Eastern Europe: Market for Wheat and Meslin Flour 2024

Market Size for Wheat and Meslin Flour in Eastern Europe

The East European wheat and meslin flour market rose rapidly to $X in 2022, with an increase of 12% against the previous year. Over the period under review, consumption, however, continues to indicate a slight decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Wheat and Meslin Flour in Eastern Europe

In value terms, wheat and meslin flour production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild contraction. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Wheat and Meslin Flour

Exports in Eastern Europe

In 2022, overseas shipments of wheat and meslin flour increased by 3.9% to X tons for the first time since 2019, thus ending a two-year declining trend. Total exports indicated modest growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -27.6% against 2019 indices. The growth pace was the most rapid in 2015 when exports increased by 21% against the previous year. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, wheat and meslin flour exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.9% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia (X tons), Hungary (X tons), Slovakia (X tons), Poland (X tons), Ukraine (X tons) and Bulgaria (X tons) represented roughly 85% of total exports in 2022. Latvia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of +4.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat and meslin flour supplying countries in Eastern Europe were Russia ($X), Hungary ($X) and Slovakia ($X), with a combined 55% share of total exports. Poland, Bulgaria, Ukraine and Latvia lagged somewhat behind, together comprising a further 34%.

Among the main exporting countries, Poland, with a CAGR of +8.8%, recorded the highest growth rate of the value of exports, 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, rising by 20% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($X per ton), while Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.0%), while the other leaders experienced more modest paces of growth.

Imports of Wheat and Meslin Flour

Imports in Eastern Europe

Wheat and meslin flour imports soared to X tons in 2022, jumping by 25% on the previous year's figure. The total import volume increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, wheat and meslin flour imports surged to $X in 2022. Total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +110.8% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Romania (X tons), distantly followed by Poland (X tons), Slovakia (X tons), the Czech Republic (X tons), Belarus (X tons), Hungary (X tons), Lithuania (X tons) and Russia (X tons) were the main importers of wheat and meslin flour, together generating 92% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Belarus (with a CAGR of +28.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest wheat and meslin flour importing markets in Eastern Europe were Romania ($X), Poland ($X) and the Czech Republic ($X), together accounting for 56% of total imports. Slovakia, Hungary, Lithuania, Belarus and Russia lagged somewhat behind, together accounting for a further 37%.

Belarus, with a CAGR of +24.3%, recorded the highest rates of growth with regard to the value of imports, among 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

In 2022, the import price in Eastern Europe amounted to $X per ton, increasing by 9.5% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by 13%. Over the period under review, import prices hit record highs 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 Poland ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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