Europe: Grain Market 2024

Grain Market Size in Europe

The Europe grain market reached $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The level of consumption peaked in 2022 and is likely to see gradual growth in the immediate term.

Grain Production in Europe

In value terms, grain production shrank to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

The countries with the highest volumes of production in 2022 were Russia (X tons), Ukraine (X tons) and France (X tons), with a combined X% share of total production.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Russia (with a CAGR of X%), while production for the other leaders experienced more modest paces of growth.

In 2022, the average yield of grain in Europe contracted to X tons per ha, with a decrease of X% compared with the previous year. The yield figure increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the grain yield hit record highs at X tons per ha in 2021, and then contracted slightly in the following year. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the total area harvested in terms of grain production in Europe totaled X ha, remaining constant against 2021. Overall, the harvested area saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, the harvested area dedicated to grain production attained the peak figure at X ha in 2020; however, from 2021 to 2022, the harvested area stood at a somewhat lower figure.

Grain Exports

Exports in Europe

Grain exports fell to X tons in 2022, shrinking by X% against 2021. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, grain exports expanded rapidly to $X in 2022. Total exports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2017 indices. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

The biggest shipments were from Ukraine (X tons), France (X tons) and Russia (X tons), together recording X% of total export. Romania (X tons) held the next position in the ranking, followed by Germany (X tons) and Poland (X tons). All these countries together held approx. X% share of total exports. Bulgaria (X tons), Hungary (X tons), Lithuania (X tons), the Czech Republic (X tons) and Latvia (X tons) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest grain supplying countries in Europe were France ($X), Ukraine ($X) and Russia ($X), with a combined X% share of total exports. Romania, Germany, Poland, Bulgaria, Hungary, Lithuania, the Czech Republic and Latvia lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the export price in Europe amounted to $X per ton, with an increase of X% against the previous year. Export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Grain Imports

Imports in Europe

In 2022, overseas purchases of grain were finally on the rise to reach X tons after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, grain imports surged to $X in 2022. Total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Spain (X tons), Italy (X tons), the Netherlands (X tons), Germany (X tons) and Belgium (X tons) represented the main importer of grain in Europe, comprising X% of total import. The UK (X tons), Portugal (X tons), Belarus (X tons), Poland (X tons), Austria (X tons), Romania (X tons), Hungary (X tons) and Ireland (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest grain importing markets in Europe were Spain ($X), Italy ($X) and the Netherlands ($X), together accounting for X% of total imports. Germany, Belgium, the UK, Portugal, Poland, Belarus, Austria, Romania, Hungary and Ireland lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The import price in Europe stood at $X per ton in 2022, rising by X% against the previous year. Import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, grain import price increased by X% against 2016 indices. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the UK ($X per ton) and Austria ($X per ton), while Belarus ($X per ton) and Poland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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