Romania: Casein And Caseinates Market 2024

Casein And Caseinates Market Size in Romania

The Romanian casein and caseinates market expanded rapidly to $X in 2022, picking up by 6.2% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Casein And Caseinates Production in Romania

In value terms, casein and caseinates production amounted to $X in 2022 estimated in export price. Over the period under review, production posted a measured expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 245%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Casein And Caseinates Exports

Exports from Romania

In 2022, approx. X tons of casein and caseinates were exported from Romania; with a decrease of -37.7% compared with the previous year's figure. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 129,350% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, casein and caseinates exports declined dramatically to $X in 2022. Over the period under review, exports, however, saw a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of 24,650% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then contracted significantly in the following year.

Exports by Country

Bulgaria (X tons) and Italy (X kg) were the main destinations of casein and caseinates exports from Romania.

From 2013 to 2022, the biggest increases were recorded for Italy (with a CAGR of +72.9%).

In value terms, the largest markets for casein and caseinates exported from Romania were Bulgaria ($X) and Italy ($X).

Among the main countries of destination, Italy, with a CAGR of +74.5%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average casein and caseinates export price stood at $X per ton in 2022, shrinking by -30.5% against the previous year. Over the period under review, the export price saw a pronounced descent. The most prominent rate of growth was recorded in 2015 when the average export price increased by 291% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Bulgaria stood at $X per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ukraine (+26.3%), while the prices for the other major destinations experienced more modest paces of growth.

Casein And Caseinates Imports

Imports into Romania

Casein and caseinates imports into Romania surged to X tons in 2022, with an increase of 55% compared with the previous year. Over the period under review, imports, however, saw a abrupt contraction. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, casein and caseinates imports surged to $X in 2022. In general, imports, however, continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2017 with an increase of 79% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Ireland (X tons) constituted the largest casein and caseinates supplier to Romania, with a 64% share of total imports. Moreover, casein and caseinates imports from Ireland exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), fourfold. Denmark (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ireland amounted to +34.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+20.7% per year) and Denmark (0.0% per year).

In value terms, Ireland ($X) constituted the largest supplier of casein and caseinates to Romania, comprising 63% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total imports. It was followed by Denmark, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from Ireland totaled +45.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+28.9% per year) and Denmark (0.0% per year).

Import Prices by Country

In 2022, the average casein and caseinates import price amounted to $X per ton, surging by 14% against the previous year. Over the period under review, the import price posted significant growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 40% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 France ($X per ton), while the price for Poland ($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 (+27.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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