Eastern Europe: Biological Product Market 2024

Biological Product Market Size in Eastern Europe

The East European biological product market reached $X in 2023, growing by X% against the previous year. Overall, consumption, however, posted a buoyant increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Biological Product Production in Eastern Europe

In value terms, biological product production totaled $X in 2023 estimated in export price. Overall, production enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Biological Product Exports

Exports in Eastern Europe

Biological product exports skyrocketed to X tons in 2023, jumping by X% against the previous year. In general, exports posted a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, biological product exports skyrocketed to $X in 2023. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Poland was the major exporting country with an export of around X tons, which amounted to X% of total exports. Hungary (X tons) ranks second in terms of the total exports with an X% share, followed by Russia (X%) and the Czech Republic (X%). Lithuania (X tons) took a relatively small share of total exports.

Poland was also the fastest-growing in terms of the biological products exports, with a CAGR of X% from 2012 to 2023. At the same time, Lithuania (X%), Hungary (X%) and Russia (X%) displayed positive paces of growth. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Hungary, Russia and the Czech Republic saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X), Poland ($X) and Russia ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

In terms of the main exporting countries, Poland, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Export price indicated tangible growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, biological product export price increased by X% against 2021 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Poland ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Biological Product Imports

Imports in Eastern Europe

Biological product imports reached X tons in 2023, growing by X% compared with the previous year. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, biological product imports skyrocketed to $X in 2023. In general, imports posted a resilient increase. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Poland (X tons), distantly followed by Russia (X tons), Hungary (X tons), the Czech Republic (X tons), Belarus (X tons), Lithuania (X tons) and Romania (X tons) were the largest importers of biological products, together creating X% of total imports.

From 2012 to 2023, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Hungary ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports.

In terms of the main importing countries, Hungary, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Overall, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of X%. The level of import peaked in 2023 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X,221 per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform