Eastern Europe: Market for Buttermilk And Buttermilk Powder 2024

Market Size for Buttermilk And Buttermilk Powder in Eastern Europe

In 2022, the East European buttermilk and buttermilk powder market increased by 5% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption, however, continues to indicate a perceptible slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Buttermilk And Buttermilk Powder in Eastern Europe

In value terms, buttermilk and buttermilk powder production expanded to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of 11% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Buttermilk And Buttermilk Powder

Exports in Eastern Europe

In 2022, after five years of growth, there was decline in shipments abroad of buttermilk and buttermilk powder, when their volume decreased by -2.1% to X tons. The total export volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 13%. The volume of export peaked at X tons in 2021, and then declined modestly in the following year.

In value terms, buttermilk and buttermilk powder exports declined modestly to $X in 2022. Total exports indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +60.9% against 2016 indices. The pace of growth appeared the most rapid in 2013 with an increase of 21% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped modestly in the following year.

Exports by Country

In 2022, Poland (X tons), Belarus (X tons) and Russia (X tons) was the main exporter of buttermilk and buttermilk powder in Eastern Europe, making up 80% of total export. It was distantly followed by the Czech Republic (X tons), making up a 7.3% share of total exports. The following exporters - Hungary (X tons), Lithuania (X tons) and Estonia (X tons) - together made up 7.6% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Estonia (with a CAGR of +9.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest buttermilk and buttermilk powder supplying countries in Eastern Europe were Poland ($X), Belarus ($X) and Russia ($X), with a combined 76% share of total exports. The Czech Republic, Hungary, Lithuania and Estonia lagged somewhat behind, together accounting for a further 16%.

Hungary, with a CAGR of +14.0%, recorded the highest rates of growth with regard to 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 2022, the export price in Eastern Europe amounted to $X per ton, approximately mirroring the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the export price increased by 18%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Russia ($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 (+4.4%), while the other leaders experienced more modest paces of growth.

Imports of Buttermilk And Buttermilk Powder

Imports in Eastern Europe

In 2022, the amount of buttermilk and buttermilk powder imported in Eastern Europe reached X tons, increasing by 9.6% on 2021. Total imports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2013 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 39%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, buttermilk and buttermilk powder imports rose rapidly to $X in 2022. Total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +112.3% against 2015 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 48%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Russia represented the largest importer of buttermilk and buttermilk powder in Eastern Europe, with the volume of imports recording X tons, which was near 36% of total imports in 2022. It was distantly followed by Poland (X tons), Romania (X tons), Hungary (X tons), the Czech Republic (X tons), Latvia (X tons) and Slovakia (X tons), together committing a 52% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to buttermilk and buttermilk powder imports into Russia stood at +14.3%. At the same time, Poland (+14.7%), Romania (+13.2%), Latvia (+9.2%) and Hungary (+2.4%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +14.7% from 2012-2022. Slovakia and the Czech Republic experienced a relatively flat trend pattern. From 2012 to 2022, the share of Russia, Poland and Romania increased by +14, +5.9 and +3.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported buttermilk and buttermilk powder in Eastern Europe, comprising 34% of total imports. The second position in the ranking was taken by Poland ($X), with a 15% share of total imports. It was followed by Romania, with a 12% share.

In Russia, buttermilk and buttermilk powder imports expanded at an average annual rate of +13.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+11.9% per year) and Romania (+14.8% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, picking up by 4% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 13% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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