Eastern Europe: Chestnut Market 2024

Chestnut Market Size in Eastern Europe

After three years of growth, the East European chestnut market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped slightly in the following year.

Chestnut Production in Eastern Europe

In value terms, chestnut production skyrocketed to $X in 2022 estimated in export price. The total production indicated a mild 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. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Bulgaria (X tons) remains the largest chestnut producing country in Eastern Europe, accounting for X% of total volume. Moreover, chestnut production in Bulgaria exceeded the figures recorded by the second-largest producer, Hungary (X tons), twofold. Ukraine (X tons) ranked third in terms of total production with a X% share.

From 2012 to 2022, the average annual growth rate of volume in Bulgaria amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Hungary (X% per year) and Ukraine (X% per year).

The average chestnut yield dropped modestly to X tons per ha in 2022, remaining relatively unchanged against the previous year. In general, the yield showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of yield peaked at X tons per ha in 2014; however, from 2015 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of chestnuts in Eastern Europe reached X ha, increasing by X% on 2021. Overall, the harvested area, however, showed a pronounced decline. 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 harvested area dedicated to chestnut production reached the maximum at X ha in 2013; however, from 2014 to 2022, the harvested area remained at a lower figure.

Chestnut Exports

Exports in Eastern Europe

In 2022, overseas shipments of chestnuts increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, exports, however, showed a noticeable decrease. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, chestnut exports rose slightly to $X in 2022. Overall, exports showed notable growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Czech Republic (X tons) and Slovakia (X tons) represented roughly X% of total exports in 2022. Latvia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Ukraine (X%). Bulgaria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Latvia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the Czech Republic ($X), Slovakia ($X) and Ukraine ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Slovakia, with a CAGR of X%, saw the highest growth rate of the value of exports, among 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, falling by X% against the previous year. Export price indicated a moderate 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, chestnut export price increased by X% against 2016 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then contracted modestly in the following year.

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

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

Chestnut Imports

Imports in Eastern Europe

In 2022, after four years of decline, there was significant growth in overseas purchases of chestnuts, when their volume increased by X% to X tons. Total imports indicated a strong increase 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. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, chestnut imports reduced to $X in 2022. Total imports indicated a resilient 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, imports decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Hungary (X tons) represented the largest importer of chestnuts, mixing up X% of total imports. It was distantly followed by Romania (X tons), Russia (X tons), Slovakia (X tons), the Czech Republic (X tons) and Bulgaria (X tons), together generating a X% share of total imports.

Hungary was also the fastest-growing in terms of the chestnuts imports, with a CAGR of X% from 2012 to 2022. At the same time, Romania (X%), Bulgaria (X%) and Russia (X%) displayed positive paces of growth. The Czech Republic and Slovakia experienced a relatively flat trend pattern. From 2012 to 2022, the share of Hungary and Romania increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest chestnut importing markets in Eastern Europe were Hungary ($X), Romania ($X) and Slovakia ($X), with a combined X% share of total imports.

Among the main importing countries, Hungary, with a CAGR of X%, saw 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, shrinking by X% against the previous year. In general, the import price, however, showed a slight expansion. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then shrank rapidly in the following year.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :