EU: Grain Market 2024

Grain Market Size in the EU

The EU grain market expanded sharply to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period 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 2019 with an increase of X% against the previous year. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Grain Production in the EU

In value terms, grain production dropped slightly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. 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), with a combined X% share 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.

The average grain yield shrank slightly to X tons per ha in 2022, with a decrease of X% against 2021. 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 only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the yield increased by X%. The level of yield peaked at X tons per ha in 2021, and then dropped 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.

In 2022, the total area harvested in terms of grain production in the European Union stood at X ha, remaining stable against the year before. Overall, the harvested area, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the harvested area increased by X%. The level of harvested area peaked 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, overseas shipments of grain 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% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, grain exports soared to $X in 2022. Total exports indicated buoyant 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 was the major exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Romania (X tons), Germany (X tons), Poland (X tons), Bulgaria (X tons) and Hungary (X tons), together creating a X% share of total exports. Lithuania (X tons), the Czech Republic (X tons), Latvia (X tons), Slovakia (X tons) and Croatia (X tons) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to grain exports from France stood at X%. 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. From 2012 to 2022, the share of Poland and Romania increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

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

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, with an increase of 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 attained 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, supplies from abroad of grain was 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% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, grain imports surged to $X in 2022. Total imports indicated a prominent expansion 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 reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of grain imports in 2022 were Spain (X tons), Italy (X tons), the Netherlands (X tons), Germany (X tons) and Belgium (X tons), together finishing at X% of total import. The following importers - Portugal (X tons), Poland (X tons), Austria (X tons), Romania (X tons), Hungary (X tons), Ireland (X tons) and Greece (X tons) - together made up X% of total imports.

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

In value terms, the largest grain importing markets in the European Union were Spain ($X), Italy ($X) and the Netherlands ($X), together accounting for X% 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%, recorded the highest growth rate of the value of imports, among 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 the European Union amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a modest 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 import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

Frequently Asked Questions (FAQ) :