Belarus: Prepared Mustard Market 2024

Prepared Mustard Market Size in Belarus

The Belarusian prepared mustard market fell notably to $X in 2021, waning by -22.7% against the previous year. In general, consumption, however, continues to indicate modest growth. Prepared mustard consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Prepared Mustard Production in Belarus

In value terms, prepared mustard production dropped rapidly to $X in 2021 estimated in export price. Overall, production, however, showed a modest increase. The pace of growth was the most pronounced in 2016 with an increase of 103% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Prepared Mustard Exports

Exports from Belarus

In 2021, prepared mustard exports from Belarus soared to X tons, growing by 84% on the previous year's figure. In general, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 95%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, prepared mustard exports surged to $X in 2021. Over the period under review, exports recorded a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by 112%. The exports peaked in 2021 and are likely to continue growth in the near future.

Exports by Country

Russia (X tons) was the main destination for prepared mustard exports from Belarus, with a 96% share of total exports. It was followed by Kazakhstan (X tons), with a 1.9% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Russia totaled +5.6%.

In value terms, Russia ($X) remains the key foreign market for prepared mustard exports from Belarus, comprising 92% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 3.6% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Russia amounted to +7.7%.

Export Prices by Country

In 2021, the average prepared mustard export price amounted to $X per ton, dropping by -22.7% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 an increase of 39% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then dropped dramatically in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Kazakhstan ($X per ton), while the average price for exports to Russia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.0%).

Prepared Mustard Imports

Imports into Belarus

In 2021, purchases abroad of prepared mustard decreased by -10.5% to X tons for the first time since 2018, thus ending a two-year rising trend. Overall, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.5% 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 -1.7% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 70% against the previous year. Over the period under review, imports attained the maximum at X tons in 2020, and then fell in the following year.

In value terms, prepared mustard imports dropped to $X in 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +8.8% against 2017 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 48%. Over the period under review, imports hit record highs at $X in 2020, and then shrank in the following year.

Imports by Country

Ukraine (X tons), Russia (X tons) and Poland (X tons) were the main suppliers of prepared mustard imports to Belarus, with a combined 98% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +31.5%), while purchases for the other leaders experienced a decline.

In value terms, the largest prepared mustard suppliers to Belarus were Ukraine ($X), Russia ($X) and Poland ($X), together comprising 94% of total imports.

Among the main suppliers, Ukraine, with a CAGR of +28.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average prepared mustard import price stood at $X per ton in 2021, increasing by 5.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 14%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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