Price for Cereal Flours; Other than of Wheat or Meslin in Belarus - 2022

Price for Cereal Flours; Other than of Wheat or Meslin in Belarus (FOB) - 2022

In March 2022, the average export price for cereal flours; other than of wheat or meslin amounted to $186 per ton, declining by -9.4% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in December 2021 an increase of 5.5% month-to-month. The export price peaked at $205 per ton in February 2022, and then contracted in the following month.

Average prices varied noticeably for the major external markets. In March 2022, the country with the highest price was Turkmenistan ($189 per ton), while the average price for exports to Russia stood at $186 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Cereal Flours; Other than of Wheat or Meslin in Belarus (CIF) - 2022

The average import price for cereal flours; other than of wheat or meslin stood at $666 per ton in 2022, reducing by -8.7% against the previous year. Overall, the import price recorded a noticeable decrease. The most prominent rate of growth was recorded in 2017 an increase of 25%. The import price peaked at $910 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($745 per ton), while the price for Ukraine amounted to $278 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (-2.0%).

Exports of Cereal Flours; Other than of Wheat or Meslin in Belarus

For the fourth year in a row, Belarus recorded growth in overseas shipments of cereal flours; other than of wheat or meslin, which increased by 3.6% to 80K tons in 2022. Over the period under review, exports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 207% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of cereal flours; other than of wheat or meslin soared to $17M in 2022. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 117%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

Export of Cereal Flours; Other than of Wheat or Meslin in Belarus (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Russia	2.0	4.7	10.7	12.7	85.2%
Ukraine	2.5	1.7	3.1	3.6	12.9%
Moldova	0.3	0.2	0.6	0.7	32.6%
Others	N/A	N/A	0.1	0.1	0.0%
Total	4.7	6.7	14.5	17.1	53.8%

Top Export Markets for Cereal Flours; Other than of Wheat or Meslin from Belarus in 2022:

Russia (59.4K tons)
Ukraine (16.8K tons)
Moldova (3.3K tons)

Imports of Cereal Flours; Other than of Wheat or Meslin in Belarus

In 2022, the amount of cereal flours; other than of wheat or meslin imported into Belarus rose to 1.7K tons, picking up by 4.8% compared with the previous year. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2020 with an increase of 5.2% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, imports of cereal flours; other than of wheat or meslin shrank to $1.1M in 2022. The total import value increased at an average annual rate of +5.9% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year.