Eastern Europe: Carob Market 2024

Carob Market Size in Eastern Europe

In 2022, the East European carob market was finally on the rise to reach $X after five years of decline. The total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Carob Production in Eastern Europe

In value terms, carob production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a strong expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Ukraine (X tons) constituted the country with the largest volume of carob production, comprising approx. X% of total volume. Moreover, carob production in Ukraine exceeded the figures recorded by the second-largest producer, Hungary (X tons), more than tenfold.

In Ukraine, carob production expanded at an average annual rate of X% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: Hungary (X% per year) and Bulgaria (X% per year).

In 2022, the average carob yield in Eastern Europe expanded sharply to X tons per ha, with an increase of X% compared with the previous year. Overall, the yield, however, recorded a mild curtailment. The growth pace was the most rapid in 2015 when the yield increased by X%. As a result, the yield reached the peak level of X tons per ha. From 2016 to 2022, the growth of the carob yield remained at a somewhat lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of carob production in Eastern Europe stood at X ha, remaining constant against 2021. Overall, the harvested area recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to carob production reached the peak figure at X ha in 2016; however, from 2017 to 2022, the harvested area failed to regain momentum.

Carob Exports

Exports in Eastern Europe

In 2022, shipments abroad of carob increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, exports posted a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, carob exports amounted to $X in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Poland (X tons) and Hungary (X tons) were the largest exporters of carob in 2022, accounting for near X% and X% of total exports, respectively. Russia (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Slovakia (X%), Bulgaria (X%) and the Czech Republic (X%).

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Bulgaria ($X) and Slovakia ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Russia, Hungary and Poland lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2014 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Carob Imports

Imports in Eastern Europe

In 2022, supplies from abroad of carob increased by X% to X tons, rising for the second consecutive year after four years of decline. Overall, imports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, carob imports skyrocketed to $X in 2022. In general, imports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Ukraine (X tons) and Poland (X tons) represented roughly X% of total imports in 2022. The Czech Republic (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Russia (X%) and Romania (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Ukraine (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Ukraine ($X) and Russia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the import price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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