Eastern Europe: Grain Market 2024

Grain Market Size in Eastern Europe

The East European grain market was estimated at $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Grain Production in Eastern Europe

In value terms, grain production declined to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Russia (X tons), Ukraine (X tons) and Poland (X tons), with a combined X% share of total production.

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

In 2022, the average yield of cereal grains in Eastern Europe fell slightly to X tons per ha, with a decrease of X% on the year before. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the grain yield reached the peak level at X tons per ha in 2021, and then contracted modestly in the following year. 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 cereal grains production in Eastern Europe stood at X ha, stabilizing at 2021 figures. Over the period under review, the harvested area recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

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Grain Exports

Exports in Eastern Europe

In 2022, exports of cereal grains in Eastern Europe dropped dramatically to X tons, reducing by X% against the previous year's figure. Total exports indicated pronounced growth from 2012 to 2022: its volume 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. Based on 2022 figures, exports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, grain exports declined modestly to $X in 2022. Total exports indicated a buoyant expansion 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. Based on 2022 figures, exports increased by X% against 2014 indices. The growth pace was the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, Ukraine (X tons), distantly followed by Russia (X tons), Romania (X tons), Poland (X tons) and Bulgaria (X tons) were the major exporters of cereal grains, together committing X% of total exports. The following exporters - Hungary (X tons) and Lithuania (X tons) - together made up X% of total exports.

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 largest grain supplying countries in Eastern Europe were Ukraine ($X), Russia ($X) and Romania ($X), with a combined X% share of total exports. Poland, Bulgaria, Hungary and Lithuania lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Poland, with a CAGR of X%, saw the highest growth rate of 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 2022, the export price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. Export price indicated a modest expansion from 2012 to 2022: its price 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. Based on 2022 figures, grain export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

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

Grain Imports

Imports in Eastern Europe

Grain imports soared to X tons in 2022, jumping by X% on 2021. Over the period under review, imports posted prominent growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, grain imports soared to $X in 2022. In general, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the four major importers of cereal grains, namely Belarus, Poland, Romania and Hungary, represented more than two-thirds of total import. Latvia (X tons) ranks next in terms of the total imports with a X% share, followed by Slovakia (X%). Lithuania (X tons) followed a long way behind the leaders.

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

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

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

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Hungary ($X per ton) and Romania ($X per ton), while Belarus ($X per ton) and Latvia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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