Belarus increased imports of carrots by almost 5 times in 2021, mainly from Ukraine

Published 2021년 10월 14일

Tridge summary

Belarus experienced a significant increase in carrot imports in the first eight months of 2021, with a record 9.2 thousand tons, which is a 4.7-fold increase compared to the same period in 2020. Despite this, the country remained a net exporter of carrots as exports exceeded imports. Ukraine emerged as the primary supplier, contributing about 85% of the imports. This surge in imports is likely linked to the drastic price differences between Russia and Ukraine, with Russian carrot prices reaching record highs. Initially, the imported carrots were likely intended for the Russian market. However, as the price gap between Belarus and Russia has narrowed, it is speculated that some of the August imports might have been intended for the local Belarusian market due to cheaper prices in Ukraine. Since September, the market has seen price equilibrium, with minimal price advantages from Ukrainian supplies.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to EastFruit analysts, in the first eight months of 2021 Belarus imported a record volume of carrots for this period of the year for recent years. In general, 9.2 thousand tons of root crops were imported into the country, which is 4.7 times more than in the same period of 2020. At the same time, Belarus remained a net exporter of carrots, since exports significantly exceeded imports. Why would Belarus import carrots if it itself exported this root crop in large volumes? The answer to this question should be sought in the structure of imports and exports of these goods. Ukraine became the main supplier of carrots to the Belarusian market, which supplied about 85% of all products. The peak of supplies fell on June 2021, when Belarus bought 4 thousand tons of carrots from Ukraine. Almost the entire volume of imports fell on the period from April to July. As you know, in the same period, carrot prices in Russia broke all records, and social networks were full of memes ...

Source: Eastfruit