Eastern Europe: Dairy Spread Market 2024

Dairy Spread Market Size in Eastern Europe

The East European dairy spread market expanded modestly to $X in 2022, picking up by 2.4% against the previous year. The market value increased at an average annual rate of +3.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Dairy Spread Production in Eastern Europe

In value terms, dairy spread production expanded modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 21%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Dairy Spread Exports

Exports in Eastern Europe

In 2022, shipments abroad of dairy spreads increased by 6.5% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2018 with an increase of 20%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, dairy spread exports soared to $X in 2022. In general, exports, however, continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2017 with an increase of 20%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Belarus dominates exports structure, amounting to X tons, which was near 76% of total exports in 2022. Russia (X tons) held a 9.3% share (based on physical terms) of total exports, which put it in second place, followed by Ukraine (7.9%). The following exporters - Hungary (X tons) and Romania (X tons) - each recorded a 6.1% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to dairy spread exports from Belarus stood at -8.8%. At the same time, Romania (+41.2%), Ukraine (+19.4%), Russia (+2.9%) and Hungary (+1.6%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +41.2% from 2012-2022. While the share of Ukraine (+7.3 p.p.), Russia (+6 p.p.), Romania (+2.9 p.p.) and Hungary (+1.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (-14.7 p.p.) displayed negative dynamics.

In value terms, Belarus ($X) remains the largest dairy spread supplier in Eastern Europe, comprising 83% of total exports. The second position in the ranking was held by Ukraine ($X), with a 7.5% share of total exports. It was followed by Russia, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Belarus amounted to -4.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Ukraine (+20.3% per year) and Russia (+2.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by 12% against the previous year. Export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy spread export price increased by +93.7% against 2015 indices. The most prominent rate of growth was recorded in 2013 when the export price increased by 45%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+5.0%), while the other leaders experienced more modest paces of growth.

Dairy Spread Imports

Imports in Eastern Europe

In 2022, approx. X tons of dairy spreads were imported in Eastern Europe; growing by 19% compared with the year before. In general, imports continue to indicate a perceptible expansion. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, dairy spread imports surged to $X in 2022. Overall, imports saw a noticeable increase. The pace of growth was the most pronounced in 2017 with an increase of 50%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Russia was the largest importer of dairy spreads in Eastern Europe, with the volume of imports amounting to X tons, which was approx. 46% of total imports in 2022. Slovakia (X tons) held the second position in the ranking, followed by Bulgaria (X tons), the Czech Republic (X tons), Romania (X tons) and Moldova (X tons). All these countries together took approx. 50% share of total imports. Hungary (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of dairy spreads. At the same time, Moldova (+69.0%), Bulgaria (+22.7%), Slovakia (+7.1%), Hungary (+4.2%), Romania (+3.2%) and the Czech Republic (+1.4%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +69.0% from 2012-2022. Bulgaria (+9.8 p.p.), Moldova (+5.4 p.p.) and Slovakia (+4.3 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -6.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported dairy spreads in Eastern Europe, comprising 44% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 16% share of total imports. It was followed by Bulgaria, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia was relatively modest. In the other countries, the average annual rates were as follows: Slovakia (+16.5% per year) and Bulgaria (+26.6% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, surging by 8.4% against the previous year. Import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, dairy spread import price increased by +75.4% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 23% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Slovakia ($X per ton), while Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :