preparations of flour, meal, and starches exports from Belarus, comprising 87% of total exports. The second position in the ranking was taken by Ukraine ($X), with a 5.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia totaled +2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+26.4% per year) and Kazakhstan (+71.6% per year).

Export Prices by Country

The average export price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, rising by 15% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 72% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Kazakhstan ($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 Ukraine (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Malt Extract And Food Preparations Of Flour, Meal, And Starch

Imports into Belarus

In 2022, supplies from abroad of malt extract and food preparations of flour, meal, and starches increased by 11% to X tons, rising for the second year in a row after three years of decline. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,041% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of malt extract and food preparations of flour, meal, and starches reached $X in 2022. Over the period under review, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2015 with an increase of 746% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of malt extract and food preparations of flour, meal, and starch to Belarus, with a 75% share of total imports. Moreover, imports of malt extract and food preparations of flour, meal, and starches from Russia exceeded the figures recorded by the second-largest supplier, Serbia (X tons), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled +23.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+108.7% per year) and the Netherlands (+21.9% per year).

In value terms, Russia ($X) constituted the largest supplier of malt extract and food preparations of flour, meal, and starches to Belarus, comprising 64% of total imports. The second position in the ranking was taken by Serbia ($X), with an 18% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +14.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Serbia (+85.0% per year) and the Netherlands (+17.2% per year).

Import Prices by Country

The average import price for malt extract and food preparations of flour, meal, and starches stood at $X per ton in 2022, approximately reflecting the previous year. Overall, the import price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 11% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+26.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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