Cereals; Millet, Seed Price in Belarus - 2022

Contents:

  1. Cereals; Millet, Seed Price in Belarus (FOB) - 2022
  2. Cereals; Millet, Seed Price in Belarus (CIF) - 2022
  3. Cereals; Millet, Seed Exports in Belarus
  4. Cereals; Millet, Seed Imports in Belarus

Cereals; Millet, Seed Price in Belarus (FOB) - 2022

The average cereals; millet, seed export price stood at $253 per ton in 2022, stabilizing at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 64%. As a result, the export price attained the peak level of $430 per ton. From 2020 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2014 to 2022, the rate of growth in terms of prices for Russia amounted to -34.8% per year.

Cereals; Millet, Seed Price in Belarus (CIF) - 2022

The average cereals; millet, seed import price stood at $471 per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 26%. Over the period under review, average import prices attained the peak figure at $799 per ton in 2018; however, from 2019 to 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 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -0.2% per year.

Cereals; Millet, Seed Exports in Belarus

In 2022, approx. 13 tons of cereals; millet, seeds were exported from Belarus; remaining constant against the previous year. Overall, exports continue to indicate a dramatic contraction. The smallest decline of -52.2% was in 2020.

In value terms, cereals; millet, seed exports stood at $3.3K in 2022. In general, exports continue to indicate a precipitous setback. The smallest decline of -72.2% was in 2020.

Export of Cereals; Millet, Seed in Belarus (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/AN/AN/A3.30%
BulgariaN/A5.5N/AN/A0%
Qatar19.8N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total19.85.5N/A3.3-45.0%

Top Export Markets for Cereals; Millet, Seed from Belarus in 2022:

  1. China (13.1 tons)

Cereals; Millet, Seed Imports in Belarus

In 2022, the amount of cereals; millet, seeds imported into Belarus was estimated at 597 kg, leveling off at 2021. Overall, imports, however, continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 99% against the previous year.

In value terms, cereals; millet, seed imports stood at $281 in 2022. Over the period under review, imports, however, saw a sharp contraction. The growth pace was the most rapid in 2021 when imports increased by 47% against the previous year.

Import of Cereals; Millet, Seed in Belarus (USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia825190280281-30.2%
Others70.0N/AN/AN/A0%
Total895190280281-32.0%

Top Suppliers of Cereals; Millet, Seed to Belarus in 2022:

  1. Russia (597.0 kg)

Source: IndexBox Market Intelligence Platform

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