Belarus: Smoked Salmon Market 2024

Smoked Salmon Market Size in Belarus

The Belarusian smoked salmon market expanded slightly to $X in 2022, surging by 2.7% against the previous year. The market value increased at an average annual rate of +5.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Smoked salmon consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Smoked Salmon Production in Belarus

In value terms, smoked salmon production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 51%. Smoked salmon production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Smoked Salmon Exports

Exports from Belarus

In 2022, smoked salmon exports from Belarus reduced sharply to X tons, dropping by -19.2% against 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 58% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, smoked salmon exports contracted to $X in 2022. Overall, exports, however, saw a modest increase. The pace of growth appeared the most rapid in 2013 when exports increased by 103%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for smoked salmon exports from Belarus, accounting for a 67% share of total exports. Moreover, smoked salmon exports to Russia exceeded the volume sent to the second major destination, Lithuania (X tons), sixfold. Kazakhstan (X tons) ranked third in terms of total exports with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+69.3% per year) and Kazakhstan (+2.3% per year).

In value terms, Russia ($X) remains the key foreign market for smoked pacific, atlantic and danube salmon exports from Belarus, comprising 59% of total exports. The second position in the ranking was held by Lithuania ($X), with a 12% share of total exports. It was followed by Kazakhstan, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+72.5% per year) and Kazakhstan (+5.5% per year).

Export Prices by Country

In 2022, the average smoked salmon export price amounted to $X per ton, increasing by 7.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2016 an increase of 43%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Kazakhstan ($X per ton) and Armenia ($X per ton), while the average price for exports to Russia ($X per ton) and Lithuania ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Smoked Salmon Imports

Imports into Belarus

In 2022, after two years of growth, there was decline in supplies from abroad of smoked pacific, atlantic and danube salmon, when their volume decreased by -0.2% to X tons. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 13,794%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, smoked salmon imports amounted to $X in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 11,046%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of smoked salmon to Belarus, accounting for a 86% share of total imports. Moreover, smoked salmon imports from Russia exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia totaled +64.9%.

In value terms, Russia ($X) constituted the largest supplier of smoked pacific, atlantic and danube salmon to Belarus, comprising 67% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 33% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Russia totaled +51.9%.

Import Prices by Country

The average smoked salmon import price stood at $X per ton in 2022, picking up by 4% against the previous year. Overall, the import price, however, recorded a drastic downturn. The growth pace was the most rapid in 2019 an increase of 56% against the previous year. The import price peaked 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 the Netherlands ($X per ton), while the price for Russia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-4.9%).

Source: IndexBox Platform

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