Eastern Europe: Vegetable Product Market 2024

Vegetable Product Market Size in Eastern Europe

In 2022, after two years of growth, there was significant decline in the East European vegetable product market, when its value decreased by -13.2% to $X. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +36.7% against 2019 indices. The level of consumption peaked at $X in 2021, and then reduced in the following year.

Vegetable Product Production in Eastern Europe

In value terms, vegetable product production contracted to $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +55.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 53% against the previous year. The level of production peaked at $X in 2021, and then contracted in the following year.

Poland (X tons) remains the largest vegetable product producing country in Eastern Europe, accounting for 80% of total volume. Moreover, vegetable product production in Poland exceeded the figures recorded by the second-largest producer, Ukraine (X tons), fourfold.

In Poland, vegetable product production remained relatively stable over the period from 2012-2022.

In 2022, the average yield of vegetable products in Eastern Europe shrank slightly to X tons per ha, therefore, remained relatively stable against 2021. The yield figure increased at an average annual rate of +4.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 43% against the previous year. The level of yield peaked at X tons per ha in 2014; however, from 2015 to 2022, 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 2022, approx. X ha of vegetable products were harvested in Eastern Europe; flattening at the year before. Over the period under review, the harvested area continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2015 when the harvested area increased by 28% against the previous year. The level of harvested area peaked at X ha in 2012; however, from 2013 to 2022, the harvested area failed to regain momentum.

Vegetable Product Exports

Exports in Eastern Europe

Vegetable product exports amounted to X tons in 2022, surging by 4.4% against the previous year's figure. In general, exports recorded a significant increase. The growth pace was the most rapid in 2013 when exports increased by 130%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, vegetable product exports reached $X in 2022. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 100%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Poland was the major exporter of vegetable products in Eastern Europe, with the volume of exports resulting at X tons, which was approx. 54% of total exports in 2022. Hungary (X tons) ranks second in terms of the total exports with a 21% share, followed by Ukraine (8.8%) and Lithuania (5.7%). The Czech Republic (X tons), Russia (X tons) and Bulgaria (X tons) took a relatively small share of total exports.

Exports from Poland increased at an average annual rate of +28.1% from 2012 to 2022. At the same time, Hungary (+59.3%), Russia (+36.0%), Ukraine (+27.7%), the Czech Republic (+24.0%) and Lithuania (+22.1%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +59.3% from 2012-2022. By contrast, Bulgaria (-5.7%) illustrated a downward trend over the same period. While the share of Hungary (+19 p.p.), Poland (+13 p.p.) and Ukraine (+2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bulgaria (-29.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest vegetable product supplier in Eastern Europe, comprising 48% of total exports. The second position in the ranking was held by Hungary ($X), with a 23% share of total exports. It was followed by Lithuania, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value in Poland stood at +37.2%. In the other countries, the average annual rates were as follows: Hungary (+55.9% per year) and Lithuania (+23.8% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, waning by -3.9% against the previous year. Export price indicated a measured increase from 2012 to 2022: its price 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, vegetable product export price increased by +57.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 41%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

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 Bulgaria ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+11.9%), while the other leaders experienced more modest paces of growth.

Vegetable Product Imports

Imports in Eastern Europe

In 2022, purchases abroad of vegetable products decreased by -16.2% to X tons, falling for the second year in a row after three years of growth. Total imports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -23.8% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, vegetable product imports reduced to $X in 2022. Overall, imports, however, showed resilient growth. The pace of growth appeared the most rapid in 2014 when imports increased by 54% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

Poland was the key importing country with an import of around X tons, which reached 37% of total imports. Hungary (X tons) took the second position in the ranking, followed by Russia (X tons), the Czech Republic (X tons), Ukraine (X tons) and Lithuania (X tons). All these countries together held near 53% share of total imports. Romania (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +15.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) constitutes the largest market for imported vegetable products in Eastern Europe, comprising 43% of total imports. The second position in the ranking was held by Hungary ($X), with a 14% share of total imports. It was followed by the Czech Republic, with a 10% share.

In Poland, vegetable product imports increased at an average annual rate of +15.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hungary (+4.3% per year) and the Czech Republic (+6.3% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per ton, with an increase of 4.7% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, vegetable product import price increased by +56.2% against 2017 indices. The pace of growth appeared the most rapid in 2014 an increase of 37% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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