Romania: Animal Feed Market 2024

Animal Feed Market Size in Romania

In 2022, the Romanian animal feed market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Animal Feed Production in Romania

In value terms, animal feed production surged to $X in 2022 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Animal Feed Exports

Exports from Romania

In 2022, overseas shipments of animal and pet feed decreased by -3.1% to X tons, falling for the second year in a row after four years of growth. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 32%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, animal feed exports dropped to $X in 2022. Over the period under review, exports, however, enjoyed a prominent expansion. The pace of growth was the most pronounced in 2017 when exports increased by 88%. The exports peaked at $X in 2021, and then contracted in the following year.

Exports by Country

Moldova (X tons) was the main destination for animal feed exports from Romania, accounting for a 22% share of total exports. Moreover, animal feed exports to Moldova exceeded the volume sent to the second major destination, Bulgaria (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to Moldova totaled +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-5.0% per year) and Poland (+128.7% per year).

In value terms, Moldova ($X) remains the key foreign market for animal and pet feed exports from Romania, comprising 19% of total exports. The second position in the ranking was held by Poland ($X), with a 9.4% share of total exports. It was followed by Bulgaria, with a 9.3% share.

From 2012 to 2022, the average annual growth rate of value to Moldova totaled +8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+125.1% per year) and Bulgaria (+3.5% per year).

Export Prices by Country

In 2022, the average animal feed export price amounted to $X per ton, falling by -9.7% against the previous year. Over the period under review, the export price, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of 44% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (+52.9%), while the prices for the other major destinations experienced more modest paces of growth.

Animal Feed Imports

Imports into Romania

In 2022, approx. X tons of animal and pet feed were imported into Romania; increasing by 14% against the previous year. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when imports increased by 16%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, animal feed imports dropped modestly to $X in 2022. Over the period under review, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.7% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, Hungary (X tons) constituted the largest supplier of animal feed to Romania, with a 70% share of total imports. Moreover, animal feed imports from Hungary exceeded the figures recorded by the second-largest supplier, Bulgaria (X tons), more than tenfold. The third position in this ranking was taken by Denmark (X tons), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume from Hungary stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Bulgaria (-6.1% per year) and Denmark (+11.4% per year).

In value terms, Hungary ($X) constituted the largest supplier of animal and pet feed to Romania, comprising 50% of total imports. The second position in the ranking was held by Denmark ($X), with a 6.9% share of total imports. It was followed by Germany, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value from Hungary totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (+11.2% per year) and Germany (+5.4% per year).

Import Prices by Country

The average animal feed import price stood at $X per ton in 2022, dropping by -13% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2021 an increase of 46% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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