Eastern Europe: Maize Bran Market 2024

Maize Bran Market Size in Eastern Europe

The East European maize bran market expanded to $X in 2023, with an increase of X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Maize Bran Production in Eastern Europe

In value terms, maize bran production reduced to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2022, and then reduced slightly in the following year.

Maize Bran Exports

Exports in Eastern Europe

In 2023, exports of maize bran in Eastern Europe surged to X tons, picking up by X% on 2022 figures. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

In value terms, maize bran exports surged to $X in 2023. Over the period under review, exports showed a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Exports by Country

Russia (X tons) and Poland (X tons) prevails in exports structure, together making up X% of total exports. Ukraine (X tons) took the next position in the ranking, followed by Hungary (X tons). All these countries together took approx. X% share of total exports. Romania (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest maize bran supplying countries in Eastern Europe were Russia ($X), Poland ($X) and Ukraine ($X), with a combined X% share of total exports.

Among the main exporting countries, Russia, 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 2023, the export price in Eastern Europe amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then dropped slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced mixed trends in the export price figures.

Maize Bran Imports

Imports in Eastern Europe

After five years of growth, overseas purchases of maize bran decreased by X% to X tons in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, maize bran imports declined markedly to $X in 2023. In general, imports, however, continue to indicate mild growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2022, and then plummeted in the following year.

Imports by Country

Latvia (X tons), Slovakia (X tons) and Lithuania (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Bulgaria (X tons), Estonia (X tons) and Poland (X tons), together making up a X% share of total imports. Romania (X tons) took a minor share of total imports.

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

In value terms, the largest maize bran importing markets in Eastern Europe were Latvia ($X), Lithuania ($X) and Bulgaria ($X), together comprising X% of total imports.

In terms of the main importing countries, Lithuania, 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 2023, the import price in Eastern Europe amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, recorded a modest increase. The growth pace was the most rapid in 2016 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then shrank in the following year.

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

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

Source: IndexBox Platform