Flakes; of Potatoes Price in Belarus - 2022

Contents:

1. Flakes; of Potatoes Price in Belarus (FOB) - 2022
2. Flakes; of Potatoes Price in Belarus (CIF) - 2022
3. Flakes; of Potatoes Exports in Belarus
4. Flakes; of Potatoes Imports in Belarus

Flakes; of Potatoes Price in Belarus (FOB) - 2022

The average flakes; of potatoes export price stood at $1,631 per ton in March 2022, reducing by -12.3% against the previous month. In general, export price indicated a noticeable increase from March 2021 to March 2022: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, flakes; of potatoes export price decreased by -12.3% against February 2022 indices. The pace of growth appeared the most rapid in August 2021 an increase of 23% against the previous month. Over the period under review, the average export prices hit record highs at $1,859 per ton in February 2022, and then fell in the following month.

Average prices varied somewhat for the major external markets. In March 2022, the country with the highest price was Uzbekistan ($2,138 per ton), while the average price for exports to Russia ($1,489 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Flakes; of Potatoes Price in Belarus (CIF) - 2022

In 2022, the average flakes; of potatoes import price amounted to $1,830 per ton, increasing by 53% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, flakes; of potatoes import price increased by +85.0% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to +6.1% per year.

Flakes; of Potatoes Exports in Belarus

For the fourth year in a row, Belarus recorded growth in shipments abroad of flakes; of potatoeses, which increased by 14% to 4.9K tons in 2022. Over the period under review, exports recorded a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 86% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, flakes; of potatoes exports skyrocketed to $11M in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 118% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in years to come.

Top Export Markets for Flakes; of Potatoes from Belarus in 2022:

1. Russia (2688.8 tons)
2. United States (1166.0 tons)
3. Czech Republic (451.0 tons)
4. Romania (254.9 tons)
5. Israel (161.3 tons)
6. Lithuania (91.8 tons)
7. Armenia (74.3 tons)

Flakes; of Potatoes Imports in Belarus

In 2022, the amount of flakes; of potatoeses imported into Belarus skyrocketed to 2.3K tons, picking up by 19% compared with 2021. The total import volume increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, flakes; of potatoes imports soared to $4.2M in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Flakes; of Potatoes to Belarus in 2022:

1. Russia (2.3K tons)

Source: IndexBox Market Intelligence Platform