Romania: Market for Caviar (Salmon) And Caviar Substitutes 2024

Market Size for Caviar (Salmon) And Caviar Substitutes in Romania

In 2021, the Romanian market for caviar (salmon) and caviar substitutes decreased by -5.7% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Caviar (salmon) and caviar substitutes consumption peaked at $X in 2020, and then fell in the following year.

Production of Caviar (Salmon) And Caviar Substitutes in Romania

In value terms, caviar (salmon) and caviar substitutes production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 33% against the previous year. Caviar (salmon) and caviar substitutes production peaked at $X in 2020, and then shrank in the following year.

Exports of Caviar (Salmon) And Caviar Substitutes

Exports from Romania

In 2021, approx. X tons of caviar (salmon) and caviar substitutes were exported from Romania; jumping by 326% against the year before. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2015 with an increase of 1,381% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, caviar (salmon) and caviar substitutes exports soared to $X in 2021. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2015 with an increase of 1,282% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The UK (X tons) was the main destination for caviar (salmon) and caviar substitutes exports from Romania, with a 73% share of total exports. Moreover, caviar (salmon) and caviar substitutes exports to the UK exceeded the volume sent to the second major destination, Ireland (X tons), tenfold. The third position in this ranking was held by Moldova (X tons), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at +50.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (+71.3% per year) and Moldova (+20.4% per year).

In value terms, the UK ($X) emerged as the key foreign market for caviar (salmon) and caviar substitutes exports from Romania, comprising 58% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 13% share of total exports. It was followed by Moldova, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +59.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+578.5% per year) and Moldova (+39.4% per year).

Export Prices by Country

In 2021, the average export price for caviar (salmon) and caviar substitutes amounted to $X per ton, with a decrease of -22.3% against the previous year. Over the period under review, the export price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2020, and then shrank notably in the following year.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Spain ($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 Bulgaria (+27.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Caviar (Salmon) And Caviar Substitutes

Imports into Romania

In 2021, approx. X tons of caviar (salmon) and caviar substitutes were imported into Romania; growing by 63% on the previous year's figure. Overall, imports showed a significant expansion. The growth pace was the most rapid in 2016 when imports increased by 146% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, caviar (salmon) and caviar substitutes imports skyrocketed to $X in 2021. Over the period under review, imports showed a significant increase. The growth pace was the most rapid in 2016 with an increase of 120%. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Turkey (X tons), Denmark (X tons) and Germany (X tons) were the main suppliers of caviar (salmon) and caviar substitutes imports to Romania, together accounting for 48% of total imports. France, Sweden, the Netherlands, Canada, the United States and Poland lagged somewhat behind, together accounting for a further 46%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +225.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Denmark ($X) and Turkey ($X) appeared to be the largest caviar (salmon) and caviar substitutes suppliers to Romania, with a combined 53% share of total imports. These countries were followed by Germany, Canada, the Netherlands, the United States, Sweden and Poland, which together accounted for a further 44%.

The Netherlands, with a CAGR of +202.0%, saw 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 import price for caviar (salmon) and caviar substitutes stood at $X per ton in 2021, rising by 2.7% against 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 25% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Canada ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :