EU: Crispbread Market 2024

Crispbread Market Size in the EU

In 2021, the EU crispbread market decreased by -3.3% to $X, falling for the second year in a row after three years of growth. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Crispbread Production in the EU

In value terms, crispbread production contracted modestly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 14%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Crispbread Exports

Exports in the EU

In 2021, shipments abroad of crispbread increased by 1.6% to X tons, rising for the second year in a row after two years of decline. Total exports indicated a measured expansion from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +11.6% against 2019 indices. The most prominent rate of growth was recorded in 2014 with an increase of 25% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, crispbread exports expanded sharply to $X in 2021. The total export value increased at an average annual rate of +5.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by 21%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X tons) and Sweden (X tons) prevails in exports structure, together making up 72% of total exports. Italy (X tons) ranks next in terms of the total exports with a 9.1% share, followed by the Netherlands (5.4%). The following exporters - Finland (X tons), Spain (X tons) and Lithuania (X tons) - each resulted at a 6.6% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Spain (with a CAGR of +42.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread supplying countries in the European Union were Germany ($X), Sweden ($X) and Italy ($X), with a combined 75% share of total exports. The Netherlands, Lithuania, Finland and Spain lagged somewhat behind, together comprising a further 13%.

Spain, with a CAGR of +36.1%, recorded the highest growth rate of 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

In 2021, the export price in the European Union amounted to $X per ton, growing by 8.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2018 an increase of 12%. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Lithuania ($X per ton), while Spain ($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 Netherlands (+5.5%), while the other leaders experienced more modest paces of growth.

Crispbread Imports

Imports in the EU

In 2021, approx. X tons of crispbread were imported in the European Union; with a decrease of -3.8% on the previous year. The total import volume increased at an average annual rate of +5.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of 14% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then contracted modestly in the following year.

In value terms, crispbread imports totaled $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +53.7% against 2015 indices. The pace of growth was the most pronounced in 2013 with an increase of 21% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the immediate term.

Imports by Country

The countries with the highest levels of crispbread imports in 2021 were the Netherlands (X tons), Italy (X tons), Germany (X tons), France (X tons), Sweden (X tons) and Denmark (X tons), together reaching 70% of total import. It was distantly followed by Belgium (X tons), committing a 4.7% share of total imports. The following importers - Poland (X tons), Spain (X tons), Ireland (X tons), Finland (X tons), the Czech Republic (X tons) and Austria (X tons) - together made up 17% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Belgium (with a CAGR of +14.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread importing markets in the European Union were France ($X), the Netherlands ($X) and Denmark ($X), together comprising 37% of total imports. Sweden, Germany, Italy, Belgium, Ireland, Spain, Finland, Poland, Austria and the Czech Republic lagged somewhat behind, together comprising a further 56%.

Belgium, with a CAGR of +14.2%, 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

The import price in the European Union stood at $X per ton in 2021, increasing by 8.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per ton), while the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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