Eastern Europe: Yoghurt Market 2024

Yoghurt Market Size in Eastern Europe

The East European yoghurt market fell to $X in 2022, which is down by -5.7% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Yoghurt Production in Eastern Europe

In value terms, yoghurt production contracted modestly to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 19% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Yoghurt Exports

Exports in Eastern Europe

In 2022, the amount of yoghurt exported in Eastern Europe declined to X tons, which is down by -2.9% compared with the previous year. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 13%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, yoghurt exports fell to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 23% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from the Czech Republic (X tons), Poland (X tons), Romania (X tons), Belarus (X tons) and Russia (X tons), together finishing at 84% of total export. The following exporters - Estonia (X tons) and Bulgaria (X tons) - each recorded an 8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of +24.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest yoghurt supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Romania ($X), together accounting for 60% of total exports. Belarus, Russia, Bulgaria and Estonia lagged somewhat behind, together accounting for a further 33%.

Belarus, with a CAGR of +25.4%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the export price in Eastern Europe amounted to $X per ton, reducing by -2.8% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 8.8%. Over the period under review, the export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+3.4%), while the other leaders experienced more modest paces of growth.

Yoghurt Imports

Imports in Eastern Europe

In 2022, after six years of growth, there was significant decline in supplies from abroad of yoghurt, when their volume decreased by -16.2% to X tons. The total import volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 9.7%. Over the period under review, imports hit record highs at X tons in 2021, and then fell sharply in the following year.

In value terms, yoghurt imports reduced remarkably to $X in 2022. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 18%. The level of import peaked at $X in 2021, and then reduced markedly in the following year.

Imports by Country

The purchases of the eleven major importers of yoghurt, namely Hungary, Poland, Romania, the Czech Republic, Slovakia, Bulgaria, Belarus, Lithuania, Ukraine, Latvia and Moldova, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bulgaria (with a CAGR of +13.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest yoghurt importing markets in Eastern Europe were Poland ($X), Hungary ($X) and Romania ($X), with a combined 48% share of total imports. The Czech Republic, Slovakia, Bulgaria, Lithuania, Belarus, Ukraine, Moldova and Latvia lagged somewhat behind, together accounting for a further 50%.

Among the main importing countries, Bulgaria, with a CAGR of +15.5%, recorded the highest rates of growth with regard to the value of imports, 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, shrinking by -2.8% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 10%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Moldova ($X per ton), while Hungary ($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 (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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