Key Market Indicators
Macedonian cereal products sales are projected to hit approximately €157 million by 2028, up from an estimated €141 million in 2023. This growth represents an average annual increase of 1.7%. Since 2016, the Macedonian market has seen a steady rise of 1.5% year on year. In 2023, Macedonia ranked 32nd in cereal product sales, with Latvia surpassing it with sales also around €141 million. Leading the rankings were Germany, Italy, and the United Kingdom, holding the second, third, and fourth positions respectively. On the production front, Macedonian cereal products are expected to reach roughly €140 million by 2028, up from about €127 million in 2023. This signifies an average annual growth rate of 1.6%. Since 2016, Macedonian supply has increased by 2% year on year. As with sales, Macedonia was positioned 32nd in production in 2023, again overtaken by Latvia with a production value of approximately €127 million. The top three positions were held by Germany, Italy, and the United Kingdom, maintaining their ranks as second, third, and fourth, respectively.
