Ukraine: Canned Vegetable Market 2024

Canned Vegetable Market Size in Ukraine

In 2022, the Ukrainian canned vegetable market increased by 25% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a moderate expansion from 2012 to 2022: its value 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, consumption increased by +43.8% against 2020 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Canned Vegetable Production in Ukraine

In value terms, canned vegetable production reduced slightly to $X in 2022 estimated in export price. In general, production saw a pronounced descent. The most prominent rate of growth was recorded in 2018 with an increase of 8.7%. Canned vegetable production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Canned Vegetable Exports

Exports from Ukraine

In 2022, exports of canned vegetables from Ukraine contracted markedly to X tons, declining by -30.5% compared with 2021 figures. In general, exports faced a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, canned vegetable exports declined remarkably to $X in 2022. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by 21% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X tons), Moldova (X tons) and Hungary (X tons) were the main destinations of canned vegetable exports from Ukraine, together comprising 47% of total exports. Georgia, Latvia, Belarus, Poland, the United States, Estonia, the UK, Israel, Lithuania and Canada lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +115.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for canned vegetable exported from Ukraine were Moldova ($X), Georgia ($X) and Germany ($X), with a combined 54% share of total exports. Hungary, the UK, Belarus, Israel, Latvia, the United States, Poland, Estonia, Lithuania and Canada lagged somewhat behind, together comprising a further 37%.

Poland, with a CAGR of +93.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average canned vegetable export price stood at $X per ton in 2022, increasing by 3.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Latvia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Canned Vegetable Imports

Imports into Ukraine

Canned vegetable imports into Ukraine reduced slightly to X tons in 2022, waning by -2.5% against the previous year. Overall, imports showed a noticeable downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 28% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, canned vegetable imports surged to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 38% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Spain (X tons), Poland (X tons) and Hungary (X tons) were the main suppliers of canned vegetable imports to Ukraine, together comprising 68% of total imports. Italy, Moldova, Germany, Belgium, Greece and China lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Moldova (with a CAGR of +44.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest canned vegetable suppliers to Ukraine were Poland ($X), Spain ($X) and Hungary ($X), together accounting for 70% of total imports. Italy, Greece, Germany, Moldova, Belgium and China lagged somewhat behind, together comprising a further 18%.

Moldova, with a CAGR of +43.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average canned vegetable import price stood at $X per ton in 2022, with an increase of 25% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Greece ($X per ton), while the price for Moldova ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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