Romania: Preserved Anchovies Market 2024

Preserved Anchovies Market Size in Romania

In 2021, after five years of growth, there was decline in the Romanian preserved anchovies market, when its value decreased by -0.8% to $X. Over the period under review, consumption showed a mild increase. Preserved anchovies consumption peaked at $X in 2020, and then dropped slightly in the following year.

Preserved Anchovies Production in Romania

In value terms, preserved anchovies production reduced to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 29%. Over the period under review, production reached the peak level at $X in 2020, and then declined modestly in the following year.

Preserved Anchovies Exports

Exports from Romania

Preserved anchovies exports from Romania skyrocketed to X tons in 2021, rising by 72% against the previous year's figure. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2019 with an increase of 8,560%. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, preserved anchovies exports surged to $X in 2021. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 11,493% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Spain (X tons) was the main destination for preserved anchovies exports from Romania, with a 95% share of total exports. Moreover, preserved anchovies exports to Spain exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold.

From 2013 to 2021, the average annual rate of growth in terms of volume to Spain stood at -1.1%.

In value terms, Spain ($X) remains the key foreign market for anchovies (prepared or preserved) exports from Romania, comprising 97% of total exports. The second position in the ranking was held by Sweden ($X), with a 2.4% share of total exports.

From 2013 to 2021, the average annual growth rate of value to Spain totaled +3.1%.

Export Prices by Country

The average preserved anchovies export price stood at $X per ton in 2021, growing by 3.2% against the previous year. In general, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2014 an increase of 46%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Sweden totaled $X per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+97.7%), while the prices for the other major destinations experienced more modest paces of growth.

Preserved Anchovies Imports

Imports into Romania

Preserved anchovies imports into Romania surged to X tons in 2021, with an increase of 18% against the previous year. Over the period under review, imports recorded a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by 77% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, preserved anchovies imports skyrocketed to $X in 2021. In general, imports showed resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 80%. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Greece (X tons), Italy (X tons) and Bulgaria (X tons) were the main suppliers of preserved anchovies imports to Romania, together comprising 91% of total imports.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +72.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Greece ($X) and Belgium ($X) were the largest preserved anchovies suppliers to Romania, with a combined 94% share of total imports. France, Bulgaria and Spain lagged somewhat behind, together comprising a further 4.4%.

Bulgaria, with a CAGR of +84.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average preserved anchovies import price stood at $X per ton in 2021, increasing by 3.8% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, preserved anchovies import price increased by +7.8% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 88% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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