Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belarus - 2022

Contents:

  1. Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belarus (CIF) - 2022
  2. Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belarus (FOB) - 2022
  3. Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belarus
  4. Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belarus

Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belarus (CIF) - 2022

In March 2022, the average import price for soups and broths and preparations therefor; homogenised composite food preparationses amounted to $1,928 per ton, declining by -38% against the previous month. In general, the import price showed a noticeable decrease. The growth pace was the most rapid in September 2021 an increase of 40% month-to-month. Over the period under review, average import prices attained the maximum at $4,067 per ton in April 2021; however, from May 2021 to March 2022, import prices remained at a lower figure.

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 +2.1% per month.

Price for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belarus (FOB) - 2022

The average export price for soups and broths and preparations therefor; homogenised composite food preparationses stood at $1,882 per ton in March 2022, surging by 2.3% against the previous month. Over the period under review, export price indicated a mild increase from March 2021 to March 2022: its price increased at an average monthly rate of +1.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, export price for soups and broths and preparations therefor; homogenised composite food preparationses decreased by -27.6% against December 2021 indices. The most prominent rate of growth was recorded in June 2021 when the average export price increased by 68% against the previous month. As a result, the export price attained the peak level of $2,599 per ton. From July 2021 to March 2022, the the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In March 2022, the country with the highest price was Ukraine ($2,055 per ton), while the average price for exports to Russia stood at $1,865 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.2%).

Imports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belarus

After two years of decline, supplies from abroad of soups and broths and preparations therefor; homogenised composite food preparationses increased by 57% to 2K tons in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +13.9% over the last three years. The trend pattern, however, 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, imports of soups and broths and preparations therefor; homogenised composite food preparationses soared to $5.4M in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belarus (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia4.63.83.64.70.7%
Ukraine0.20.10.40.535.7%
Others0.20.20.20.314.5%
Total5.04.04.25.42.6%

Top Suppliers of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations to Belarus in 2022:

  1. Russia (1597.7 tons)
  2. Ukraine (300.7 tons)

Exports of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belarus

In 2022, the amount of soups and broths and preparations therefor; homogenised composite food preparationses exported from Belarus surged to 1.9K tons, increasing by 45% against 2021. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +16.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.6% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of soups and broths and preparations therefor; homogenised composite food preparationses surged to $4.4M in 2022. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations in Belarus (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia1.31.92.24.247.8%
UkraineN/A0.10.10.241.4%
OthersN/A0.10.10.10.0%
Total1.42.12.44.446.5%

Top Export Markets for Soups and Broths and Preparations Therefor; Homogenised Composite Food Preparations from Belarus in 2022:

  1. Russia (1790.8 tons)
  2. Ukraine (46.6 tons)

Source: IndexBox Market Intelligence Platform

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