Belarus: Preserved Tuna Market 2024

Preserved Tuna Market Size in Belarus

After six years of growth, the Belarusian preserved tuna market decreased by -5.5% to $X in 2021. Overall, consumption, however, saw a temperate expansion. Preserved tuna consumption peaked at $X in 2020, and then shrank in the following year.

Preserved Tuna Production in Belarus

In value terms, preserved tuna production contracted to $X in 2021 estimated in export price. Overall, production, however, showed notable growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 44%. Preserved tuna production peaked at $X in 2020, and then contracted in the following year.

Preserved Tuna Exports

Exports from Belarus

After two years of growth, overseas shipments of tuna (prepared or preserved) decreased by -49.7% to X tons in 2021. In general, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 9,928%. As a result, the exports reached the peak of X tons, and then fell markedly in the following year.

In value terms, preserved tuna exports reduced markedly to $X in 2021. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 11,341%. As a result, the exports reached the peak of $X, and then declined sharply in the following year.

Exports by Country

Russia (X tons) was the main destination for preserved tuna exports from Belarus, with a 75% share of total exports. Moreover, preserved tuna exports to Russia exceeded the volume sent to the second major destination, Canada (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia stood at +30.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (0.0% per year) and Ukraine (0.0% per year).

In value terms, Russia ($X) remains the key foreign market for tuna (prepared or preserved) exports from Belarus, comprising 71% of total exports. The second position in the ranking was held by Canada ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Russia totaled +34.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (0.0% per year) and Ukraine (0.0% per year).

Export Prices by Country

In 2021, the average preserved tuna export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price, however, posted a measured increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 53% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then fell slightly in the following year.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Ukraine ($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 Russia (+2.7%).

Preserved Tuna Imports

Imports into Belarus

In 2021, the amount of tuna (prepared or preserved) imported into Belarus rose markedly to X tons, with an increase of 15% compared with the previous year. In general, imports enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 when imports increased by 102%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, preserved tuna imports soared to $X in 2021. Over the period under review, imports showed a prominent expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 107%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Russia (X tons) constituted the largest preserved tuna supplier to Belarus, accounting for a 62% share of total imports. Moreover, preserved tuna imports from Russia exceeded the figures recorded by the second-largest supplier, Ecuador (X tons), sixfold. Thailand (X tons) ranked third in terms of total imports with a 7% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+399.4% per year) and Thailand (+4.6% per year).

In value terms, Russia ($X) constituted the largest supplier of tuna (prepared or preserved) to Belarus, comprising 53% of total imports. The second position in the ranking was held by Ecuador ($X), with a 14% share of total imports. It was followed by Thailand, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (+350.4% per year) and Thailand (+0.1% per year).

Import Prices by Country

In 2021, the average preserved tuna import price amounted to $X per ton, approximately equating the previous year. In general, the import price, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2016 when the average import price increased by 8.8% 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 by country of origin: amid the top importers, the country with the highest price was Lithuania ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Seychelles (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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