Belarus: Peanut Butter Market 2025

Peanut Butter Market Size in Belarus

The Belarusian peanut butter market skyrocketed to $X in 2022, with an increase of 27% against the previous year. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +65.0% against 2019 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Peanut Butter Production in Belarus

In value terms, peanut butter production soared to $X in 2022 estimated in export price. Overall, production, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2015 with an increase of 110% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Peanut Butter Exports

Exports from Belarus

In 2022, the amount of peanut butter and prepared or preserved groundnuts exported from Belarus dropped sharply to X tons, declining by -71.2% against the year before. In general, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 361% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, peanut butter exports reduced remarkably to $X in 2022. Overall, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 157%. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for peanut butter exports from Belarus, accounting for a 91% share of total exports. Moreover, peanut butter exports 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 +14.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+76.5% per year) and Kazakhstan (-3.4% per year).

In value terms, Russia ($X) remains the key foreign market for peanut butter and prepared or preserved groundnuts exports from Belarus, comprising 73% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with a 7.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-0.8% per year) and Ukraine (+58.5% per year).

Export Prices by Country

In 2022, the average peanut butter export price amounted to $X per ton, rising by 49% against the previous year. In general, the export price, however, showed a noticeable contraction. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, 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 Kazakhstan ($X per ton), while the average price for exports to Russia ($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 Kazakhstan (+2.7%), while the prices for the other major destinations experienced a decline.

Peanut Butter Imports

Imports into Belarus

In 2022, approx. X tons of peanut butter and prepared or preserved groundnuts were imported into Belarus; jumping by 42% compared with 2021. Over the period under review, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, peanut butter imports skyrocketed to $X in 2022. Overall, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Russia (X tons) constituted the largest peanut butter supplier to Belarus, with a 68% share of total imports. Moreover, peanut butter imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), sevenfold. Uzbekistan (X tons) ranked third in terms of total imports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume from Russia amounted to +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+26.8% per year) and Uzbekistan (+28.2% per year).

In value terms, Russia ($X) constituted the largest supplier of peanut butter and prepared or preserved groundnuts to Belarus, comprising 61% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 16% share of total imports. It was followed by Lithuania, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Russia stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+21.4% per year) and Lithuania (+17.1% per year).

Import Prices by Country

In 2022, the average peanut butter import price amounted to $X per ton, falling by -7.4% against the previous year. Over the period under review, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2021 an increase of 3.4% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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