A boost in potato imports to Russia in 2024, with Belarus and other nations leading the charge! 🚀
update on the potato trade 🍠📈
Russia secures primary potato supply from Belarus, pushing aside rival nation.
In the year 2024, Russia witnessed a considerable spike in potato imports, with Belarus emerging as a dominant supplier. Interestingly, China managed to sneak into the top three suppliers for the first time in five years, marking a notable shift in the market.
As per the stats, Russia grabbed the most potatoes from its northern neighbor Belarus - a whopping 193.8 thousand tons. Apparently, Belarus held on to the top spot, while Egypt, which led the market the previous year, dropped to second place with 75.3 thousand tons.
Ever since 2019, China has been vying for a spot among the top suppliers, and finally, in 2024, it managed to bag the third position, scoring an impressive 46.7 thousand tons.
global context 🌎
Russia decided to ramp up its potato imports from various countries in the past year. The boost was observed in imports from Armenia (by 805 times), Turkey (by 47 times), Georgia (by 7 times), China (by 5 times), and Kyrgyzstan (by 3.2 times).
While Belarus held the leading position, other nations might replace it if they can cater to Russia's growing demand. However, the lack of comprehensive data from countries like Belarus and Egypt makes it hard to assess the global market dynamics accurately.
market trends 📊
The potato market has been experiencing growing demand across the globe. Consequently, prices have climbed high in Russia, with a whopping 70.8% increase in the Krasnoyarsk region alone. In response, Russia plans to up its potato-growing area by 6,500 hectares in 2025 to stabilize the domestic market.
With the expanding global demand for potatoes, technological advancements are being leveraged in seed potato production, which could impact market trends in regions like Russia and Belarus in the coming years. 🌱🔧
- In 2024, Belarus expectantly will continue leading the charge in potato imports to Russia, accounting for 193.8 thousand tons of imported potatoes.
- As the potato industry expands globally, China's significant rise in exports has earned it a third place in Russia's potato imports, with transactions amounting to 46.7 thousand tons.
- The boost in potato imports has been observable not only from Belarus but also from other nations such as Armenia, Turkey, Georgia, China, and Kyrgyzstan.
- To address growing domestic demand and price instability, Russia plans to enhance its potato cultivation area by 6,500 hectares in 2025, while technological advancements in seed potato production may further influence regional market trends in future years.
