Eastern Europe: Wheat Market 2024

Wheat Market Size in Eastern Europe

The East European wheat market soared to $X in 2022, increasing by X% against the previous year. The total consumption indicated prominent 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, consumption increased by X% against 2018 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

Wheat Production in Eastern Europe

In value terms, wheat production fell slightly 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

The country with the largest volume of wheat production was Russia (X tons), comprising approx. X% of total volume. Moreover, wheat production in Russia exceeded the figures recorded by the second-largest producer, Ukraine (X tons), threefold. Poland (X tons) ranked third in terms of total production with a X% share.

In Russia, wheat production increased 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: Ukraine (X% per year) and Poland (X% per year).

The average wheat yield fell to X tons per ha in 2022, approximately mirroring 2021. The yield figure increased at an average annual rate of X% 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% against the previous year. Over the period under review, the wheat yield reached the peak level at X tons per ha in 2017; however, from 2018 to 2022, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the harvested area of wheat in Eastern Europe was estimated at X ha, flattening at the year before. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the harvested area increased by X%. The level of harvested area peaked at X ha in 2020; however, from 2021 to 2022, the harvested area remained at a lower figure.

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Wheat Exports

Exports in Eastern Europe

In 2022, the amount of wheat exported in Eastern Europe fell notably to X tons, waning by X% compared with the previous year. Total exports indicated a resilient expansion 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 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, wheat exports reduced to $X in 2022. Total exports indicated resilient 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then fell in the following year.

Exports by Country

In 2022, Russia (X tons), distantly followed by Ukraine (X tons), Romania (X tons), Bulgaria (X tons), Poland (X tons), Lithuania (X tons) and Latvia (X tons) were the main exporters of wheat, together achieving X% of total exports.

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

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

In Russia, wheat exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ukraine (X% per year) and Romania (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, jumping by X% against the previous year. Export price indicated mild 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, wheat export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Ukraine ($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.

Wheat Imports

Imports in Eastern Europe

In 2022, approx. X tons of wheat were imported in Eastern Europe; jumping by X% compared with the previous year. In general, imports enjoyed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wheat imports soared to $X in 2022. Overall, imports posted resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Belarus was the key importing country with an import of about X tons, which amounted to X% of total imports. Romania (X tons) held the second position in the ranking, followed by Poland (X tons), Latvia (X tons) and Hungary (X tons). All these countries together took approx. X% share of total imports. Lithuania (X tons) held a minor share of total imports.

Belarus was also the fastest-growing in terms of the wheat imports, with a CAGR of X% from 2012 to 2022. At the same time, Hungary (X%), Latvia (X%), Romania (X%) and Poland (X%) displayed positive paces of growth. Lithuania experienced a relatively flat trend pattern. From 2012 to 2022, the share of Belarus and Hungary increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a mild expansion 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, wheat import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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