Eastern Europe: Oil Crops Market 2024

Oil Crops Market Size in Eastern Europe

The East European oil crops market dropped modestly to $X in 2022, waning by 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 throughout the analyzed period. The level of consumption peaked at $X in 2021, and then declined in the following year.

Oil Crops Production in Eastern Europe

In value terms, oil crops production shrank 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; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by Romania (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average oil crops yield in Eastern Europe dropped to X tons per ha, with a decrease of X% on the previous year. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when the yield increased by X% against the previous year. The level of yield peaked at X tons per ha in 2019; however, from 2020 to 2022, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The oil crops harvested area contracted to X ha in 2022, which is down by X% on the year before. The harvested area 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 most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the harvested area reached the peak level of X ha, and then reduced in the following year.

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Oil Crops Exports

Exports in Eastern Europe

In 2022, overseas shipments of oil crops (primary) were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Total exports 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. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, oil crops exports skyrocketed 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 2015 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Ukraine (X tons) was the key exporter of oil crops (primary), committing X% of total exports. It was distantly followed by Romania (X tons), Russia (X tons), Bulgaria (X tons) and Hungary (X tons), together constituting a X% share of total exports. The following exporters - Slovakia (X tons) and Lithuania (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to oil crops exports from Ukraine stood at X%. At the same time, Romania (X%), Russia (X%) and Lithuania (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Bulgaria (X%), Slovakia (X%) and Hungary (X%) illustrated a downward trend over the same period. Ukraine (X p.p.), Romania (X p.p.) and Russia (X p.p.) significantly strengthened its position in terms of the total exports, while Slovakia, Bulgaria and Hungary saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In terms of the main exporting countries, Romania, 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

The export price in Eastern Europe stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then fell slightly in the following year.

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

Oil Crops Imports

Imports in Eastern Europe

In 2022, approx. X tons of oil crops (primary) were imported in Eastern Europe; with an increase of X% against 2021 figures. Over the period under review, imports showed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, oil crops imports skyrocketed to $X in 2022. Overall, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Russia (X tons), Poland (X tons), Romania (X tons), Bulgaria (X tons), Hungary (X tons) and Belarus (X tons) represented the main importer of oil crops (primary) in Eastern Europe, comprising X% of total import. It was distantly followed by the Czech Republic (X tons), mixing up a X% share of total imports.

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

In value terms, the largest oil crops importing markets in Eastern Europe were Russia ($X), Poland ($X) and Romania ($X), with a combined X% share of total imports. Bulgaria, Belarus, Hungary and the Czech Republic lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Belarus, 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, surging by X% against the previous year. Overall, the import price, however, showed 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 hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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