Eastern Europe: Yams Market 2024

Yams Market Size in Eastern Europe

The East European yams market skyrocketed to $X in 2023, growing by X% against the previous year. Overall, consumption, however, enjoyed a significant increase. Over the period under review, the market attained the peak level in 2023 and is likely to see gradual growth in the near future.

Yams Production in Eastern Europe

In value terms, yams production surged to $X in 2023 estimated in export price. In general, production, however, saw a significant increase. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2022, and then soared in the following year.

The country with the largest volume of yams production was the Czech Republic (X tons), comprising approx. X% of total volume. Moreover, yams production in the Czech Republic exceeded the figures recorded by the second-largest producer, Hungary (X kg), eightfold.

From 2012 to 2023, the average annual rate of growth in terms of volume in the Czech Republic amounted to X%. The remaining producing countries recorded the following average annual rates of production growth: Hungary (X% per year) and Romania (X% per year).

Yams Exports

Exports in Eastern Europe

In 2023, shipments abroad of yams decreased by X% to X kg for the first time since 2019, thus ending a three-year rising trend. Overall, exports, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of export peaked at X tons in 2022, and then contracted dramatically in the following year.

In value terms, yams exports dropped significantly to $X in 2023. In general, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then dropped markedly in the following year.

Exports by Country

Bulgaria prevails in exports structure, recording X kg, which was near X% of total exports in 2023. The following exporters - Estonia (X kg) and Romania (X kg) - each resulted at a X% share of total exports.

From 2015 to 2023, average annual rates of growth with regard to yams exports from Bulgaria stood at X%. Estonia (X%) and Romania (X%) illustrated a downward trend over the same period. From 2015 to 2023, the share of Bulgaria increased by X percentage points.

In value terms, Bulgaria ($X) remains the largest yams supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Estonia ($X), with a X% share of total exports.

From 2015 to 2023, the average annual growth rate of value in Bulgaria amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Estonia (X% per year) and Romania (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, flattening at the previous year. Overall, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

From 2015 to 2023, the most notable rate of growth in terms of prices was attained by Estonia (X%), while the other leaders experienced more modest paces of growth.

Yams Imports

Imports in Eastern Europe

In 2023, purchases abroad of yams decreased by X% to X tons for the first time since 2018, thus ending a four-year rising trend. In general, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2022, and then reduced sharply in the following year.

In value terms, yams imports declined significantly to $X in 2023. Overall, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. The level of import peaked at $X in 2022, and then shrank sharply in the following year.

Imports by Country

Russia dominates imports structure, accounting for X tons, which was approx. X% of total imports in 2023. Romania (X tons) and Ukraine (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to yams imports into Russia stood at X%. At the same time, Ukraine (X%) and Romania (X%) displayed positive paces of growth. Moreover, Ukraine emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Russia and Ukraine increased by X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported yams in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports.

In Russia, yams imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Romania (X% per year) and Ukraine (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2023, jumping by X% against the previous year. Over the period under review, the import price, however, saw a slight setback. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2023, the import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform