Ukraine: Carob Market 2024

Carob Market Size in Ukraine

In 2021, after two years of growth, there was significant decline in the Ukrainian carob market, when its value decreased by -10% to $X. Over the period under review, consumption posted resilient growth. Over the period under review, the market attained the peak level at $X in 2020, and then shrank in the following year.

Carob Production in Ukraine

In value terms, carob production shrank significantly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 637% against the previous year. As a result, production attained the peak level of $X, and then fell notably in the following year.

In 2021, the average yield of carob in Ukraine reduced to X tons per ha, remaining stable against the previous year's figure. The yield figure increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the yield increased by 25% against the previous year. Over the period under review, the average carob yield attained the maximum level at X tons per ha in 2015; however, from 2016 to 2021, the yield failed to regain momentum. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2021, the harvested area of carob in Ukraine amounted to X ha, remaining relatively unchanged against the previous year. Overall, the harvested area showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the harvested area decreased by -1% against the previous year. Over the period under review, the harvested area dedicated to carob production attained the peak figure at X ha in 2016; however, from 2017 to 2021, the harvested area failed to regain momentum.

Carob Exports

Exports from Ukraine

In 2021, approx. X kg of carob were exported from Ukraine; increasing by 51% on the previous year's figure. Over the period under review, total exports indicated a significant expansion from 2020 to 2021: its volume increased at an average annual rate of +51.0% over the last one-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, carob exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +32.6% over the period from 2020 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Moldova (X kg) was the main destination for carob exports from Ukraine, accounting for a approx. 100% share of total exports.

From 2020 to 2021, the average annual growth rate of volume to Moldova stood at +65.9%.

In value terms, Moldova ($X) also remains the key foreign market for carob exports from Ukraine.

From 2020 to 2021, the average annual rate of growth in terms of value to Moldova totaled +39.9%.

Export Prices by Country

In 2021, the average carob export price amounted to $X per ton, waning by -12.2% against the previous year. In general, the export price saw a deep contraction. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then declined in the following year.

As there is only one major export destination, the average price level is determined by prices for Moldova.

From 2020 to 2021, the rate of growth in terms of prices for Moldova amounted to -15.8% per year.

Carob Imports

Imports into Ukraine

For the third year in a row, Ukraine recorded growth in purchases abroad of carob, which increased by 14% to X tons in 2021. In general, total imports indicated a resilient expansion from 2014 to 2021: its volume increased at an average annual rate of +8.1% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +46.8% against 2018 indices. The pace of growth was the most pronounced in 2015 when imports increased by 39%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, carob imports skyrocketed to $X in 2021. Over the period under review, total imports indicated resilient growth from 2014 to 2021: its value increased at an average annual rate of +11.8% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons) constituted the largest carob supplier to Ukraine, accounting for a 76% share of total imports. Moreover, carob imports from Spain exceeded the figures recorded by the second-largest supplier, Algeria (X tons), sixfold.

From 2014 to 2021, the average annual rate of growth in terms of volume from Spain stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Algeria (+2.7% per year) and Egypt (-7.6% per year).

In value terms, Spain ($X) constituted the largest supplier of carob to Ukraine, comprising 67% of total imports. The second position in the ranking was held by Algeria ($X), with an 18% share of total imports.

From 2014 to 2021, the average annual growth rate of value from Spain stood at +11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Algeria (+5.3% per year) and Egypt (-16.3% per year).

Import Prices by Country

In 2021, the average carob import price amounted to $X per ton, surging by 19% against the previous year. Over the period under review, import price indicated a tangible increase from 2014 to 2021: its price increased at an average annual rate of +3.4% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, carob import price increased by +32.6% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 56% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Algeria ($X per ton), while the price for Egypt ($X per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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