Price for Cereal Flour; of Maize (Corn) in Belarus - 2022

Price for Cereal Flour; of Maize (Corn) in Belarus (CIF) - 2022

In 2022, the average import price for cereal flour; of maize (corn) amounted to $490 per ton, shrinking by -3.7% against the previous year. Overall, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 23% against the previous year. Over the period under review, average import prices attained the maximum at $962 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($512 per ton), while the price for Ukraine stood at $201 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (-3.7%).

Price for Cereal Flour; of Maize (Corn) in Belarus (FOB) - 2022

The average export price for cereal flour; of maize (corn) stood at $623 per ton in 2022, approximately equating the previous year. Overall, the export price, however, continues to indicate a noticeable slump. The growth pace was the most rapid in 2019 when the average export price increased by 125%. The export price peaked at $997 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Georgia amounted to +9.5% per year.

Imports of Cereal Flour; of Maize (Corn) in Belarus

After three years of growth, overseas purchases of cereal flour; of maize (corn) decreased by -16.1% to 430 tons in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 63% against the previous year.

In value terms, cereal flour; of maize (corn) imports dropped dramatically to $211K in 2022. In general, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 55%.

Import of Cereal Flour; of Maize (Corn) in Belarus (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	131	189	177	201	15.3%
Ukraine	24.4	56.6	83.0	6.9	-34.4%
Others	4.0	2.7	0.8	3.0	-9.1%
Total	160	248	261	211	9.7%

Top Suppliers of Cereal Flour; of Maize (Corn) to Belarus in 2022:

Russia (392.3 tons)
Ukraine (34.2 tons)

Exports of Cereal Flour; of Maize (Corn) in Belarus

In 2022, the amount of cereal flour; of maize (corn) exported from Belarus shrank slightly to 18 tons, reducing by -2.5% on 2021 figures. In general, exports recorded a precipitous contraction. The pace of growth appeared the most rapid in 2021 with an increase of 5.3% against the previous year.

In value terms, cereal flour; of maize (corn) exports contracted to $11K in 2022. Over the period under review, exports recorded a significant contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 4.1% against the previous year.