Eastern Europe: Non-Wheat Cereal Pellets Market 2024

Non-Wheat Cereal Pellets Market Size in Eastern Europe

The East European non-wheat cereal pellets market expanded to $X in 2021, growing by 1.6% against the previous year. The total consumption indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -1.4% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Non-Wheat Cereal Pellets Production in Eastern Europe

In value terms, non-wheat cereal pellets production reduced modestly to $X in 2021 estimated in export price. The total production indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +101.0% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 46% against the previous year. The level of production peaked at $X in 2020, and then fell slightly in the following year.

Non-Wheat Cereal Pellets Exports

Exports in Eastern Europe

In 2021, exports of cereal pellets (excluding wheat) in Eastern Europe reduced dramatically to X tons, dropping by -34.5% against the year before. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 263% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, non-wheat cereal pellets exports shrank notably to $X in 2021. Overall, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 228%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Bulgaria (X tons), Slovakia (X tons) and Romania (X tons), together recording 78% of total export. It was distantly followed by Hungary (X tons), committing a 12% share of total exports. The following exporters - Poland (X tons) and Russia (X tons) - each amounted to a 7.7% share of total exports.

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 +49.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest non-wheat cereal pellets supplying countries in Eastern Europe were Bulgaria ($X), Romania ($X) and Slovakia ($X), together accounting for 78% of total exports.

In terms of the main exporting countries, Bulgaria, with a CAGR of +47.0%, 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, which is down by -6.1% against the previous year. Over the period under review, the export price recorded a slight slump. The growth pace was the most rapid in 2015 when the export price increased by 22%. Over the period under review, the export prices attained the maximum at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+2.9%), while the other leaders experienced a decline in the export price figures.

Non-Wheat Cereal Pellets Imports

Imports in Eastern Europe

In 2021, supplies from abroad of cereal pellets (excluding wheat) decreased by -28.3% to X tons, falling for the second consecutive year after five years of growth. Over the period under review, imports, however, recorded notable growth. The most prominent rate of growth was recorded in 2017 when imports increased by 63% against the previous year. The volume of import peaked at X tons in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, non-wheat cereal pellets imports declined markedly to $X in 2021. In general, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 88%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of non-wheat cereal pellets imports in 2021 were Slovakia (X tons), Romania (X tons) and the Czech Republic (X tons), together amounting to 92% of total import. Poland (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +31.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Romania ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2021, together comprising 83% of total imports. Poland lagged somewhat behind, comprising a further 6.7%.

Among the main importing countries, Poland, with a CAGR of +24.0%, saw the highest rates of growth with regard to 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 2021, jumping by 17% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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