Eastern Europe: Market for Flaked or Rolled Cereals 2024

Market Size for Flaked or Rolled Cereals in Eastern Europe

The East European flaked or rolled cereal market declined to $X in 2023, with a decrease of X% against the previous year. The total consumption indicated measured growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2020 indices. As a result, consumption reached the peak level of $X. From 2021 to 2023, the growth of the market failed to regain momentum.

Production of Flaked or Rolled Cereals in Eastern Europe

In value terms, flaked or rolled cereal production contracted modestly to $X in 2023 estimated in export price. The total production indicated a strong expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2023, production growth failed to regain momentum.

Exports of Flaked or Rolled Cereals

Exports in Eastern Europe

In 2023, approx. X tons of flaked or rolled cereals were exported in Eastern Europe; growing by X% on the year before. Overall, exports saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

In value terms, flaked or rolled cereal exports rose sharply to $X in 2023. In general, exports saw resilient growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked in 2023 and is likely to see steady growth in years to come.

Exports by Country

Russia was the main exporting country with an export of about X tons, which reached X% of total exports. The Czech Republic (X tons) took the second position in the ranking, followed by Latvia (X tons), Poland (X tons), Ukraine (X tons) and Lithuania (X tons). All these countries together held approx. X% share of total exports. Romania (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to flaked or rolled cereal exports from Russia stood at X%. At the same time, Romania (X%), Latvia (X%), Lithuania (X%) and Poland (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. Ukraine experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%) illustrated a downward trend over the same period. While the share of Russia (X p.p.), Latvia (X p.p.), Poland (X p.p.), Romania (X p.p.) and Lithuania (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Ukraine (X p.p.) and the Czech Republic (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest flaked or rolled cereal supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Latvia, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Latvia (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Europe amounted to $X per ton, with an increase of X% against the previous year. Export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, flaked or rolled cereal export price increased by X% against 2018 indices. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Romania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Imports of Flaked or Rolled Cereals

Imports in Eastern Europe

In 2023, approx. X tons of flaked or rolled cereals were imported in Eastern Europe; declining by X% against 2022. In general, imports, however, showed mild growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. The volume of import peaked at X tons in 2022, and then fell significantly in the following year.

In value terms, flaked or rolled cereal imports fell remarkably to $X in 2023. Total imports indicated a noticeable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped remarkably in the following year.

Imports by Country

In 2023, Poland (X tons), distantly followed by the Czech Republic (X tons), Belarus (X tons), Latvia (X tons), Lithuania (X tons), Romania (X tons) and Moldova (X tons) were the major importers of flaked or rolled cereals, together making up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Romania (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Belarus ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Lithuania, Latvia, Romania and Moldova lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, rising by X% against the previous year. Import price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, flaked or rolled cereal import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in the Czech Republic ($X per ton) and Romania ($X per ton), while Belarus ($X per ton) and Latvia ($X per ton) were amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform