Eastern Europe: Maize Market 2024

Maize Market Size in Eastern Europe

The East European maize market shrank to $X in 2022, approximately mirroring the previous year. The total consumption indicated a perceptible 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, consumption increased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Maize Production in Eastern Europe

In value terms, maize production shrank modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

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

In Ukraine, maize 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: Russia (X% per year) and Romania (X% per year).

The average maize yield shrank to X tons per ha in 2022, with a decrease of X% compared with the previous year's figure. The yield figure 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. The growth pace was the most rapid in 2013 when the yield increased by X%. Over the period under review, the maize yield reached the peak level at X tons per ha in 2018; however, from 2019 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 total area harvested in terms of maize production in Eastern Europe declined modestly to X ha, waning by X% against the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 when the harvested area increased by X% against the previous year. The level of harvested area peaked at X ha in 2021, and then shrank modestly in the following year.

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Maize Exports

Exports in Eastern Europe

In 2022, shipments abroad of maize decreased by X% to X tons, falling for the third consecutive year after three years of growth. Total exports indicated a temperate 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. Based on 2022 figures, exports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, maize exports rose remarkably to $X in 2022. Total exports indicated a buoyant 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

Ukraine represented the major exporter of maize in Eastern Europe, with the volume of exports reaching X tons, which was near X% of total exports in 2022. Romania (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Poland (X%), Russia (X%) and Hungary (X%). The following exporters - Moldova (X tons) and Slovakia (X tons) - each accounted for a X% share of total exports.

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

In value terms, Ukraine ($X) remains the largest maize supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by Poland, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ukraine stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (X% per year) and Poland (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: 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 Hungary (X%), while the other leaders experienced more modest paces of growth.

Maize Imports

Imports in Eastern Europe

In 2022, approx. X tons of maize were imported in Eastern Europe; growing by X% compared with 2021. In general, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, maize imports soared to $X in 2022. Over the period under review, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the three major importers of maize, namely Poland, Hungary and Romania, represented more than two-thirds of total import. It was distantly followed by Slovakia (X tons), creating a X% share of total imports. The following importers - Lithuania (X tons), Latvia (X tons) and the Czech Republic (X tons) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key 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 ($X), Hungary ($X) and Romania ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Slovakia, the Czech Republic, Lithuania and Latvia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Latvia, 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, falling by X% against the previous year. Overall, the import price saw a noticeable contraction. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, 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 Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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