Ukraine: Oil Crops Market 2024

Oil Crops Market Size in Ukraine

The Ukrainian oil crops market contracted remarkably to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Oil crops consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Oil Crops Production in Ukraine

In value terms, oil crops production reduced to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

In 2022, the average oil crops yield in Ukraine contracted to X tons per ha, which is down by X% on 2021 figures. 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The oil crops yield peaked at X tons per ha in 2021, and then contracted 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 oil crops (primary) production in Ukraine reduced modestly to X ha, approximately mirroring 2021. The harvested area increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2014 when the harvested area increased by X% against the previous year. Over the period under review, the harvested area dedicated to oil crops production attained the maximum at X ha in 2021, and then dropped slightly in the following year.

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Oil Crops Exports

Exports from Ukraine

In 2022, after two years of decline, there was significant growth in shipments abroad of oil crops (primary), when their volume increased by X% to X tons. In general, exports continue to indicate a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, oil crops exports surged to $X in 2022. Overall, exports showed a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Romania (X tons), Turkey (X tons) and Bulgaria (X tons) were the main destinations of oil crops exports from Ukraine, together comprising X% of total exports. Poland, Germany, Hungary, Belgium, France, the Netherlands, Italy, Slovakia, the UK and Moldova lagged somewhat behind, together comprising a further X%.

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

In value terms, Romania ($X), Turkey ($X) and Poland ($X) appeared to be the largest markets for oil crops exported from Ukraine worldwide, together accounting for X% of total exports. Bulgaria, Germany, Hungary, Belgium, France, the Netherlands, Slovakia, Italy, Moldova and the UK lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average oil crops export price amounted to $X per ton, reducing by X% against the previous year. Over the period under review, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Turkey ($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 Moldova (X%), while the prices for the other major destinations experienced more modest paces of growth.

Oil Crops Imports

Imports into Ukraine

In 2022, after six years of growth, there was significant decline in supplies from abroad of oil crops (primary), when their volume decreased by X% to X tons. Over the period under review, imports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then dropped notably in the following year.

In value terms, oil crops imports dropped notably to $X in 2022. In general, total imports indicated a slight 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. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of oil crops to Ukraine, with a X% share of total imports. Moreover, oil crops imports from Poland exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. The United States (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (X% per year) and the United States (X% per year).

In value terms, Turkey ($X), the United States ($X) and France ($X) were the largest oil crops suppliers to Ukraine, together comprising X% of total imports. Germany, Spain, Poland, Chile, Hungary, Moldova, India, the Czech Republic and Switzerland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Switzerland, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the average oil crops import price amounted to $X per ton, rising by X% against the previous year. Overall, the import price, however, saw a noticeable reduction. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Chile ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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