Eastern Europe: Market for Peel Of Citrus Fruit Or Melons 2024

Market Size for Peel Of Citrus Fruit Or Melons in Eastern Europe

In 2021, after three years of growth, there was decline in the East European market for peel of citrus fruit or melons, when its value decreased by -3.3% to $X. The market value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then shrank slightly in the following year.

Production of Peel Of Citrus Fruit Or Melons in Eastern Europe

In value terms, citrus fruit or melons peel production dropped slightly 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 indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 when the production volume increased by 23%. The level of production peaked at $X in 2020, and then reduced in the following year.

Exports of Peel Of Citrus Fruit Or Melons

Exports in Eastern Europe

In 2021, overseas shipments of peel of citrus fruit or melons increased by 30% to X tons, rising for the second consecutive year after two years of decline. Total exports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +37.3% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by 42%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, citrus fruit or melons peel exports fell to $X in 2021. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2017 when exports increased by 60%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Latvia (X tons) and Poland (X tons) were the largest exporters of peel of citrus fruit or melons in 2021, recording approx. 34% and 33% of total exports, respectively. The Czech Republic (X tons) held the next position in the ranking, followed by Lithuania (X tons) and Russia (X tons). All these countries together held near 29% share of total exports. Ukraine (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Russia (with a CAGR of +106.1%), while the other leaders experienced more modest paces of growth.

In value terms, Lithuania ($X), Latvia ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2021, together comprising 76% of total exports. The Czech Republic, Russia and Ukraine lagged somewhat behind, together comprising a further 22%.

Russia, with a CAGR of +96.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The export price in Eastern Europe stood at $X per ton in 2021, shrinking by -27% against the previous year. Overall, the export price, however, posted a notable increase. The pace of growth appeared the most rapid in 2018 when the export price increased by 52%. The level of export peaked at $X per ton in 2020, and then contracted sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Ukraine ($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 (+6.3%), while the other leaders experienced mixed trends in the export price figures.

Imports of Peel Of Citrus Fruit Or Melons

Imports in Eastern Europe

Citrus fruit or melons peel imports surged to X tons in 2021, picking up by 31% compared with the previous year's figure. Total imports indicated slight growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +41.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 47%. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, citrus fruit or melons peel imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +55.2% against 2019 indices. The most prominent rate of growth was recorded in 2018 with an increase of 32%. The level of import peaked in 2021 and is expected to retain growth in years to come.

Imports by Country

In 2021, Poland (X tons) was the key importer of peel of citrus fruit or melons, constituting 57% of total imports. Russia (X tons) held a 22% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (6.1%). The following importers - Ukraine (X tons), Hungary (X tons) and Latvia (X tons) - together made up 9.6% of total imports.

Imports into Poland decreased at an average annual rate of -1.9% from 2012 to 2021. At the same time, Latvia (+19.4%), Hungary (+14.7%), Russia (+8.6%), the Czech Republic (+7.9%) and Ukraine (+6.5%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +19.4% from 2012-2021. While the share of Russia (+10 p.p.), the Czech Republic (+2.6 p.p.), Latvia (+2 p.p.) and Hungary (+2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Poland (-19.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported peel of citrus fruit or melons in Eastern Europe, comprising 50% of total imports. The second position in the ranking was taken by Russia ($X), with a 22% share of total imports. It was followed by the Czech Republic, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Poland totaled +5.6%. In the other countries, the average annual rates were as follows: Russia (+4.5% per year) and the Czech Republic (+13.2% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, with a decrease of -5.3% against the previous year. Import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, citrus fruit or melons peel import price increased by +39.8% against 2018 indices. The pace of growth appeared the most rapid in 2019 an increase of 27%. The level of import peaked at $X per ton in 2020, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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