Belarus: Market for Protein Concentrates and Flavoured or Coloured Sugar Syrups 2024

Market Size for Protein Concentrates and Flavoured or Coloured Sugar Syrups in Belarus

After two years of decline, the Belarusian market for protein concentrates and flavoured or coloured sugar syrups increased by 8.8% to $X in 2021. Overall, consumption, however, saw a mild contraction. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Production of Protein Concentrates and Flavoured or Coloured Sugar Syrups in Belarus

In value terms, production of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2013 with an increase of 42% against the previous year. Production of peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Exports from Belarus

In 2021, after five years of decline, there was significant growth in shipments abroad of protein concentrates and flavoured or coloured sugar syrups, when their volume increased by 1,315% to X tons. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports of reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, exports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021. Overall, exports, however, showed a abrupt downturn. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for exports of protein concentrates and flavoured or coloured sugar syrups from Belarus, with a 82% share of total exports. Moreover, exports of protein concentrates and flavoured or coloured sugar syrups to Russia exceeded the volume sent to the second major destination, Latvia (X tons), ninefold. The third position in this ranking was held by Kazakhstan (X tons), with a 7.6% share.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to -2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (+51,449.7% per year) and Kazakhstan (+97.6% per year).

In value terms, Russia ($X) remains the key foreign market for protein concentrates and flavoured or coloured sugar syrups exports from Belarus, comprising 70% of total exports. The second position in the ranking was held by Ukraine ($X), with a 17% share of total exports. It was followed by Kazakhstan, with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+12.5% per year) and Kazakhstan (+92.6% per year).

Export Prices by Country

In 2021, the average export price for protein concentrates and flavoured or coloured sugar syrups amounted to $X per ton, with a decrease of -3.1% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 102%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+7.5%), while the prices for the other major destinations experienced a decline.

Imports of Protein Concentrates and Flavoured or Coloured Sugar Syrups

Imports into Belarus

In 2021, imports of protein concentrates and flavoured or coloured sugar syrups into Belarus expanded rapidly to X tons, growing by 6.1% compared with the previous year. Overall, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2019 with an increase of 168%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, imports of protein concentrates and flavoured or coloured sugar syrups surged to $X in 2021. In general, imports, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 with an increase of 30%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest protein concentrate and flavoured or coloured sugar syrup supplier to Belarus, accounting for a 70% share of total imports. Moreover, imports of protein concentrates and flavoured or coloured sugar syrups from Russia exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. The third position in this ranking was taken by Serbia (X tons), with a 5.9% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-1.2% per year) and Serbia (+2.0% per year).

In value terms, Russia ($X) constituted the largest supplier of protein concentrates and flavoured or coloured sugar syrups to Belarus, comprising 64% of total imports. The second position in the ranking was taken by China ($X), with a 9.2% share of total imports. It was followed by Italy, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.4% per year) and Italy (+26.7% per year).

Import Prices by Country

The average import price for protein concentrates and flavoured or coloured sugar syrups stood at $X per ton in 2021, with an increase of 18% against the previous year. In general, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for protein concentrates and flavoured or coloured sugar syrups increased by +79.7% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 52%. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :