Ukraine: Crispbread Market 2024

Crispbread Market Size in Ukraine

The Ukrainian crispbread market fell modestly to $X in 2021, with a decrease of -1.6% against the previous year. Overall, the total consumption indicated a modest expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +5.5% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Crispbread Production in Ukraine

In value terms, crispbread production fell to $X in 2021 estimated in export price. Over the period under review, production, however, saw a moderate increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 33% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Crispbread Exports

Exports from Ukraine

In 2021, crispbread exports from Ukraine soared to X tons, picking up by 15% compared with 2020. In general, exports saw a moderate expansion. The most prominent rate of growth was recorded in 2016 with an increase of 388%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, crispbread exports skyrocketed to $X in 2021. Overall, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 141%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

Moldova (X tons) was the main destination for crispbread exports from Ukraine, with a 66% share of total exports. Moreover, crispbread exports to Moldova exceeded the volume sent to the second major destination, Israel (X tons), sixfold. The third position in this ranking was held by Romania (X tons), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Moldova amounted to +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (-7.1% per year) and Romania (-25.6% per year).

In value terms, the largest markets for crispbread exported from Ukraine were Moldova ($X), Israel ($X) and Poland ($X), with a combined 83% share of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +58.9%, recorded the highest rates of growth with regard to 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 2021, the average crispbread export price amounted to $X per ton, growing by 39% against the previous year. Over the period under review, the export price enjoyed a modest expansion. The pace of growth was the most pronounced in 2014 an increase of 103%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Poland ($X per ton), while the average price for exports to Romania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+85.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crispbread Imports

Imports into Ukraine

In 2021, purchases abroad of crispbread increased by 2.2% to X tons, rising for the fourth year in a row after four years of decline. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by 56% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, crispbread imports reached $X in 2021. Over the period under review, imports, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2018 when imports increased by 70%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Finland (X tons), Lithuania (X tons) and Italy (X tons) were the main suppliers of crispbread imports to Ukraine, together comprising 79% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +52.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crispbread suppliers to Ukraine were Lithuania ($X), Finland ($X) and Italy ($X), with a combined 76% share of total imports.

Lithuania, with a CAGR of +58.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average crispbread import price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the import price, however, saw a mild expansion. The pace of growth was the most pronounced in 2016 an increase of 31%. Over the period under review, average import prices attained the maximum at $X per ton in 2020, and then contracted modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was France ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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