Eastern Europe: Maize Market 2024

Maize Market Size in Eastern Europe

After three years of growth, the East European maize market decreased by X% to $X in 2022. 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 throughout the analyzed period. The level of consumption peaked at $X in 2021, and then contracted in the following year.

Maize Production in Eastern Europe

In value terms, maize production expanded modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

The country with the largest volume of maize production was Hungary (X tons), comprising approx. X% of total volume. Moreover, maize production in Hungary exceeded the figures recorded by the second-largest producer, Poland (X tons), sixfold. The third position in this ranking was held by Ukraine (X tons), with a X% share.

In Hungary, maize production expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Ukraine (X% per year).

The average maize yield amounted to X tons per ha in 2022, remaining constant against the previous year's figure. In general, the yield showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2015; however, from 2016 to 2022, the yield stood 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 maize harvested area in Eastern Europe reduced to X ha, waning by X% against the previous year. The harvested area increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the harvested area dedicated to maize production attained the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area failed to regain momentum.

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Maize Exports

Exports in Eastern Europe

Maize exports surged to X tons in 2022, jumping by X% compared with the previous year. In general, exports posted a measured expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, maize exports soared to $X in 2022. Overall, exports continue to indicate temperate growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Poland dominates exports structure, reaching X tons, which was near X% of total exports in 2022. Slovakia (X tons) ranks second in terms of the total exports with a X% share, followed by the Czech Republic (X%) and Romania (X%). The following exporters - Belarus (X tons), Russia (X tons) and Hungary (X tons) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to maize exports from Poland stood at X%. At the same time, Russia (X%), the Czech Republic (X%), Belarus (X%) and Romania (X%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%) and Slovakia (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.), Russia (X p.p.) and the Czech Republic (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hungary (X p.p.) and Slovakia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest maize supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Hungary ($X), together accounting for X% of total exports. Romania, Slovakia, Belarus and Russia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Russia, with a CAGR of X%, recorded 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, which is down by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then dropped remarkably in the following year.

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

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

Maize Imports

Imports in Eastern Europe

In 2022, approx. X tons of maize (green) were imported in Eastern Europe; picking up by X% compared with the previous year. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, maize imports declined modestly to $X in 2022. Over the period under review, imports saw strong growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, Russia (X tons), distantly followed by Poland (X tons), Hungary (X tons), the Czech Republic (X tons), Slovakia (X tons) and Romania (X tons) were the major importers of maize (green), together creating X% of total imports. Bulgaria (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 leading importing countries, was attained by Hungary (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

Hungary, with a CAGR of X%, saw the highest rates of growth with regard to 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. In general, the import price saw a noticeable setback. The pace of growth was the most pronounced in 2021 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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