Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belarus - 2022

Contents:

1. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belarus (CIF) - 2022
2. Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belarus (FOB) - 2022
3. Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belarus
4. Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belarus

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belarus (CIF) - 2022

The average import price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,122 per ton in March 2022, which is down by -14.2% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 12% m-o-m. As a result, import price reached the peak level of $1,307 per ton, and then dropped 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 Kazakhstan ($1,288 per ton), while the price for Iran ($833 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 Kazakhstan (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belarus (FOB) - 2022

The average export price for tomatoes; prepared or preserved otherwise than by vinegar or acetic acid stood at $1,058 per ton in 2022, shrinking by -2.2% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average export price increased by 36%. Over the period under review, the average export prices hit record highs at $1,349 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($1,086 per ton), while the average price for exports to Kazakhstan ($763 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (-0.0%), while the prices for the other major destinations experienced a decline.

Imports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belarus

For the fourth year in a row, Belarus recorded growth in purchases abroad of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid, which increased by 4.4% to 7.1K tons in 2022. The total import volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when imports increased by 4.5%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid soared to $9.1M in 2022. Over the period under review, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.0% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid to Belarus in 2022:

1. Russia (2897.2 tons)
2. Ukraine (1532.5 tons)
3. Italy (703.9 tons)
4. China (614.2 tons)
5. Iran (609.5 tons)
6. Kazakhstan (271.1 tons)
7. Portugal (229.9 tons)

Exports of Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid in Belarus

Exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid from Belarus surged to 420 tons in 2022, growing by 47% compared with the previous year's figure. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +56.6% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 52% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of tomatoes; prepared or preserved otherwise than by vinegar or acetic acid soared to $444K in 2022. Overall, total exports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Tomatoes; Prepared or Preserved Otherwise than by Vinegar or Acetic Acid from Belarus in 2022:

1. Russia (383.5 tons)
2. South Korea (22.0 tons)
3. Kazakhstan (14.3 tons)

Source: IndexBox Market Intelligence Platform