Belarus: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Belarus

In 2021, the Belarusian rusks and toasted bread market increased by 12% to $X, rising for the fifth year in a row after three years of decline. Overall, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +90.3% against 2016 indices. Rusks and toasted bread consumption peaked in 2021 and is likely to continue growth in the immediate term.

Production of Rusks, Toasted Bread and Similar Toasted Products in Belarus

In value terms, rusks and toasted bread production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 24% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Belarus

In 2021, overseas shipments of rusks, toasted bread and similar toasted products decreased by -45.7% to X tons, falling for the sixth year in a row after two years of growth. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2015 when exports increased by 26% against the previous year. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, rusks and toasted bread exports reduced rapidly to $X in 2021. Overall, exports saw a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of 11%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X tons) was the main destination for rusks and toasted bread exports from Belarus, with a 85% share of total exports. Moreover, rusks and toasted bread exports to Russia exceeded the volume sent to the second major destination, Turkmenistan (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Russia amounted to -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkmenistan (-1.2% per year) and Ukraine (+48.7% per year).

In value terms, Russia ($X) remains the key foreign market for rusks, toasted bread and similar toasted products exports from Belarus, comprising 82% of total exports. The second position in the ranking was held by Ukraine ($X), with a 6.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia amounted to -12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (+69.0% per year) and Turkmenistan (-2.4% per year).

Export Prices by Country

In 2021, the average rusks and toasted bread export price amounted to $X per ton, rising by 48% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 ($X per ton), while the average price for exports to Turkmenistan ($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 (+13.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Belarus

In 2021, overseas purchases of rusks, toasted bread and similar toasted products increased by 40% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, imports posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 64%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the near future.

In value terms, rusks and toasted bread imports soared to $X in 2021. In general, total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +122.3% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by 41%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of rusks and toasted bread to Belarus, accounting for a 61% share of total imports. Moreover, rusks and toasted bread imports from Russia exceeded the figures recorded by the second-largest supplier, Ukraine (X tons), twofold. Bulgaria (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from Russia stood at +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+10.7% per year) and Bulgaria (+43.6% per year).

In value terms, Russia ($X) constituted the largest supplier of rusks, toasted bread and similar toasted products to Belarus, comprising 56% of total imports. The second position in the ranking was held by Ukraine ($X), with a 26% share of total imports. It was followed by Bulgaria, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+2.7% per year) and Bulgaria (+38.5% per year).

Import Prices by Country

In 2021, the average rusks and toasted bread import price amounted to $X per ton, with a decrease of -4.6% against the previous year. Over the period under review, the import price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 an increase of 4.5% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Bulgaria ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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