Eastern Europe: Cream Market 2021

Cream Market Size in Eastern Europe

The East European cream market expanded modestly to $X in 2020, with an increase of X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, the market attained the peak level in 2020 and is likely to see gradual growth in the near future.

Cream Production in Eastern Europe

In value terms, cream production expanded significantly to $X in 2020 estimated in export prices. The total production indicated notable growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% y-o-y. Over the period under review, production attained the maximum level in 2020 and is expected to retain growth in the immediate term.

Production By Country in Eastern Europe

The countries with the highest volumes of cream production in 2020 were Poland (X tons), the Czech Republic (X tons) and Russia (X tons), with a combined X% share of total production. Lithuania, Romania, Belarus and Bulgaria lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of cream production, amongst the main producing countries, was attained by Belarus, while cream production for the other leaders experienced more modest paces of growth.

Cream Exports

Exports in Eastern Europe

In 2020, shipments abroad of cream increased by X% to X tons, rising for the eleventh consecutive year after two years of decline. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. The volume of export peaked in 2020 and is likely to see gradual growth in the immediate term.

In value terms, cream exports expanded remarkably to $X in 2020. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2010 when exports increased by X% against the previous year. The level of export peaked in 2020 and is likely to see steady growth in the immediate term.

Exports by Country

In 2020, the Czech Republic (X tons) and Poland (X tons) were the key exporters of cream in Eastern Europe, together comprising X% of total exports. Lithuania (X tons) ranks next in terms of the total exports with a X% share, followed by Slovakia (X%).

From 2007 to 2020, the biggest increases were in the Czech Republic, while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cream supplying countries in Eastern Europe were Poland ($X), the Czech Republic ($X) and Lithuania ($X), with a combined X% share of total exports.

The Czech Republic saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the cream export price in Eastern Europe amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2011 when the export price increased by X% year-to-year. The level of export peaked at $X per ton in 2015; afterwards, it flattened through to 2020.

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Lithuania ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Lithuania, while the other leaders experienced mixed trends in the export price figures.

Cream Imports

Imports in Eastern Europe

Cream imports rose markedly to X tons in 2020, with an increase of X% compared with 2019. Over the period under review, imports recorded a resilient increase. The pace of growth was the most pronounced in 2010 when imports increased by X% against the previous year. The volume of import peaked in 2020 and is likely to see gradual growth in years to come.

In value terms, cream imports reached $X in 2020. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. The level of import peaked in 2020 and is expected to retain growth in the immediate term.

Imports by Country

In 2020, the Czech Republic (X tons), distantly followed by Russia (X tons), Romania (X tons), Slovakia (X tons), Hungary (X tons) and Poland (X tons) represented the main importers of cream, together creating X% of total imports.

From 2007 to 2020, the biggest increases were in Romania, while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cream importing markets in Eastern Europe were the Czech Republic ($X), Hungary ($X) and Poland ($X), together comprising X% of total imports. These countries were followed by Romania, Russia and Slovakia, which together accounted for a further X terms of the main importing countries, Romania recorded 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 cream import price in Eastern Europe stood at $X per ton in 2020, flattening at the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2010 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Hungary ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Hungary, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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