Price for Pectic Substances; Pectinates and Pectates in Belarus - 2022

Contents:

1. Price for Pectic Substances; Pectinates and Pectates in Belarus (CIF) - 2022
2. Price for Pectic Substances; Pectinates and Pectates in Belarus (FOB) - 2022
3. Imports of Pectic Substances; Pectinates and Pectates in Belarus
4. Exports of Pectic Substances; Pectinates and Pectates in Belarus

Price for Pectic Substances; Pectinates and Pectates in Belarus (CIF) - 2022

In March 2022, the average import price for pectic substances; pectinates and pectateses amounted to $14,414 per ton, rising by 42% against the previous month. Over the period from March 2021 to March 2022, it increased at an average monthly rate of +1.4%. Over the period under review, average import prices hit record highs at $15,921 per ton in July 2021; however, from August 2021 to March 2022, import prices failed to regain momentum.

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

From March 2021 to March 2022, the rate of growth in terms of prices for Ukraine amounted to +1.2% per month.

Price for Pectic Substances; Pectinates and Pectates in Belarus (FOB) - 2022

In 2022, the average export price for pectic substances; pectinates and pectateses amounted to $10,969 per ton, approximately mirroring the previous year. In general, the export price recorded a mild descent. The most prominent rate of growth was recorded in 2019 an increase of 26%. Over the period under review, the average export prices hit record highs at $12,261 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($11,036 per ton), while the average price for exports to Ukraine stood at $10,401 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+0.9%).

Imports of Pectic Substances; Pectinates and Pectates in Belarus

In 2022, purchases abroad of pectic substances; pectinates and pectateses decreased by -10.3% to 209 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 12%. As a result, imports reached the peak of 235 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, pectic substances; pectinates and pectates imports fell to $2.4M in 2022. Over the period under review, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 3.4% against the previous year. As a result, imports reached the peak of $2.9M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Top Suppliers of Pectic Substances; Pectinates and Pectates to Belarus in 2022:

1. Russia (132.1 tons)
2. Spain (18.3 tons)
3. Moldova (16.8 tons)
4. China (9.8 tons)
5. Latvia (8.3 tons)

Exports of Pectic Substances; Pectinates and Pectates in Belarus

In 2022, shipments abroad of pectic substances; pectinates and pectateses decreased by -21.8% to 26 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 490% against the previous year.

In value terms, pectic substances; pectinates and pectates exports plummeted to $290K in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 541% against the previous year.

Top Export Markets for Pectic Substances; Pectinates and Pectates from Belarus in 2022:

1. Russia (23.6 tons)
2. Ukraine (2.8 tons)

Source: IndexBox Market Intelligence Platform