Eastern Europe: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Eastern Europe

After two years of growth, the East European rusks and toasted bread market decreased by -14.1% to $X in 2021. In general, consumption saw a pronounced slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Rusks, Toasted Bread and Similar Toasted Products in Eastern Europe

In value terms, rusks and toasted bread production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 12% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports in Eastern Europe

In 2021, the amount of rusks, toasted bread and similar toasted products exported in Eastern Europe reached X tons, surging by 9.7% against the previous year. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +93.1% against 2012 indices. The pace of growth was the most pronounced in 2013 when exports increased by 16% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, rusks and toasted bread exports skyrocketed to $X in 2021. Total exports indicated a buoyant expansion 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, exports increased by +68.3% against 2016 indices. The growth pace was the most rapid in 2018 with an increase of 20%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons), Poland (X tons) and Bulgaria (X tons) represented roughly 64% of total exports in 2021. Lithuania (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Romania (10%) and Ukraine (7%). Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Romania (with a CAGR of +32.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X), Russia ($X) and Poland ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 64% share of total exports. These countries were followed by Romania, Ukraine, Lithuania and Latvia, which together accounted for a further 30%.

Romania, with a CAGR of +36.8%, recorded 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, increasing by 7.7% against the previous year. In general, the export price, however, continues to indicate a mild decline. The level of export peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Romania ($X per ton), while Lithuania ($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 (+5.1%), while the other leaders experienced more modest paces of growth.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports in Eastern Europe

In 2021, approx. X tons of rusks, toasted bread and similar toasted products were imported in Eastern Europe; jumping by 16% against the previous year. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.6% 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 +87.3% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, rusks and toasted bread imports surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.1% 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 +93.6% against 2015 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 20% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) was the major importer of rusks, toasted bread and similar toasted products, making up 28% of total imports. Romania (X tons) ranks second in terms of the total imports with a 12% share, followed by Hungary (8.9%), Belarus (8.7%), Poland (8.4%), the Czech Republic (7.9%) and Slovakia (7.6%).

From 2012 to 2021, average annual rates of growth with regard to rusks and toasted bread imports into Russia stood at +5.2%. At the same time, Hungary (+21.9%), Belarus (+17.8%), Slovakia (+16.1%), Romania (+6.9%), the Czech Republic (+3.2%) and Poland (+2.1%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +21.9% from 2012-2021. While the share of Hungary (+6 p.p.), Belarus (+4.9 p.p.) and Slovakia (+3.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the Czech Republic (-3.6 p.p.), Poland (-5 p.p.) and Russia (-6.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest rusks and toasted bread importing markets in Eastern Europe were Russia ($X), the Czech Republic ($X) and Romania ($X), with a combined 43% share of total imports. Poland, Belarus, Slovakia and Hungary lagged somewhat behind, together comprising a further 33%.

Hungary, with a CAGR of +16.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, approximately mirroring the previous year. In general, the import price, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2018 an increase of 8%. Over the period under review, import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($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 (+4.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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