Romania: Preserved Beef Market 2024

Preserved Beef Market Size in Romania

In 2021, the Romanian preserved beef market decreased by -52.1% to $X, falling for the third consecutive year after two years of growth. Overall, consumption recorded a abrupt decline. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Preserved Beef Production in Romania

In value terms, preserved beef production surged to $X in 2021 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 52%. Preserved beef production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Preserved Beef Exports

Exports from Romania

In 2021, approx. X tons of beef and veal (salted, in brine, dried or smoked) were exported from Romania; rising by 627% against the previous year. In general, exports saw a noticeable expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 175,667%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, preserved beef exports surged to $X in 2021. Over the period under review, exports showed strong growth. The growth pace was the most rapid in 2019 with an increase of 58,283%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Hungary (X tons) was the main destination for preserved beef exports from Romania, accounting for a 89% share of total exports. Moreover, preserved beef exports to Hungary exceeded the volume sent to the second major destination, Cyprus (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hungary stood at +710.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-9.0% per year) and the UK (-27.8% per year).

In value terms, Hungary ($X) emerged as the key foreign market for beef and veal (salted, in brine, dried or smoked) exports from Romania, comprising 90% of total exports. The second position in the ranking was held by Cyprus ($X), with an 8.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Hungary totaled +543.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-3.0% per year) and the UK (-29.0% per year).

Export Prices by Country

In 2021, the average preserved beef export price amounted to $X per ton, waning by -24.6% against the previous year. Overall, the export price, however, saw a measured expansion. The most prominent rate of growth was recorded in 2017 an increase of 261% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (+6.6%), while the prices for the other major destinations experienced mixed trend patterns.

Preserved Beef Imports

Imports into Romania

In 2021, the amount of beef and veal (salted, in brine, dried or smoked) imported into Romania contracted to X tons, waning by -11.7% compared with the year before. Overall, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 3,238%. As a result, imports attained the peak of X tons, and then shrank in the following year.

In value terms, preserved beef imports expanded markedly to $X in 2021. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 1,085% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

Imports by Country

In 2021, Germany (X tons) constituted the largest preserved beef supplier to Romania, accounting for a 85% share of total imports. Moreover, preserved beef imports from Germany exceeded the figures recorded by the second-largest supplier, Ireland (X tons), more than tenfold. The third position in this ranking was taken by Italy (X tons), with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +78.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (0.0% per year) and Italy (+9.9% per year).

In value terms, Germany ($X) constituted the largest supplier of beef and veal (salted, in brine, dried or smoked) to Romania, comprising 83% of total imports. The second position in the ranking was taken by Italy ($X), with a 12% share of total imports. It was followed by Ireland, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +77.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+24.2% per year) and Ireland (0.0% per year).

Import Prices by Country

The average preserved beef import price stood at $X per ton in 2021, jumping by 21% against the previous year. Overall, the import price saw a mild increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 102%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat 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 Austria ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+25.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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