EU: Cereal Flour Market 2024

Cereal Flour Market Size in the EU

In 2023, after three years of growth, there was decline in the EU cereal flour market, when its value decreased by X% to $X. In general, consumption, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2022 with an increase of X%. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2023, consumption remained at a lower figure.

Cereal Flour Production in the EU

In value terms, cereal flour production declined to $X in 2023 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2023, production remained at a lower figure.

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Cereal Flour Exports

Exports in the EU

In 2023, after two years of growth, there was decline in shipments abroad of cereal flours, when their volume decreased by X% to X tons. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2022 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, cereal flour exports amounted to $X in 2023. Total exports indicated moderate 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, exports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2022 when exports increased by X%. The level of export peaked in 2023 and is likely to continue growth in the near future.

Exports by Country

In 2023, Germany (X tons) represented the main exporter of cereal flours, committing X% of total exports. Italy (X tons) ranks second in terms of the total exports with a X% share, followed by Belgium (X%), France (X%) and Hungary (X%). The following exporters - Poland (X tons), the Netherlands (X tons), Spain (X tons), Slovakia (X tons), Austria (X tons) and Portugal (X tons) - together made up X% of total exports.

From 2012 to 2023, average annual rates of growth with regard to cereal flour exports from Germany stood at X%. At the same time, Italy (X%), Poland (X%), the Netherlands (X%), Portugal (X%) and Austria (X%) displayed positive paces of growth. Moreover, Italy emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Hungary (X%), Slovakia (X%), Spain (X%), Belgium (X%) and France (X%) illustrated a downward trend over the same period. While the share of Germany (X p.p.), Italy (X p.p.) and Poland (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Spain (X p.p.), Belgium (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), Italy ($X) and Belgium ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.

In terms of the main exporting countries, Italy, 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

The export price in the European Union stood at $X per ton in 2023, increasing by X% against the previous year. Export price indicated a temperate increase 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, cereal flour export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2022 when the export price increased by X%. Over the period under review, the export prices hit record highs in 2023 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 Italy ($X per ton), while Hungary ($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 Netherlands (X%), while the other leaders experienced more modest paces of growth.

Cereal Flour Imports

Imports in the EU

In 2023, supplies from abroad of cereal flours increased by X% to X tons, rising for the fourth consecutive year after two years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in the near future.

In value terms, cereal flour imports skyrocketed to $X in 2023. Total imports indicated a remarkable 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. Based on 2023 figures, imports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2022 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to see gradual growth in years to come.

Imports by Country

In 2023, the Netherlands (X tons), distantly followed by France (X tons), Spain (X tons), Ireland (X tons), Germany (X tons), Belgium (X tons) and Romania (X tons) were the key importers of cereal flours, together generating X% of total imports. Portugal (X tons), Austria (X tons), Poland (X tons), the Czech Republic (X tons), Slovakia (X tons) and Italy (X tons) took a minor share of total imports.

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

In value terms, the Netherlands ($X), France ($X) and Ireland ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports. Spain, Germany, Belgium, Portugal, Romania, Poland, Austria, the Czech Republic, Italy and Slovakia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, the Czech Republic, 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

The import price in the European Union stood at $X per ton in 2023, growing by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform