Ukraine: Cereal Germ Market 2024

Cereal Germ Market Size in Ukraine

In 2022, the Ukrainian cereal germ market decreased by X% to $X, falling for the second consecutive year after four years of growth. In general, consumption, however, enjoyed a buoyant increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Cereal Germ Production in Ukraine

In value terms, cereal germ production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Cereal germ production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

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Cereal Germ Exports

Exports from Ukraine

In 2022, shipments abroad of cereal germ increased by X% to X tons, rising for the fourth consecutive year after two years of decline. In general, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X,367% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, cereal germ exports skyrocketed to $X in 2022. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2021 when exports increased by X,525%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons) was the main destination for cereal germ exports from Ukraine, accounting for a X% share of total exports. Moreover, cereal germ exports to Romania exceeded the volume sent to the second major destination, Turkey (X tons), sixfold. The third position in this ranking was held by Latvia (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Latvia (X% per year).

In value terms, Romania ($X) emerged as the key foreign market for cereal germ exports from Ukraine, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Latvia (X% per year).

Export Prices by Country

The average cereal germ export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%).

Cereal Germ Imports

Imports into Ukraine

For the third year in a row, Ukraine recorded growth in purchases abroad of cereal germ, which increased by X% to X tons in 2022. Over the period under review, imports posted significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, cereal germ imports stood at $X in 2022. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the Netherlands (X tons) was the main supplier of cereal germ to Ukraine, accounting for a X% share of total imports. Moreover, cereal germ imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Belgium (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cereal germ to Ukraine, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Germany (X% per year).

Import Prices by Country

The average cereal germ import price stood at $X per ton in 2022, which is down by X% against the previous year. Overall, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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