Eastern Europe: Sweet Potato Market 2024

Sweet Potato Market Size in Eastern Europe

The East European sweet potato market expanded rapidly to $X in 2023, rising by X% against the previous year. Over the period under review, consumption showed a significant expansion. The level of consumption peaked in 2023 and is likely to see steady growth in the immediate term.

Sweet Potato Production in Eastern Europe

In value terms, sweet potato production amounted to $X in 2023 estimated in export price. In general, production showed a pronounced contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Slovakia (X tons) constituted the country with the largest volume of sweet potato production, accounting for X% of total volume.

In Slovakia, sweet potato production remained relatively stable over the period from 2012-2023.

Sweet Potato Exports

Exports in Eastern Europe

In 2023, overseas shipments of sweet potatoes increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports posted significant growth. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, sweet potato exports surged to $X in 2023. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are likely to see steady growth in the near future.

Exports by Country

Poland represented the main exporting country with an export of about X tons, which recorded X% of total exports. It was distantly followed by Hungary (X tons) and the Czech Republic (X tons), together achieving a X% share of total exports. The following exporters - Lithuania (X tons) and Latvia (X tons) - each finished at an X% share of total exports.

Poland was also the fastest-growing in terms of the sweet potatoes exports, with a CAGR of X% from 2012 to 2023. At the same time, Latvia (X%), the Czech Republic (X%), Hungary (X%) and Lithuania (X%) displayed positive paces of growth. From 2012 to 2023, the share of Poland, Hungary, the Czech Republic and Latvia increased by X, X, X and X percentage points, respectively.

In value terms, Poland ($X), Hungary ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Latvia and Lithuania lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Latvia, with a CAGR of X%, saw 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 2023, the export price in Eastern Europe amounted to $X per ton, picking up by X% against the previous year. In general, the export price, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Poland ($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 Czech Republic (X%), while the other leaders experienced a decline in the export price figures.

Sweet Potato Imports

Imports in Eastern Europe

For the ninth consecutive year, Eastern Europe recorded growth in supplies from abroad of sweet potatoes, which increased by X% to X tons in 2023. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked in 2023 and is likely to see steady growth in years to come.

In value terms, sweet potato imports skyrocketed to $X in 2023. Overall, imports posted a significant expansion. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports hit record highs in 2023 and are likely to see steady growth in years to come.

Imports by Country

Poland represented the main importing country with an import of around X tons, which accounted for X% of total imports. Hungary (X tons) held the second position in the ranking, followed by Romania (X tons), the Czech Republic (X tons), Russia (X tons), Slovakia (X tons) and Bulgaria (X tons). All these countries together took approx. X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to sweet potato imports into Poland stood at X%. At the same time, Hungary (X%), Romania (X%), the Czech Republic (X%), Russia (X%), Bulgaria (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. While the share of Hungary (X p.p.), Romania (X p.p.), the Czech Republic (X p.p.) and Russia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Slovakia (X p.p.) and Poland (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported sweet potatoes in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Hungary ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

In Poland, sweet potato imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Hungary (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in Eastern Europe 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%. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Slovakia ($X per ton) and Poland ($X per ton), while Romania ($X per ton) and Bulgaria ($X per ton) were amongst the lowest.

From 2012 to 2023, 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.

Source: IndexBox Platform