Key Market Indicators
Belarus is projected to see a decline in its grains production over the next five years. According to recent forecasts, the country's output is expected to drop to approximately 6.3 million metric tons by 2028, down from around 6.6 million metric tons in 2023. This represents a 0.6% annual decrease in production. Despite the anticipated decline, Belarus has experienced growth in grains production over the past decades. Since 1997, the nation's supply has risen by an average of 2.5% per year. In 2023, Belarus was ranked 43rd in global grains production. Uzbekistan surpassed Belarus with a production of about 6.6 million metric tons. On the global stage, the United States, India, and Brazil held the second, third, and fourth positions, respectively.
