Eastern Europe: Cereal Germ Market 2024

Cereal Germ Market Size in Eastern Europe

The East European cereal germ market contracted significantly to $X in 2021, waning by -16.6% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped significantly in the following year.

Cereal Germ Production in Eastern Europe

In value terms, cereal germ production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. As a result, production attained the peak level of $X, and then fell in the following year.

Cereal Germ Exports

Exports in Eastern Europe

In 2021, the amount of cereal germ exported in Eastern Europe skyrocketed to X tons, with an increase of 22% against 2020. Total exports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +101.1% against 2012 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 24% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, cereal germ exports soared to $X in 2021. Total exports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.1% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from Hungary (X tons), Russia (X tons) and Bulgaria (X tons), together resulting at 80% of total export. Slovakia (X tons) ranks next in terms of the total exports with an 11% share, followed by Romania (6.7%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Hungary (with a CAGR of +35.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cereal germ supplying countries in Eastern Europe were Hungary ($X), Russia ($X) and Bulgaria ($X), together accounting for 82% of total exports.

Among the main exporting countries, Hungary, with a CAGR of +36.5%, 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 2021, rising by 34% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Bulgaria ($X per ton) and Russia ($X per ton), while Romania ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+0.6%), while the other leaders experienced mixed trends in the export price figures.

Cereal Germ Imports

Imports in Eastern Europe

In 2021, the amount of cereal germ imported in Eastern Europe reached X tons, surging by 9.7% on 2020. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 78%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, cereal germ imports surged to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 81% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Hungary represented the main importer of cereal germ in Eastern Europe, with the volume of imports amounting to X tons, which was near 51% of total imports in 2021. Bulgaria (X tons) took a 17% share (based on physical terms) of total imports, which put it in second place, followed by Poland (16%) and Romania (14%).

Hungary experienced a relatively flat trend pattern with regard to volume of imports of cereal germ. At the same time, Poland (+38.8%) and Romania (+17.7%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +38.8% from 2012-2021. Bulgaria experienced a relatively flat trend pattern. While the share of Poland (+16 p.p.) and Romania (+11 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X) constitutes the largest market for imported cereal germ in Eastern Europe, comprising 52% of total imports. The second position in the ranking was taken by Bulgaria ($X), with a 16% share of total imports. It was followed by Romania, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Hungary was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Bulgaria (-1.8% per year) and Romania (+19.2% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, picking up by 37% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Romania ($X per ton) and Hungary ($X per ton), while Poland ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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