Eastern Europe: Rye Market 2024

Rye Market Size in Eastern Europe

The East European rye market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption, however, showed a perceptible slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Rye Production in Eastern Europe

In value terms, rye production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

The countries with the highest volumes of production in 2022 were Poland (X tons), Russia (X tons) and Belarus (X tons), together comprising X% of total production. Ukraine, Latvia and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of X%), while production for the other leaders experienced mixed trends in the production figures.

The average rye yield amounted to X tons per ha in 2022, with an increase of X% on the previous year's figure. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the yield increased by X%. As a result, the yield attained the peak level of X tons per ha. From 2021 to 2022, the growth of the rye yield remained 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 rye production in Eastern Europe totaled X ha, leveling off at the previous year. Over the period under review, the harvested area, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X%. As a result, the harvested area attained the peak level of X ha. From 2014 to 2022, the growth of the rye harvested area remained at a lower figure.

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Rye Exports

Exports in Eastern Europe

In 2022, overseas shipments of rye decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2021, and then shrank remarkably in the following year.

In value terms, rye exports reduced remarkably to $X in 2022. In general, exports, however, saw a perceptible increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped significantly in the following year.

Exports by Country

Poland (X tons) and Russia (X tons) represented roughly X% of total exports in 2022. Latvia (X tons) took the next position in the ranking, followed by Ukraine (X tons). All these countries together held near X% share of total exports. The following exporters - Lithuania (X tons) and the Czech Republic (X tons) - each amounted to a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest rye supplying countries in Eastern Europe were Poland ($X), Russia ($X) and Latvia ($X), together accounting for X% of total exports. Ukraine, Lithuania and the Czech Republic lagged somewhat behind, together comprising a further X%.

Ukraine, 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

The export price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Export price indicated slight growth 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, rye export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Poland ($X per ton) and Lithuania ($X per ton), while Ukraine ($X per ton) and Latvia ($X per ton) were amongst the lowest.

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

Rye Imports

Imports in Eastern Europe

In 2022, approx. X tons of rye were imported in Eastern Europe; dropping by X% compared with the previous year's figure. Over the period under review, imports showed a deep contraction. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, rye imports declined to $X in 2022. In general, imports recorded a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Latvia (X tons) represented the major importer of rye, comprising X% of total imports. Poland (X tons) held the second position in the ranking, followed by the Czech Republic (X tons), Estonia (X tons), Lithuania (X tons), Hungary (X tons) and Belarus (X tons). All these countries together held approx. X% share of total imports.

Imports into Latvia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Hungary (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Estonia experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%), Poland (X%) and Lithuania (X%) illustrated a downward trend over the same period. Latvia (X p.p.), Estonia (X p.p.), Hungary (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total imports, while Poland and Lithuania saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Latvia ($X), Poland ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Estonia, Lithuania, Belarus and Hungary lagged somewhat behind, together comprising a further X%.

Belarus, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2022, the import price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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