Eastern Europe: Soybean Oilcake Market 2024

Soybean Oilcake Market Size in Eastern Europe

For the third year in a row, the East European soybean oilcake market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, showed a slight setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Soybean Oilcake Production in Eastern Europe

In value terms, soybean oilcake production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Soybean Oilcake Exports

Exports in Eastern Europe

In 2022, shipments abroad of soybean oilcake decreased by X% to X tons, falling for the third year in a row after three years of growth. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by X%. The volume of export peaked at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, soybean oilcake exports expanded modestly to $X in 2022. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Russia represented the key exporter of soybean oilcake in Eastern Europe, with the volume of exports recording X tons, which was approx. X% of total exports in 2022. Ukraine (X tons) held the second position in the ranking, distantly followed by Belarus (X tons), Romania (X tons), Poland (X tons) and Hungary (X tons). All these countries together held near X% share of total exports. Latvia (X tons) held a little share of total exports.

Exports from Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Ukraine (X%), Hungary (X%), Belarus (X%), Latvia (X%), Poland (X%) and Romania (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Russia, Ukraine, Hungary and Belarus increased by X, X, X and X percentage points, respectively.

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

In Russia, soybean oilcake exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Ukraine (X% per year) and Belarus (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Export price indicated a tangible increase 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, soybean oilcake export price increased by X% against 2019 indices. 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 years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Russia ($X per ton) and Poland ($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.

Soybean Oilcake Imports

Imports in Eastern Europe

After five years of growth, supplies from abroad of soybean oilcake decreased by X% to X tons in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, soybean oilcake imports rose remarkably to $X in 2022. Total imports indicated modest growth 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Poland (X tons) was the largest importer of soybean oilcake, generating X% of total imports. It was distantly followed by Hungary (X tons), Romania (X tons), Belarus (X tons) and the Czech Republic (X tons), together committing a X% share of total imports. The following importers - Lithuania (X tons) and Latvia (X tons) - each finished at a X% share of total imports.

Poland was also the fastest-growing in terms of the soybean oilcake imports, with a CAGR of X% from 2012 to 2022. At the same time, Lithuania (X%), Belarus (X%) and Latvia (X%) displayed positive paces of growth. Romania and the Czech Republic experienced a relatively flat trend pattern. By contrast, Hungary (X%) illustrated a downward trend over the same period. While the share of Poland (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Romania (X p.p.), the Czech Republic (X p.p.) and Hungary (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported soybean oilcake in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Hungary ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland stood at X%. In the other countries, the average annual rates were as follows: Hungary (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

Frequently Asked Questions (FAQ) :