Romania: Market for Animal Or Vegetable Fertilisers 2024

Market Size for Animal Or Vegetable Fertilisers in Romania

For the seventh consecutive year, the Romanian animal or vegetable fertilisers market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption recorded a significant increase. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the near future.

Exports of Animal Or Vegetable Fertilisers

Exports from Romania

After two years of growth, overseas shipments of animal or vegetable fertilisers decreased by X% to X tons in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, animal or vegetable fertilisers exports contracted modestly to $X in 2022. In general, exports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Hungary (X tons) was the main destination for animal or vegetable fertilisers exports from Romania, accounting for a X% share of total exports. Moreover, animal or vegetable fertilisers exports to Hungary exceeded the volume sent to the second major destination, Israel (X tons), more than tenfold. Italy (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Hungary totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X.0% per year) and Italy (X% per year).

In value terms, Moldova ($X), Hungary ($X) and Bulgaria ($X) appeared to be the largest markets for animal or vegetable fertilisers exported from Romania worldwide, with a combined X% share of total exports. Italy and Israel lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Israel, 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

The average animal or vegetable fertilisers export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, recorded a perceptible decline. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Moldova ($X per ton), while the average price for exports to Hungary ($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 Bulgaria (X%), while the prices for the other major destinations experienced a decline.

Imports of Animal Or Vegetable Fertilisers

Imports into Romania

In 2022, the amount of animal or vegetable fertilisers imported into Romania skyrocketed to X tons, picking up by X% on the previous year's figure. In general, imports posted a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, animal or vegetable fertilisers imports soared to $X in 2022. Over the period under review, imports recorded a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Italy (X tons) constituted the largest animal or vegetable fertilisers supplier to Romania, with a X% share of total imports. Moreover, animal or vegetable fertilisers imports from Italy exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold. The third position in this ranking was taken by Belgium (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Belgium (X% per year).

In value terms, Italy ($X) constituted the largest supplier of animal or vegetable fertilisers to Romania, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average animal or vegetable fertilisers import price stood at $X per ton in 2022, leveling off at the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Slovakia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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