Romania: Cheese And Curd Market 2024

Cheese And Curd Market Size in Romania

For the third consecutive year, the Romanian cheese and curd market recorded growth in sales value, which increased by 9.8% to $X in 2022. Over the period under review, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.4% against 2019 indices. Cheese and curd consumption peaked in 2022 and is expected to retain growth in the immediate term.

Cheese And Curd Production in Romania

In value terms, cheese and curd production skyrocketed to $X in 2022 estimated in export price. In general, the total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +95.8% against 2015 indices. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Cheese And Curd Exports

Exports from Romania

In 2022, approx. X tons of cheese and curd were exported from Romania; with an increase of 11% compared with 2021 figures. Overall, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 32%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, cheese and curd exports soared to $X in 2022. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 44% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Greece (X tons), Italy (X tons) and the UK (X tons) were the main destinations of cheese and curd exports from Romania, together accounting for 56% of total exports. The Netherlands, Moldova, Germany, Bulgaria, Spain, France and Hungary lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +151.2%), while the other leaders experienced more modest paces of growth.

In value terms, Greece ($X), Italy ($X) and the UK ($X) appeared to be the largest markets for cheese and curd exported from Romania worldwide, with a combined 53% share of total exports. Moldova, Germany, the Netherlands, Bulgaria, Spain, France and Hungary lagged somewhat behind, together accounting for a further 36%.

The Netherlands, with a CAGR of +142.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average cheese and curd export price amounted to $X per ton, with an increase of 6.6% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2014 an increase of 15% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Moldova ($X per ton) and the UK ($X per ton), while the average price for exports to Greece ($X per ton) and Hungary ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Cheese And Curd Imports

Imports into Romania

In 2022, imports of cheese and curd into Romania rose sharply to X tons, picking up by 5.4% compared with the year before. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 31% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, cheese and curd imports expanded notably to $X in 2022. In general, imports showed a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of cheese and curd to Romania, accounting for a 43% share of total imports. Moreover, cheese and curd imports from Germany exceeded the figures recorded by the second-largest supplier, Poland (X tons), twofold. The third position in this ranking was held by Italy (X tons), with an 8.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+13.9% per year) and Italy (+25.2% per year).

In value terms, Germany ($X) constituted the largest supplier of cheese and curd to Romania, comprising 45% of total imports. The second position in the ranking was held by Poland ($X), with a 15% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +14.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+16.1% per year) and Italy (+24.9% per year).

Import Prices by Country

In 2022, the average cheese and curd import price amounted to $X per ton, surging by 8.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2013 an increase of 12% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual 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 Italy ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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