Eastern Europe: Market for Yoghurt and Fermented Milk 2024

Market Size for Yoghurt and Fermented Milk in Eastern Europe

In 2022, after three years of growth, there was significant decline in the East European yoghurt and fermented milk market, when its value decreased by X% to $X. Overall, consumption showed a deep setback. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Yoghurt and Fermented Milk in Eastern Europe

In value terms, yoghurt and fermented milk production reduced dramatically to $X in 2022 estimated in export price. In general, production saw a deep slump. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2021, and then reduced rapidly in the following year.

The country with the largest volume of yoghurt and fermented milk production was Ukraine (X tons), comprising approx. X% of total volume. Moreover, yoghurt and fermented milk production in Ukraine exceeded the figures recorded by the second-largest producer, Belarus (X tons), twofold. Romania (X tons) ranked third in terms of total production with a X% share.

In Ukraine, yoghurt and fermented milk production plunged by 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: Belarus (X% per year) and Romania (X% per year).

Exports of Yoghurt and Fermented Milk

Exports in Eastern Europe

In 2022, the amount of yoghurt and fermented milk exported in Eastern Europe contracted slightly to X tons, shrinking by X% on the previous year. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then shrank in the following year.

In value terms, yoghurt and fermented milk exports expanded slightly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Poland (X tons) and Belarus (X tons) were the main exporters of yoghurt and fermented milk in 2022, recording approx. X% and X% of total exports, respectively. The Czech Republic (X tons) ranks next in terms of the total exports with a X% share, followed by Russia (X%) and Romania (X%). Estonia (X tons) and Hungary (X tons) held a relatively small share of total exports.

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

In value terms, Poland ($X), Belarus ($X) and Russia ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. The Czech Republic, Romania, Hungary and Estonia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Romania, with a CAGR of X%, saw 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

In 2022, the export price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2014; afterwards, it flattened through to 2022.

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 Hungary ($X per ton), while Belarus ($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.

Imports of Yoghurt and Fermented Milk

Imports in Eastern Europe

In 2022, overseas purchases of yoghurt and fermented milk decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. The total import volume 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 pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, yoghurt and fermented milk imports declined significantly to $X in 2022. Total imports indicated a modest 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. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2021, and then reduced remarkably in the following year.

Imports by Country

In 2022, Poland (X tons), Hungary (X tons) and Romania (X tons) represented the key importer of yoghurt and fermented milk in Eastern Europe, committing X% of total import. The Czech Republic (X tons) ranks next in terms of the total imports with an X% share, followed by Slovakia (X%), Latvia (X%), Lithuania (X%) and Bulgaria (X%).

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

In value terms, the largest yoghurt and fermented milk importing markets in Eastern Europe were Poland ($X), Romania ($X) and Hungary ($X), together comprising X% of total imports. Slovakia, the Czech Republic, Latvia, Lithuania and Bulgaria lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bulgaria, with a CAGR of X%, saw 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

The import price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Slovakia ($X per ton) and Lithuania ($X per ton), while Latvia ($X per ton) and Hungary ($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

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