Shrimp Price in Belarus - 2022
Contents:
- Shrimp Price in Belarus (CIF) - 2022
- Shrimp Price in Belarus (FOB) - 2022
- Shrimp Imports in Belarus
- Shrimp Exports in Belarus
Shrimp Price in Belarus (CIF) - 2022
The average shrimp import price stood at $4,869 per ton in March 2022, falling by -24.3% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2021 when the average import price increased by 15% against the previous month. Over the period under review, average import prices reached the maximum at $6,431 per ton in February 2022, and then dropped remarkably in the following month.
There were significant differences in the average prices amongst the major supplying countries. In March 2022, the country with the highest price was Ecuador ($9,479 per ton), while the price for Greenland ($3,292 per ton) was amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+1.0%), while the prices for the other major suppliers experienced a decline.
Shrimp Price in Belarus (FOB) - 2022
The average shrimp export price stood at $7,215 per ton in March 2022, stabilizing at the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2021 when the average export price increased by 3.4% against the previous month. The export price peaked at $7,605 per ton in April 2021; however, from May 2021 to March 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major foreign markets. In March 2022, the country with the highest price was Russia ($7,660 per ton), while the average price for exports to Poland stood at $6,324 per ton.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.1%), while the prices for the other major destinations experienced a decline.
Shrimp Imports in Belarus
In 2022, shrimp imports into Belarus stood at 4.3K tons, picking up by 2.1% compared with the previous year. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 97% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, shrimp imports amounted to $23M in 2022. Overall, imports posted a prominent increase. The pace of growth was the most pronounced in 2021 when imports increased by 92% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Shrimp in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 5.2 | 6.8 | 12.0 | 12.3 | 33.2% |
| India | 7.2 | 3.5 | 7.8 | 8.1 | 4.0% |
| Greenland | 0.3 | 0.5 | 1.7 | 1.8 | 81.7% |
| Germany | 0.3 | 0.3 | 0.1 | 0.2 | -12.6% |
| Others | 0.8 | 0.7 | 1.1 | 0.5 | -14.5% |
| Total | 13.7 | 11.8 | 22.7 | 22.9 | 18.7% |
Top Suppliers of Shrimp to Belarus in 2022:
- Russia (2390.8 tons)
- India (1281.1 tons)
- Greenland (462.2 tons)
- Germany (129.1 tons)
Shrimp Exports in Belarus
In 2022, the amount of shrimps exported from Belarus totaled 1.1K tons, therefore, remained relatively stable against the previous year's figure. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.8% 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 +64.8% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 63%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, shrimp exports reached $7.9M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +63.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 62% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.
| Export of Shrimp in Belarus (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 4.7 | 3.6 | 5.7 | 5.8 | 7.3% |
| Poland | 0.5 | 0.6 | 1.4 | 1.4 | 40.9% |
| Ukraine | 0.5 | 0.4 | 0.4 | 0.4 | -7.2% |
| Others | 0.2 | 0.2 | 0.4 | 0.3 | 14.5% |
| Total | 6.0 | 4.8 | 7.9 | 7.9 | 9.6% |
Top Export Markets for Shrimp from Belarus in 2022:
- Russia (752.7 tons)
- Poland (208.4 tons)
- Ukraine (66.3 tons)
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