Barley Market Overview in Ukraine
In value terms, barley production rose markedly to $ in estimated in export prices. In general, the total production indicated pronounced growth from 2007 to : its value increased at an average annual rate of +% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production increased by +% against 2018 indices. The most prominent rate of growth was recorded in 2008 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. from 2009 to , production growth remained at a lower figure.
The average yield of barley in Ukraine expanded notably to tonnes per ha in , growing by % on 2019 figures. Overall, the yield indicated a strong increase from 2007 to : its figure increased at an average annual rate of +% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, barley yield increased by +% against 2018 indices. The pace of growth appeared the most rapid in 2008 when the yield increased by % year-to-year. Over the period under review, the average barley yield reached the peak level in and is expected to retain growth in years to come. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.
In , the barley harvested area in Ukraine declined modestly to ha, waning by -% on the previous year. Over the period under review, the harvested area recorded a perceptible setback. The pace of growth was the most pronounced in 2009 with an increase of % y-o-y. As a result, the harvested area reached the peak level of ha. from 2010 to , the growth of the barley harvested area failed to regain the momentum.
The size of the barley market in Ukraine reduced markedly to $ in , dropping by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a slight expansion. The most prominent rate of growth was recorded in 2011 with an increase of % year-to-year. Barley consumption peaked at $ in 2009; however, from 2010 to , consumption stood at a somewhat lower figure.