Eastern Europe: Cream Fresh Market 2024

Cream Fresh Market Size in Eastern Europe

In 2022, the East European cream fresh market decreased by -2.4% to $X, falling for the fourth consecutive year after two years of growth. Over the period under review, consumption showed a perceptible curtailment. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Cream Fresh Production in Eastern Europe

In value terms, cream fresh production shrank slightly to $X in 2022 estimated in export price. Overall, production, however, showed a noticeable decline. The growth pace was the most rapid in 2017 when the production volume increased by 42%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Poland (X tons), Russia (X tons) and Lithuania (X tons), together accounting for 68% of total production. Romania, the Czech Republic, Belarus and Slovakia lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Belarus (with a CAGR of +5.7%), while production for the other leaders experienced more modest paces of growth.

Cream Fresh Exports

Exports in Eastern Europe

Cream fresh exports surged to X tons in 2022, picking up by 15% against 2021. The total export volume increased at an average annual rate of +5.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 18%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, cream fresh exports soared to $X in 2022. Overall, exports saw prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 68% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, Poland (X tons) and Lithuania (X tons) were the key exporters of cream fresh in Eastern Europe, together resulting at near 66% of total exports. Belarus (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (5.2%). The following exporters - Hungary (X tons), Slovakia (X tons) and Latvia (X tons) - together made up 11% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hungary (with a CAGR of +33.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cream fresh supplying countries in Eastern Europe were Poland ($X), Lithuania ($X) and Belarus ($X), with a combined 79% share of total exports. The Czech Republic, Hungary, Latvia and Slovakia lagged somewhat behind, together accounting for a further 17%.

Among the main exporting countries, Hungary, with a CAGR of +41.8%, recorded the highest growth rate of 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

In 2022, the export price in Eastern Europe amounted to $X per ton, growing by 25% against the previous year. Export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, cream fresh export price increased by +55.3% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of 44% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Hungary ($X per ton) and Lithuania ($X per ton), while Slovakia ($X per ton) and Belarus ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+6.4%), while the other leaders experienced more modest paces of growth.

Cream Fresh Imports

Imports in Eastern Europe

In 2022, imports of cream fresh in Eastern Europe reached X tons, picking up by 5.4% compared with the previous year's figure. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 when imports increased by 39% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, cream fresh imports soared to $X in 2022. Over the period under review, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 71% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland represented the main importing country with an import of about X tons, which resulted at 36% of total imports. Russia (X tons) held the second position in the ranking, followed by Slovakia (X tons), Romania (X tons), Latvia (X tons), Hungary (X tons) and the Czech Republic (X tons). All these countries together held approx. 57% share of total imports.

Imports into Poland increased at an average annual rate of +15.1% from 2012 to 2022. At the same time, Latvia (+22.0%), Romania (+20.1%), Slovakia (+13.4%), Russia (+4.1%) and Hungary (+3.4%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +22.0% from 2012-2022. By contrast, the Czech Republic (-3.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Latvia, Romania and Slovakia increased by +15, +5.6, +5.6 and +3.5 percentage points, respectively.

In value terms, Poland ($X) constitutes the largest market for imported cream fresh in Eastern Europe, comprising 42% of total imports. The second position in the ranking was taken by Russia ($X), with a 14% share of total imports. It was followed by Slovakia, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Poland stood at +21.1%. In the other countries, the average annual rates were as follows: Russia (+4.2% per year) and Slovakia (+17.6% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, growing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2017 an increase of 33% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is likely to continue 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 Poland ($X per ton), while Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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