Eastern Europe: Biological Product Market 2024

Biological Product Market Size in Eastern Europe

The East European biological product market dropped to $X in 2022, falling by X% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Biological Product Production in Eastern Europe

In value terms, biological product production fell modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Biological Product Exports

Exports in Eastern Europe

In 2022, after two years of growth, there was decline in shipments abroad of biological products, when their volume decreased by X% to X tons. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped slightly in the following year.

In value terms, biological product exports declined sharply to $X in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of export peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

Poland (X tons) and Russia (X tons) dominates exports structure, together making up X% of total exports. Hungary (X tons) ranks next in terms of the total exports with a X% share, followed by the Czech Republic (X%).

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

In value terms, the largest biological product supplying countries in Eastern Europe were Russia ($X), Hungary ($X) and Poland ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Russia, with a CAGR of X%, saw the highest rates of growth with regard to 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

The export price in Eastern Europe stood at $X per ton in 2022, declining by X% against the previous year. Export price indicated modest growth 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, biological product export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Poland ($X per ton) was amongst the lowest.

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

Biological Product Imports

Imports in Eastern Europe

In 2022, overseas purchases of biological products decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then dropped dramatically in the following year.

In value terms, biological product imports contracted dramatically to $X in 2022. Overall, imports, however, continue to indicate a buoyant expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then fell dramatically in the following year.

Imports by Country

Russia was the key importer of biological products in Eastern Europe, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Poland (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (X%), the Czech Republic (X%), Lithuania (X%) and Ukraine (X%). Romania (X tons) and Bulgaria (X tons) held a minor share of total imports.

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

In value terms, Russia ($X), Poland ($X) and Hungary ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Hungary, 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

The import price in Eastern Europe stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price posted prominent growth. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Lithuania ($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.

Source: IndexBox Platform

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