Ukraine: Market for Cereal Grain Products (Including Corn Flakes) 2024

Market Size for Cereal Grain Products (Including Corn Flakes) in Ukraine

In 2023, the Ukrainian market for cereal grain products (including corn flakes) decreased by X% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption, however, continues to indicate a resilient increase. Corn flakes and cereal products consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Cereal Grain Products (Including Corn Flakes) in Ukraine

In value terms, corn flakes and cereal products production amounted to $X in 2023 estimated in export price. Overall, production saw a resilient expansion. The growth pace was the most rapid in 2015 when the production volume increased by X%. Corn flakes and cereal products production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Cereal Grain Products (Including Corn Flakes)

Exports from Ukraine

In 2023, approx. X tons of cereal grain products (including corn flakes) were exported from Ukraine; surging by X% on the previous year. Over the period under review, total exports indicated a tangible expansion from 2012 to 2023: its volume 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, exports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

In value terms, corn flakes and cereal products exports rose remarkably to $X in 2023. In general, exports saw resilient growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the near future.

Exports by Country

Romania (X tons) was the main destination for corn flakes and cereal products exports from Ukraine, accounting for a X% share of total exports. Moreover, corn flakes and cereal products exports to Romania exceeded the volume sent to the second major destination, Poland (X tons), threefold. Latvia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Romania totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Latvia (X% per year).

In value terms, the largest markets for corn flakes and cereal products exported from Ukraine were Romania ($X), Poland ($X) and Moldova ($X), with a combined X% share of total exports.

Among the main countries of destination, Poland, with a CAGR of X%, recorded the highest growth rate of 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 2023, the average export price for cereal grain products (including corn flakes) amounted to $X per ton, waning by X% against the previous year. In general, export price indicated tangible growth 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, corn flakes and cereal products export price decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The export price peaked at $X per ton in 2020; however, from 2021 to 2023, 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 Moldova ($X per ton), while the average price for exports to Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cereal Grain Products (Including Corn Flakes)

Imports into Ukraine

In 2023, corn flakes and cereal products imports into Ukraine shrank markedly to X tons, declining by X% against the previous year's figure. Overall, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, corn flakes and cereal products imports declined notably to $X in 2023. In general, imports recorded a perceptible reduction. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Turkey (X tons), Germany (X tons) and Kazakhstan (X tons) were the main suppliers of corn flakes and cereal products imports to Ukraine, together comprising X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest corn flakes and cereal products suppliers to Ukraine were Poland ($X), Germany ($X) and Turkey ($X), with a combined X% share of total imports. Kazakhstan, Lithuania, Finland and Latvia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Lithuania, with a CAGR of X%, recorded the highest growth rate of 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

The average import price for cereal grain products (including corn flakes) stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price saw a mild expansion. The pace of growth appeared the most rapid in 2022 when the average import price increased by X%. The import price peaked in 2023 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform