Belarus: Dry Peas Market 2024

Dry Peas Market Size in Belarus

In 2021, the Belarusian dry peas market decreased by -19.2% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption recorded a mild reduction. Over the period under review, the market reached the maximum level at $X in 2020, and then fell rapidly in the following year.

Dry Peas Production in Belarus

In value terms, dry peas production reduced to $X in 2021 estimated in export price. Overall, production recorded a mild downturn. The growth pace was the most rapid in 2020 when the production volume increased by 24%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

The average yield of peas (dry) in Belarus declined to X tons per ha in 2021, with a decrease of -10.8% against the year before. In general, the yield showed a perceptible curtailment. The pace of growth was the most pronounced in 2017 when the yield increased by 28% against the previous year. As a result, the yield reached the peak level of X tons per ha. From 2018 to 2021, the growth of the average dry peas yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of peas (dry) in Belarus rose to X ha, picking up by 2.3% compared with 2020 figures. Over the period under review, the total harvested area indicated tangible growth from 2012 to 2021: its figure increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, dry peas harvested area decreased by -2.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 73%. Over the period under review, the harvested area dedicated to dry peas production reached the maximum at X ha in 2019; however, from 2020 to 2021, the harvested area stood at a somewhat lower figure.

Dry Peas Exports

Exports from Belarus

In 2021, shipments abroad of peas (dry) increased by 225% to X tons, rising for the third year in a row after three years of decline. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 1,660%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, dry peas exports skyrocketed to $X in 2021. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 1,014% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

Latvia (X tons), Lithuania (X tons) and the Netherlands (X tons) were the main destinations of dry peas exports from Belarus, together comprising 64% of total exports. These countries were followed by Denmark, Poland, Norway and Germany, which together accounted for a further 35%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +1,268.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for dry peas exported from Belarus were Latvia ($X), Lithuania ($X) and the Netherlands ($X), together accounting for 66% of total exports. These countries were followed by Denmark, Poland, Norway and Germany, which together accounted for a further 33%.

Denmark, with a CAGR of +1,939.0%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average dry peas export price amounted to $X per ton, with an increase of 32% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. Over the period under review, the average export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, the countries with the highest prices were Lithuania ($X per ton) and Latvia ($X per ton), while the average price for exports to Norway ($X per ton) and Poland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+48.7%), while the prices for the other major destinations experienced more modest paces of growth.

Dry Peas Imports

Imports into Belarus

In 2021, the amount of peas (dry) imported into Belarus fell to X tons, with a decrease of -7.5% compared with the previous year's figure. Over the period under review, total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -14.0% against 2017 indices. The pace of growth was the most pronounced in 2013 when imports increased by 25%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, dry peas imports stood at $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of dry peas to Belarus, accounting for a 84% share of total imports. Moreover, dry peas imports from Russia exceeded the figures recorded by the second-largest supplier, Germany (X tons), more than tenfold. Hungary (X tons) ranked third in terms of total imports with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia stood at +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+17.8% per year) and Hungary (-5.5% per year).

In value terms, Russia ($X) constituted the largest supplier of dry peas to Belarus, comprising 64% of total imports. The second position in the ranking was held by Hungary ($X), with a 14% share of total imports. It was followed by Germany, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia stood at +9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-5.6% per year) and Germany (+11.7% per year).

Import Prices by Country

The average dry peas import price stood at $X per ton in 2021, growing by 24% against the previous year. Over the period under review, the import price, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 26% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Hungary ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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