Ukraine: Market for Rusks, Toasted Bread and Similar Toasted Products 2024

Market Size for Rusks, Toasted Bread and Similar Toasted Products in Ukraine

The Ukrainian rusks and toasted bread market stood at $X in 2021, growing by 2.5% against the previous year. Over the period under review, consumption showed a pronounced descent. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Rusks, Toasted Bread and Similar Toasted Products in Ukraine

In value terms, rusks and toasted bread production rose modestly to $X in 2021 estimated in export price. In general, production saw a perceptible curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 17% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Rusks, Toasted Bread and Similar Toasted Products

Exports from Ukraine

In 2021, shipments abroad of rusks, toasted bread and similar toasted products was finally on the rise to reach X tons after two years of decline. In general, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2018 when exports increased by 23% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, rusks and toasted bread exports soared to $X in 2021. Overall, exports, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 22%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Moldova (X tons), Belarus (X tons) and Latvia (X tons) were the main destinations of rusks and toasted bread exports from Ukraine, with a combined 71% share of total exports. Lithuania, Poland, Germany, Georgia, Azerbaijan, Tajikistan and Russia lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +51.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for rusks and toasted bread exported from Ukraine were Moldova ($X), Belarus ($X) and Latvia ($X), with a combined 73% share of total exports. Lithuania, Germany, Georgia, Poland, Azerbaijan, Tajikistan and Russia lagged somewhat behind, together accounting for a further 21%.

Poland, with a CAGR of +37.4%, 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

In 2021, the average rusks and toasted bread export price amounted to $X per ton, increasing by 5.9% against the previous year. Over the period under review, the export price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the average export price increased by 17% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Poland ($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 Egypt (+259.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Rusks, Toasted Bread and Similar Toasted Products

Imports into Ukraine

For the sixth year in a row, Ukraine recorded growth in supplies from abroad of rusks, toasted bread and similar toasted products, which increased by 28% to X tons in 2021. In general, imports saw buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of 116%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, rusks and toasted bread imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 164% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Bulgaria (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of rusks and toasted bread imports to Ukraine, together comprising 74% of total imports. These countries were followed by Finland, the Netherlands, Malaysia, Portugal, Belgium and the UK, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Finland (with a CAGR of +71.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X) constituted the largest supplier of rusks, toasted bread and similar toasted products to Ukraine, comprising 46% of total imports. The second position in the ranking was taken by Poland ($X), with a 15% share of total imports. It was followed by Finland, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Bulgaria amounted to +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+52.4% per year) and Finland (+61.9% per year).

Import Prices by Country

The average rusks and toasted bread import price stood at $X per ton in 2021, which is down by -8.6% against the previous year. Overall, import price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, rusks and toasted bread import price decreased by -9.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 24%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Germany ($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 (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :