Eastern Europe: Soya Bean Market 2025

Soya Bean Market Size in Eastern Europe

The East European soya bean market expanded rapidly to $X in 2021, increasing by 6.9% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +10.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +29.1% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Soya Bean Production in Eastern Europe

In value terms, soya bean production amounted to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -10.5% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 28% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

The countries with the highest volumes of production in 2021 were Russia (X tons), Ukraine (X tons) and Romania (X tons), with a combined 95% share of total production.

From 2012 to 2021, the biggest increases were in Romania (with a CAGR of +16.0%), while production for the other leaders experienced more modest paces of growth.

The average soya bean yield was estimated at X tons per ha in 2021, surging by 3.2% on the previous year's figure. The yield figure increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 when the yield increased by 20%. The level of yield peaked at X tons per ha in 2018; however, from 2019 to 2021, the yield remained at a lower figure. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, approx. X ha of soya beans were harvested in Eastern Europe; surging by 3.5% on 2020. The total harvested area indicated measured growth from 2012 to 2021: its figure increased at an average annual rate of +4.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, soya bean harvested area decreased by -7.0% against 2017 indices. The most prominent rate of growth was recorded in 2014 with an increase of 43%. Over the period under review, the harvested area dedicated to soya bean production attained the peak figure at X ha in 2017; however, from 2018 to 2021, the harvested area stood at a somewhat lower figure.

Soya Bean Exports

Exports in Eastern Europe

In 2021, exports of soya beans in Eastern Europe declined significantly to X tons, waning by -25.5% on the year before. Overall, exports, however, posted a notable increase. The pace of growth was the most pronounced in 2015 when exports increased by 47% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, soya bean exports fell to $X in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% 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 decreased by -22.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ukraine (X tons) and Russia (X tons) dominates exports structure, together generating 85% of total exports. It was distantly followed by Romania (X tons), mixing up a 6.3% share of total exports. The following exporters - Slovakia (X tons) and Hungary (X tons) - together made up 7.1% of total exports.

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 +26.6%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Russia ($X) and Romania ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 90% share of total exports.

Russia, with a CAGR of +31.4%, 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, picking up by 33% against the previous year. In general, the export price showed a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.8%), while the other leaders experienced more modest paces of growth.

Soya Bean Imports

Imports in Eastern Europe

In 2021, approx. X tons of soya beans were imported in Eastern Europe; reducing by -24.2% on the previous year. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 92% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then dropped rapidly in the following year.

In value terms, soya bean imports contracted to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +12.3% 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 +11.0% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of 88%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Russia was the main importing country with an import of about X tons, which finished at 72% of total imports. Belarus (X tons) took a 12% share (based on physical terms) of total imports, which put it in second place, followed by Romania (7.5%) and Hungary (5.1%).

Imports into Russia increased at an average annual rate of +11.8% from 2012 to 2021. At the same time, Belarus (+59.9%), Hungary (+18.1%) and Romania (+12.0%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +59.9% from 2012-2021. Belarus (+11 p.p.) and Hungary (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -3.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported soya beans in Eastern Europe, comprising 67% of total imports. The second position in the ranking was held by Belarus ($X), with a 14% share of total imports. It was followed by Romania, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia totaled +11.1%. In the other countries, the average annual rates were as follows: Belarus (+61.4% per year) and Romania (+11.7% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per ton, increasing by 24% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Belarus ($X per ton) and Hungary ($X per ton), while Russia ($X per ton) and Romania ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+1.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :