EU: Grain Market 2024

Grain Market Size in the EU

The EU grain market rose notably to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of consumption peaked in 2022 and is likely to see gradual growth in the near future.

Grain Production in the EU

In value terms, grain production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

The countries with the highest volumes of production in 2022 were France (X tons), Germany (X tons) and Poland (X tons), together comprising X% of total production. Spain, Romania, Italy, Hungary, Bulgaria, Denmark, the Czech Republic, Lithuania and Austria lagged somewhat behind, together accounting for a further X%.

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

In 2022, the average grain yield in the European Union reduced modestly to X tons per ha, with a decrease of X% compared with 2021. The yield figure increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of yield peaked at X tons per ha in 2021, and then shrank in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The grain harvested area amounted to X ha in 2022, remaining constant against the year before. In general, the harvested area, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the harvested area increased by X%. Over the period under review, the harvested area dedicated to grain production reached the maximum at X ha in 2014; however, from 2015 to 2022, the harvested area failed to regain momentum.

Grain Exports

Exports in the EU

In 2022, shipments abroad of cereal grains decreased by X% to X tons, falling for the second consecutive year after two years of growth. 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, grain exports surged 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 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

France represented the key exporter of cereal grains in the European Union, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Romania (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%), Poland (X%), Bulgaria (X%) and Hungary (X%). Lithuania (X tons), the Czech Republic (X tons), Latvia (X tons), Slovakia (X tons) and Croatia (X tons) followed a long way behind the leaders.

Exports from France increased at an average annual rate of X% from 2012 to 2022. At the same time, Poland (X%), Croatia (X%), Slovakia (X%), Romania (X%), Latvia (X%), Lithuania (X%), Bulgaria (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Germany 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.) and Romania (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Germany (X p.p.), Hungary (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) remains the largest grain supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Romania ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value in France stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Romania (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, growing by X% against the previous year. Export price indicated a noticeable 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, grain export price increased by X% against 2016 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

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

Grain Imports

Imports in the EU

In 2022, overseas purchases of cereal grains were finally on the rise to reach X tons for the first time since 2018, thus ending a three-year declining trend. The total import volume 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 pace of growth appeared the most rapid in 2014 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, grain imports surged to $X in 2022. Total imports 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, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Spain (X tons), Italy (X tons), the Netherlands (X tons), Germany (X tons) and Belgium (X tons) represented roughly X% of total imports in 2022. Portugal (X tons), Poland (X tons), Austria (X tons), Romania (X tons), Hungary (X tons), Ireland (X tons) and Greece (X tons) followed a long way behind the leaders.

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

In value terms, Spain ($X), Italy ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Germany, Belgium, Portugal, Poland, Austria, Romania, Hungary, Greece and Ireland lagged somewhat behind, together comprising a further X%.

Hungary, with a CAGR of X%, saw the highest growth rate of 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

The import price in the European Union stood at $X per ton in 2022, picking up by X% against the previous year. Import price indicated a mild 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, grain import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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